The neuromodulator dopamine is important for motivated behavior. Past research provides evidence that dopamine neurons encode the expected value of reward-predicting stimuli in situations with a single option. The current project investigated dopamine transmission when multiple options are present, as previous studies have arrived at conflicting conclusions. One study found that dopamine neurons encode the value of the subsequently chosen option, regardless of the expected value of the option foregone; whereas the other concluded that dopamine neurons encode the value of the greater available reward, regardless of which option was actually chosen. To address this discrepancy, we recorded changes in nucleus accumbens dopamine concentration using fast-scan cyclic voltammetry in rats performing a decision-making task in operant chambers. Sessions included single-option trials intermixed with choices between two options that differed in reward size (number of food pellets) and effort requirement (number of lever presses). When rats were presented with a low-reward/low-effort option (1 pellet for 4 presses) and a high-reward/intermediate-effort option (4 pellets for 8 presses), they preferred the high-reward/intermediate-effort option. In separate sessions, when presented with the low-reward/low-effort and a high-reward/high-effort (4 pellets for 32 presses) options, the rats preferred the low-reward/low-effort option. Preliminary voltammetry results from single option trials suggested that dopamine release was greater following the presentation of the high-reward/intermediate-effort option compared to the presentation of the low-reward/low-effort option. In the other session type, however, dopamine concentration did not differ between the high-reward/high-effort option and the low-reward/low-effort option. In two-option choice trials, dopamine release associated with each reward/effort combination was similar to that in the corresponding single-option trials. Thus far, these results are more consistent with the claim that dopamine encodes for the option subsequently chosen, but the interaction between behavioral preference and encoding of expected reward value requires further investigation.