Since it was established in 1994, the Faculty of Psychology Practicum has become one of the most important subjects in the psychology degree. The aim of this paper is double: it focuses on technical and formal features of the Practicum and on the progress made to date, and carries out un empirical and critical assessment of different aspects of the program based on an analysis of surveys administered to both students and teachers in the Practicum. The results indicate: a notable degree of satisfaction, on the part of boths students and teachers; the high quality of collaborating centres; and the competence of external professionals.