deleting from array list

[sarris]

Hi there,
I have this loop to delete elements from an arraylist

For i = 0 To myarraylist.count - 1
            If some_statement Then
                myarraylist.removeat(i)
            End If
        Next

Is there any risk of having index out of range, as the arraylist gets smaller??
Basicaly the question is if the compiler sets the number of loops at the beggining or checks the myarraylist.count - 1 after every loop...Thanks