This study investigates the performance of Indiana's new principals per the Educational Leadership Constituent Council (ELCC) and the Indiana Content Standards for building-level leader preparation. Using quantitative survey methodology, information was collected from Indiana superintendents regarding the effectiveness of principals who had recently completed university administrative preparation programs. Analysis of responses revealed that superintendents viewed their new principals as "proficient" in almost every area, with the highest mean observed in the category of "Integrity". In contrast, the mean response for "financial management" was found to be in the "basic" range, creating implications for an area of potential development in school leadership education in the state.