The research was conducted to provide answers to two research questions: (1) what is the level of posttraumatic stress disorder (PTSD) and depressive symptoms in children and adolescents; and (2) which variables correlate with PTSD and depression level, in a way that they present risk factors for development of symptoms. Research was conducted fourteen months after the end of the bombing, on the sample of 629 children and adolescents from Vojvodina. It was registered that significant extent of PTSD symptoms exists in almost 60% of children and adolescents exposed to the bombing (59.6%). For the prediction of PTSD level, a tendency for using specific coping strategies appeared especially important. The best predictors of depression level were personality characteristics, which form a pattern known as negative affectivity.