The current study compares the effects of two shared storybook reading (SSR) interventions on language and emergent literacy skills of low-income preschoolers. The control intervention targeted language and print awareness, skills for which there is strong evidence of the effect of SSR. The experimental intervention added a focus on phonological awareness, a skill for which there is less evidence of the effect of SSR. Following the interventions, results indicated that the experimental group (n = 10) outperformed the control group (n = 13) on phonological awareness scores, but not on vocabulary and print awareness scores. The study also compared the outcomes of the experimental intervention for the low-income participants with the skills of higher-income preschoolers who did not receive intervention. The low-income children in the experimental condition outperformed their higher-income peers (n = 12) on all three measures. The experimental intervention offers promising techniques for SSR activities in childcare centres. (Contains 3 tables.)