This paper investigates the processes that predict reading acquisition. Associations between (a) scaffolding errors (e.g., "torn" misread as "town" or "tarn"), other reading errors, and later reading and (b) vowel and rime inferences and later reading were explored. To assess both of these issues, 50 6-year-old children were shown a number of CVC words, and word reading errors were noted. Children were then taught families of riming words that could serve as a basis for rime or vowel analogies (e.g., "bark", "mark", "dark" --> "park" or "harm") before attempting to read the CVCs a second time. Children's reading ability was measured at age 6 and two years later at age 8. The results showed that, among word reading error groups, only scaffolding errors at age 6 were unique predictors of reading at age 8, after reading, vocabulary, and phonological awareness were controlled. Vowel but not rime inferences predicted reading at age 8. The results are used to inform a model of the role of phoneme awareness and grapheme use in early reading development wherein vowel inference-use helps to specify precise representations of CVC words from preliminary scaffolding errors.