A corrosion probe assembly for use in measuring corrosion and deposition rates for test specimens in corrodant electrolyte solutions is disclosed. The probe is designed for versatility, simplicity of construction, and serviceability and comprises a heated (hot) test specimen and, preferably, an unheated (cold) test specimen. Thus, the effects of heat load on the corrosion rates and on the deposition rates on various metallic surfaces can be readily determined. By sensing the inside temperature of the hot test specimen and the corrodant temperature, the heat transfer coefficient across the hot test specimen can readily be measured.