This current study examined the reciprocal relationship between anxiety and attitude towards mathematics in elementary students. Two instruments (attitudes towards mathematics inventory short form [ATMI-Short Form] and the Revised Fennema-Sherman Mathematics Anxiety Scale [Revised-FSMAS]) were administered to 310 fourth grade elementary students. Results of this study revealed that elementary students had higher level of attitude towards mathematics in comparison to their mathematics anxiety level. Findings of the study revealed that mathematics attitudes were linked to their mathematics anxiety. Although the magnitude of the correlations between mathematics anxiety and attitude towards mathematics were not very strong, the significant relationship between these two components should be acknowledged.