The present study tested the dual-component model of working memory capacity (WMC) by examining estimates of primary memory and secondary memory from an immediate free recall task. Participants completed multiple measures of WMC and general intellectual ability as well as multiple trials of an immediate free recall task. It was demonstrated that there are 2 sources of variance (primary memory and secondary memory) in immediate free recall and that, further, these 2 sources of variance accounted for independent variation in WMC. Together, these results are consistent with a dual-component model of WMC reflecting individual differences in maintenance in primary memory and in retrieval from secondary memory. Theoretical implications for working memory and dual-component models of free recall are discussed. (Contains 3 footnotes, 3 tables and 4 figures.)