In considering mathematics problem solving as a model-eliciting activity (Lesh & Doerr, 2003; Lesh & Harel, 2003; Lesh & Zawojewski, 2008), it is important to know "what" students are modeling for the problems: situations or solutions. This study investigated Grade 3 students' mathematization process by examining how they modeled different types of multi-digit subtraction situation problems. Students' modeling processes differed from one problem type to another due to their prior experiences and the complexity of the problems. This study showed that students make their own distinctions between solution and situation models in their mathematization process. Mathematics curricula and teaching should consider these distinctions to carefully facilitate different model development of and support student understanding of a content topic. (Contains 6 tables and 8 figures.)