An experimental population of 994 Holstein heifers from 56 sires was used to estimate simultaneously heritabilities and genetic and phenotypic correlations between first-lactation yields and prepartum and postpartum weight changes. Variance and covariance components were estimated by the multitrait restricted maximum likelihood method. Heritability estimates were .09, .15, and .32 for first-lactation milk, protein, and fat yields. Heritability estimates ranged from .20 to .34 for prepartum and postpartum body weights and weight changes of first lactation. Weight gain from 350 to 462 d of age was highly correlated, genetically and phenotypically, with first-lactation milk, protein, and fat yields. Genetic and phenotypic correlations between first-lactation yields and body weights at calving and at 56, 112, 168, 224, and 280 d postpartum were positive, suggesting that the larger heifers had higher lactation yields. In contrast, genetic and phenotypic correlations between yields and weight gains during the first lactation were negative, indicating that high-producing heifers gained less weight during lactation than low-producing heifers. Heifers lost an average of 23 kg from calving to 56 d postpartum and gained weight thereafter. On genetic and phenotypic scales, larger heifers at first calving lost more weight from calving to 56 d postpartum and gained less weight from 56 d postpartum onward than smaller heifers.