This study assessed the factor structure, internal consistency, and concurrent validity of the Smoking Expectancies Scale for Adolescents (SESA) using 717 Australian adolescents (87% nonsmokers, 11% current smokers, and 2% ex-smokers). Exploratory factor analysis of SESA yielded 8 factors. Confirmatory factor analysis indicated that the 8-factor model, and also a 2nd-order cost-benefit model, fit the data significantly better than 4 alternatives. Validation analyses revealed the 8-factor model explained 26% to 32% of the variance in adolescent cigarette use, smoking intentions, smoking subjective norms, and peer smoking. The 2nd-order model explained 12% to 17% of the variance in these same variables.