Down syndrome (DS) or trisomy 21 is the most common congenital genetic abnormality in the United States, and affected individuals have a unique predisposition to develop acute leukemias early in life. It is estimated that children with DS have a 40-and 150-fold increased risk of developing acute lymphoblastic leukemia (ALL) and acute myeloid leukemia (AML), respectively. The increase in leukemia risk is likely caused by endogenous alterations of genetic factors, including imbalances in chromosome 21-localized genes and altered biochemical pathways in DS cells. The hallmark features of DS-AML include the early development of a precursor disorder known as transient abnormal myelopoiesis (TAM), which clinically resembles AML but is transient in nature, and the presence of GATA1 (Xp11.23) mutations, which are detectable in the majority of TAM and DS-AML cases. On the other hand, DS-ALL leukemogenesis is linked to alterations in the CRLF2 gene and associated mutations affecting pathways involving either the JAK2 or RAS genes. In this chapter we review current concepts of mechanisms leading to mutagenesis and leukemia in DS.