Various Toeplitz preconditioners $P_N $ have recently been proposed so that an $N \times N$ symmetric positive definite Toeplitz system $T_N {\bf x} = {\bf b}$ can be solved effectively by the preconditioned conjugate gradient (PCG) method. It has been proven that if $T_N $ is generated by a positive function in the Wiener class, the eigenvalues of the preconditioned matrices $P_N^{ - 1} T_N $ are clustered between $( 1 - \epsilon ,1 + \epsilon )$ except for a fixed number independent of N. In this research, the spectra of $P_N^{ - 1} T_N $ are characterized more precisely for rational Toeplitz matrices $T_N $ with preconditioners proposed by Strang [Stud. Appl. Math., 74 (1986), pp. 171–176] and Ku and Kuo [IEEE Trans. Signal Process., 40 (1992), pp. 129–141]. The eigenvalues of $P_N^{ - 1} T_N $ are classified into two classes, i.e., the outliers and the clustered eigenvalues, depending on whether they converge to 1 asymptotically. It is proved that the number of outliers depends on the order of the rat...