Abstract: Genetic parameters for traits evaluated at the First Stallion Inspection (FSI) and genetic correlations with dressage and show-jumping performance in competition were estimated. Data comprised 2361 stallions with FSI-observations from 1994 through 1999. Genetic analyses were performed using univariate and bivariate animal models. Heritability estimates of the FSI-traits ranged from 0.25 to 0.61. FSI-traits related to gaits showed strong genetic correlations (above 0.70) and FSI-traits related to free jumping had correlations close to unity. Competition results of 23,897 horses with performance in dressage and 22,811 horses with performance in show-jumping were linked to the FSI data to estimate the genetic relationship with performance in competition. Heritability estimates for dressage and show-jumping were 0.14. Genetic correlation between FSI-gaits and dressage in competition were positive, ranging from 0.37 to 0.72. Genetic correlation between FSI-jumping traits and show-jumping were all above 0.80. FSI-jumping traits showed negative correlations with dressage (about – 0.48). FSI-gait traits showed negative correlations with show-jumping, except for canter. It is concluded that selection at First Stallion Inspection comprises an important component of the stallion selection program, because FSI-traits have good genetic relationships with performance in competition and, due to the number of animals involved, relative high selection intensities can be achieved.