Theories of voting have distinguished between prospective and retrospective evaluations of political parties. However, not only may both factors be at work in an election, but they may also be complementary. The 1980 Canadian federal elections were, according to most accounts, both a retrospective and a prospective referendum on the energy issue. However, previous examinations of this election have failed to show any mandate emerging from the contest. This re-analysis of election data from that contest, shows that both prospective and retrospective evaluations mattered, above and beyond the quality of leadership in the country. Moreover, the pattern of voting strongly suggests an elite-led pattern of issue concerns akin to that suggested by the ‘two-step flow of communications’. Those with the strongest pattern of issue concerns voted prospect-ively, while less committed partisans cast their ballots retrospectively.