In an attempt to identify early predictors of major disability or death apparent within the first 2 hours of life, the cases of 35 term infants given a diagnosis of postasphyxial hypoxic-ischemic encephalopathy (HIE) were reviewed. All infants were born after 37 weeks’ gestation. In addition to clinical signs of HIE and evidence of fetal distress, these infants had a low Apgar score, an initial arterial pH less than 7.20, and/or a 5-minute delay in respiration, and they required resuscitation and ventilatory assistance at birth. Signs of HIE included altered consciousness, abnormal neuromuscular tone and reflexes, seizures, and tonic eye deviation. Infants were evaluated by a neonatologist up to the age of 18 months. A severely adverse outcome (death; major motor disability, including generalized hypotonia, spastic diplegia, hemiplegia, or choreoathetosis; or developmental delay) was observed in 23 of the 35 infants (65.7%). Care had been withdrawn from only 1 of 13 infants who died. Ten babies survived with major neurologic sequelae, most often spastic quadriplegia. HIE was rated as mild in 3 cases, moderate in 18, and severe in 14. Univariate analysis identified a low 5-minute Agar score, a low initial arterial pH, a high base deficit, and the use of adrenaline as being significantly associated with a severe adverse outcome. Factors that were not significant included an abnormal fetal heart rate, abnormal findings on the cardiotocogram, cardiac arrest, seizures, and the 1-minute Apgar score. On multivariate analysis, an initial base deficit of at least 20 mEq/liter independently predicted death or severe neurologic deficit with a sensitivity of 79%, specificity of 90%, and a positive predictive value of 94%. Adding a 5-minute Apgar score of less than 4 yielded 67% sensitivity but 100% specificity, with positive and negative predictive values of 100% and 62.5%, respectively. Combining a pH of 7.1 or less with a low 5-minute Apgar score had a specificity and positive predictive value of 100% but was less sensitive. The most reliable overall predictor was a base deficit of 25 mEq/liter or more, which was 64% sensitive, 89% specific, and had positive and negative predictive values of 78% and 80%, respectively. Higher predictive values could not be achieved by combining two or more risk factors.