The first waves of Asian immigration to the United States were halted by exclusionary and racist legislation in the late nineteenth and early twentieth centuries. With the reforms of the 1965 Immigration Act, there has been a resurgence of immigration from Asia. This study analyzes changes in the socioeconomic composition of immigrant and native-born Asian-Americans (Japanese, Chinese, and Filipinos) from 1960 to 1976. The educational levels of all Asian groups, immigrant and native-born, have equaled or exceeded those of whites in recent years. Asians are more likely to be found in professional occupations than are whites, although there is also a concentration of immigrant Chinese and Filipinos in service occupations and the retailtrade sector. Native-born Asian-Americans have reached parity with whites in terms of average earnings, though immigrant Asians remain far behind. The findings are discussed in light of the changing structural conditions and opportunities of Asians in American society.