The study examined the relationship between leader-member exchange (LMX) and individual objective performance. While the LMX literature suggests a positive correlation between LMX and performance, a closer look at the research examined showed that the performance measurements were based on subjective measurements rather than objective measurements. Literature examining the effect on objective measurements is lacking. To determine the effect LMX has on objective measures of performance and to expand the LMX research literature, this theory was applied in a freshmen business learning community within higher education. Literature from four areas (LMX, performance, learning communities, and mentoring) provided the theoretical framework. Individual objective performance measures were collected for each student of the study population (N = 593) from institutional records. Participants were asked to assess the relationship quality with the peer leaders assigned to them using a modified version of the LMX-MDM (Liden & Maslyn, 1998). A correlational data analysis was run for the number of respondents (n = 88) in regard to peer leader-student LMX (independent variable) and three individual objective performance measures: Mid-term GPA (H[subscript 0] 1), Term GPA (H[subscript 0] 2), and first year grade exclusion, or FYGE (H[subscript 0] 3). No significant support was found establishing any correlation between the independent variable (LMX) and the dependent variables (individual objective performance measures). Overall, the findings of the study were inconclusive due to the small sample size, and recommendations regarding future replication studies and further advancement of LMX research literature is presented. [The dissertation citations contained here are published with the permission of ProQuest LLC. Further reproduction is prohibited without permission. Copies of dissertations may be obtained by Telephone (800) 1-800-521-0600. Web page: http://www.proquest.com/en-US/products/dissertations/individuals.shtml.]