The purpose of this study was to develop the Caring Behaviors Inventory for Elders (CBI-E) and to establish its psychometric characteristics further. The 28-item CBI-E was framed by Watson’s theory of human caring. Aconvenience sample (N = 215) of elders and their caregivers (N = 138) completed the instrument. Psychometric analysis included item analysis, test-retest reliability, internal consistency reliability with Cronbach’s alpha coefficients, contrasted groups construct validity, and factorial validity, using principal components analysis with varimax rotation. Preliminary construct validity was established. Five dimensions of the CBI-E were identified: attending to individual needs, showing respect, practicing knowledgeably and skillfully, respecting autonomy, and supporting religious/spiritual beliefs. Additional testing is warranted.