Since 1985, political and military relations between the United States and New Zealand have been ruptured over the issue of American nuclear ship visits and nuclear power generally. In this paper, I review the nature of the ANZUS dispute, analyze the impact of this rupture in several different policy areas between the two countries, and discuss the recent events in New Zealand-United States relations that have begun to alter this situation. In particular, I focus on the apparent emergence of a dual track policy of closer political cooperation between the two countries, even as the security relationship remains fissured. Such a policy is hardly without precedent: The United States has long tolerated a dual track policy toward France and NATO. While some initiatives have been undertaken by the Clinton administration, greater efforts by both sides will still be necessary for restoration of full ties between the two nations. Further progress in the relations between New Zealand and the United States, however, will likely have to await the 1996 elections in both countries.