1990 Original With Custom Inner Sleeve. "The Caution Horses" is the fourth studio album by Canadian alternative country band Cowboy Junkies. The album was produced by Michael Timmins, the band's guitarist and primary songwriter. "The Caution Horses" received critical acclaim upon its release and helped to further establish Cowboy Junkies as a prominent alternative country band. The album features a mix of original songs and covers, including a version of Bruce Springsteen's "State Trooper."

In 1991, the album was nominated for a Juno Award for Best Roots & Traditional Album – Group. It has since been included on several "best of" lists, including Rolling Stone's list of the 100 Best Albums of the 1980s.

Overall, "The Caution Horses" is considered a landmark album in the alternative country genre and a key release in Cowboy Junkies' discography.