The purpose of this investigation was to further define the role of anxiety sensitivity, in relation to physiological arousal and the cognitive perception of anxiousness, as a determinant of anxiety. One hundred and thirty-two undergraduates at an urban university served as subjects. Two physiological measures of arousal and two cognitive measures of anxiety were used following an anxiety inducing task (mental arithmetic). The general expectation, which was supported, was that individual differences in anxiety sensitivity levels are more closely related to subjects' reported anxiousness in stressful conditions than are the actual physiological changes. Additionally, anxiety sensitivity was related to poststress levels of anxiety whereas trait anxiety was only related to pre- and postrelaxation levels of anxiety. Implications of the findings are addressed.