Self-reports of levels of physical exercise, experienced bodily changes, and attitudinal and well-being variables were obtained from 407 adults, aged 26 to 95 years. The purpose was to assess the relative magnitudes of the experienced benefits of exercise across the exercise continuum. Cluster analyses identified three groups at each of four age levels: a) sedentary people who experienced negative bodily changes; b) modest exercisers who reported the most positive bodily changes; and c) high exercisers who reported only minimal bodily changes. Psychological barriers to exercise among sedentary people included negative exercise attitudes, attributions of negative bodily changes to aging, and low levels of exercise motivation and self-efficacy. Modest and high exercisers both scored high on attitude and well-being variables.