This repeated measures study examined undergraduate students’ beliefs about aging and Alzheimer’s disease (AD) in the cognitive, social, and physical domains. Students rated typical 25-year-olds (young target), typical 75-year-olds (old target), and typical institutionalized persons with AD (AD target) on 46 statements about cognitive, physical, and social abilities. Beliefs about aging were found to be generally negative in the cognitive and physical domains but positive in the social domain, consistent with the age-stereotyping literature. Interestingly, by comparing ratings of old and AD targets, beliefs were found to be generally negative in the cognitive and social domains but positive in the physical domain. AD is perceived to be a disease primarily of the mind, but in comparison to differences expected with aging, physical prowess is enhanced. Documenting beliefs, a first step toward modifying stereotyped behaviour, could have significant effects on the health and well-being of older adults and persons with AD.