We studied the acquisition of the ordinal meaning of number words and examined its development relative to the acquisition of the cardinal meaning. Three groups of 3-, 4-, and 5-year-old children were tested in two tasks requiring the use of number words in both cardinal and ordinal contexts. Understanding of the counting principles was also measured by asking the children to assess the correctness of a cartoon character's counting in both contexts. In general, the children performed cardinal tasks significantly better than ordinal ones. Tasks requiring the production of the number for a given quantity or position were solved more accurately than those testing the ability to select a set of n objects or the object in the nth position. Different profiles were obtained for the principles; those principles shared by the two contexts were mastered earlier in the cardinal context. Regarding order (ir)relevance, older children adhered to rigid ways of counting, producing better results in the ordinal context and incorrect rejections in the cardinal trials. Altogether, our data indicate that the acquisitions of cardinal and ordinal meanings of numbers are related, and cardinality precedes the development of ordinality.