Dropping out of school has been presented as a serious problem affecting gifted students, with some authors suggesting that 20% or more of dropouts could be gifted (e.g., Rimm, 1995; Robertson, 1991). Longitudinal data from North Carolina were used to investigate high-school dropout rates among gifted students (N = 7916) who had participated in a regional talent search program as seventh graders. In contrast to some prior estimates, results indicate that dropout rates among this particular gifted population are extremely low. Dropout rates among all gifted subgroups, as well as across this entire population, were below 1%. Gifted students differed from the general dropout population in being less likely to report dropping out due to attendance problems and more likely to drop out to attend a community college. Limitations of the findings are discussed, and implications for gifted education policy and practice are offered. (Contains 1 table and 2 figures.)