This research brief relates to a CRPE report that finds, despite widespread publicity about a shortage of school principals, there are far more candidates certified to be principals than there are principal vacancies to fill. The study reveals that the real problem is not an overall shortage in the supply of principals, but rather that candidates are inequitably distributed between schools and districts. The perception of a shortage is exacerbated, the study finds, because superintendents are not finding the high-level leadership skills they seek in applicants.