The purpose of this study was to investigate if there was a difference between depression level of gifted and that of average students. The sample included 59 gifted and 117 average students (82 girls, 94 boys). In the sample, there were 53 students from 3rd grade, 68 students from 4th grade and 55 students from 5th grade. The students were administered the Children’s Depression Inventory to determine their depression level, and the Raven’s Standart Progressive Matrices to determine their general intellectual level. T-test was used to test differences between depression levels of the gifted and non-gifted groups. Findings showed that the mean of depression level of the average students (M=11,49, S.D.=7,55) were significantly higher (t=-2,07; p<.005) than the mean of depression level of the gifted students (M= 9,10, S.D=6,51).