If you are running Snow Leopard, turn on the Static Analyzer in your project.
Turn on NSZombieEnabled http://www.frogameleon.com/blog/last-night-an-iphone-zombie-nszombieenabled-saved-my-life
Review the other Debugging docs and use the tools Apple provides. http://developer.apple.com/iphone/library/documentation/Xcode/Conceptual/iphone_development/130-Debugging_Applications/debugging_applications.html