Purpose: The purpose of this study was to investigate the relationship among self-efficacy, satisfaction with practice and fundamentals of nursing practicum in student nurses. Method: The participants were 185 first year students at K College of Nursing in Jeonbuk Province who were taking a practicum for Fundamentals of Nursing and agreed to participate in the study. Data collection was done from November 19 to 30, 2007. The instrument for data collection was a questionnaire on self-efficacy, satisfaction with practice and fundamentals of nursing practicum. Data were analyzed by SPSS-PC ver 12.0. Results: Self-efficacy and fundamentals of nursing practicum were significantly different depending on satisfaction with major and school life. Satisfaction with practice was significantly different depending on relationship with schoolmates and school life. Self-efficacy showed a significantly positive correlation with satisfaction with practice and fundamentals of nursing practicum. Also, satisfaction with practice showed a significantly positive correlation with fundamentals of nursing practicum. Conclusion: This study suggests that self-efficacy helps student nurses to plan a self-directed nursing performance, improves their ability to solve problems and helps to perform fundamentals of nursing practicum well.