To investigate the development of advance task-set updating and reconfiguration, behavioral and event-related potential (ERP) data were recorded in children (9–10 years), adolescents (13–14 years), and young adults (20–27 years) in a cued task-switching paradigm. In pure blocks, the same task was repeated. In mixed blocks, comprised of stay and switch trials, two tasks were intermixed. Age differences were found for stay-pure performance (mixing costs) in the 600-ms but not in the 1200-ms cue-target interval (CTI). Children showed larger reaction time mixing costs than adults. The ERPs suggested that the larger costs were due to delayed anticipatory task-set updating in children. Switch-stay performance decrements (switch costs) were age-invariant in both CTIs. However, ERP data suggested that children reconfigured the task-set on some stay trials, rather than only on switch trials, suggesting the continued maturation of task-set reconfiguration processes.