The major constraint in conducting visceral leishmaniasis (VL) population studies is the difficulty of diagnosing asymptomatic infection. The aims of the present study, conducted in an urban area in the southeast of Brazil, were to appraise the performance of serological techniques in identifying VL asymptomatic cases and to follow up a cohort of Leishmania infantum-exposed individuals living in an active transmission area, in an effort to understand infection dynamics and disease natural history. After an initial population-based survey, three evaluations were carried out, covering a 7-year follow-up period. In addition to diagnostic tests, with polymerase chain reaction (PCR)-hybridization as the reference test, the study population was interviewed and clinically examined; the last evaluation included abdominal ultrasonography. Our results showed that serological tests are not adequate in diagnosing asymptomatic VL; they also did not permit conclusions concerning parasite transmission and infection dynamics. Diagnostic techniques using molecular biology methods were more promising in identifying asymptomatic infection, but the meaning of a positive PCR-hybridization test was unclear. In the present study, with one exception, after the follow-up period, all participants had at least one positive molecular test, but none developed clinical disease. The meaning of a positive PCR in areas with active parasite transmission needs to be better evaluated. Drug Dev Res 72:442-450, 2011.