This one-year case study reports on the effectiveness and value of electronic portfolios (e-portfolios) from the preservice teachers' perspectives. Using surveys and selected interviews, the study explored how 38 preservice teachers' understanding of the e-portfolios evolved as they completed their elementary teacher education program. Respondents reported that, after using the e-portfolios, they were stimulated to engage in reflective practices, to develop effective learning strategies, and to gain as well as review technology skills. Respondents also indicated frustrations and challenges involved when creating their first e-portfolios. Implications regarding the findings are discussed. (Contains 1 table.)