Ground-based polarimetric radar observations along the beam path of the Tropical Rainfall Measuring Mission (TRMM) Precipitation Radar (PR), matched in resolution volume and aligned to PR measurements, are used to estimate the parameters of a gamma raindrop size distribution (RSD) model along the radar beam in the presence of rain. The PR operates at 13.8 GHz, and its signal returns can undergo significant attenuation due to rain, which requires compensation to adequately assess the rain rate. The current PR algorithm used for attenuation correction of the reflectivity is cross-validated using ground-based dual-polarization radar measurements. Data from the Texas and Florida Underflights (TEFLUN-B) campaign and TRMM Large-scale Biosphere Atmosphere (LBA) experiment are used in the analysis. The statistical behavior of the raindrop size distribution parameters are presented along the vertical profile through the rain layer, which is used to evaluate the PR attenuation correction and rainfall algorithms. The PR rain rate estimates are compared to ground radar estimates. The standard error of the difference between the rainfall estimates from PR and ground radar was within the error of the rainfall estimates from the two instruments. Though no systematic differences between PR attenuation-corrected reflectivity and ground radar reflectivity measurements are observed, there may exist some undercorrection and overcorrection on a beam-by-beam basis. Comparison of the normalized reflectivity versus rainfall relation between PR and ground polarimetric radar is also presented.