First draft is longhand on a manilla pad. I usually go through three drafts. At that point I type it into the computer. Then it gets sent off to my wife (editor-in-chief!). What comes back usually isn't pretty. The process repeats until I am either satisifed (unlikely), frustrated (quite likely), or sick-to-death of the entire story (rare, but it does happen). If I'm satisfied with the story, I send it off. If I'm sick of it, it gets consigned to the shredder. Otherwise I put the story away for several months, then pluck it out and edit it again. It takes a long time, but I usually end up with something I like!