The role of altcntional processes in voluntary delay of reward was explored by manipulating children's attention to the rewards for which they were waiting in a delay-of-gratification paradigm. Preschool children waited for a preferred but delayed reward while facing either the delayed reward, a less preferred but immediately available reward, both rewards, or no rewards. The dependent measure was the amount of they waited for the preferred outcome before forfeiting it for the sake of the less desired but immediately available one. Results contradicted predictions from psychodynamic theory and from speculations concerning self-instructions during time binding. Unexpectedly, but in accord with frustrative nonreward theory, voluntary waiting was substantially increased when subjects could not attend to rewards during the waiting period. Implications are discussed for a theory of the development of delay of gratification.