High-precision strain was observed with a borehole dilational strainmeter in the Devil's Punchbowl during the 11:58 UT 28 June 1992 MW 7.3 Landers earthquake and the large Big Bear aftershock (MW 6.3). The strainmeter is installed at a depth of 176 m in the fault zone approximately midway between the surface traces of the San Andreas and Punchbowl faults and is about 100 km from the 85-km-long Landers rupture. We have questioned whether unusual amplified strains indicating precursive slip or high fault compliance occurred on the faults ruptured by the Landers earthquake, or in the San Andreas fault zone before and during the earthquake, whether static offsets for both the Landers and Big Bear earthquakes agree with expectation from geodetic and seismologic models of the ruptures and with observations from a nearby two-color geodimeter network, and whether postseismic behavior indicated continued slip on the Landers rupture or local triggered slip on the San Andreas. We show that the strain observed during the earthquake at this instrument shows no apparent amplification effects. There are no indications of precursive strain in these strain data due to either local slip on the San Andreas or precursive slip on the eventual Landers rupture. The observations are generally consistent with models of the earthquake in which fault geometry and slip have the same form as that determined by either inversion of the seismic data or inversion of geodetically determined ground displacements produced by the earthquake. Finally, there are some indications of minor postseismic behavior, particularly during the month following the earthquake.