The dependence of tree seedling survival and growth on light availability was evaluated over 15 mo in three second-growth, wet forest stands (15–18 y old) in north-eastern Costa Rica. Seedlings of four canopy tree species (Dipteryx panamensis, Hyeronima alchorneoides, Virola koschnyi and Vochysia guatemalensis) were planted into four canopy treatments in three replicated stands and in a pasture site, spanning a nearly complete gradient of light availability. Survival and growth of all species increased in response to increasing light availability, but species differed in survival in shaded microsites (6–20% light transmittance) and in growth increments per light increase. Hyeronima showed the highest mortality at low light levels and the highest relative height growth increase per light increase. In contrast, Virola showed high survival at low and moderate light, but showed the lowest leaf area and above-ground biomass per light increase among all species. Dipteryx and Vochysia maintained relatively high rates of survival and growth across the entire light gradient. Hyeronima and Virola showed trade-offs between growth and survival responses to light, unlike Dipteryx and Vochysia. Differences among species in seedling survival at low light may be determined by a variety of physiological and morphological traits that may or may not be mechanistically linked to growth responses.