Abstract: An air conditioning cooling coil and its associated drain pan are positionable in either a vertical or horizontal air flow orientation. With the drain pan in its vertical air flow orientation, generally horizontally disposed drainage trough portions of the drain pan around its periphery are sloped relative to one another in a manner such that all coil condensation received in the troughs flows by gravity therethrough into a downwardly projecting condensate well and outwardly through an outlet opening therein. When the drain pan is in its horizontal air flow orientation, the troughs are disposed generally in a vertical plane, and coil condensation falls on a specially designed horizontal drip shield, which may be connected to the pan without tools, separate fasteners or sealing material, and drains along the drip shield into one of the pan troughs for discharge from the main drain opening of the pan.