I. The study examined neurocognitive functioning in a large cohort of 493 first episode psychosis patients and found that on average, patients performed within normal limits on attention and motor speed tasks, but around 1 standard deviation lower than controls on verbal learning and memory tasks and 1.5 standard deviations slower on timed tasks measuring selective and divided attention. II. However, 19% of first episode patients performed entirely within the normal range neuropsychologically. III. Preliminary cluster analysis identified four distinct neurocognitive profiles among patients: normal/fast performers, poor motor speed, poor verbal learning and memory, and poor selective and divided attention.