The consequences of early bilingual exposure on the perceptual reorganization processes that occur by the end of the first year of life were analyzed in a series of experiments on the capacity to discriminate vowel and consonant contrasts, comparing monolingual and bilingual infants (Catalan/Spanish) at different age levels. For bilingual infants, the discrimination of target vowel contrasts, which reflect different amount of overlapping and acoustic distance between the two languages of exposure, suggested a U-shaped developmental pattern. A similar trend was observed in the bilingual infants discrimination of a fricative voicing contrast, present in only one of the languages in their environment. The temporary decline in sensitivity found at 8 months for vowel targets and at 12 months for the voicing contrast reveals the specific perceptual processes that bilingual infants develop in order to deal with their complex linguistic input. Data from adult bilingual subjects on a lexical decision task involving these contrasts add to this developmental picture and suggest the existence of a dominant language even in simultaneous bilingual acquisition. [Work supported by JSMF 10001079BMB.]