How does your pet react around wild animals?

My cats are free ranging and I have watched them stalking all kinds of small wild animals.

One tabby, in particular, is very keen on squirrels. There is a fruit tree near the house which attracts quite a few squirrels everyday. So the tabby would sit patiently on a woodpile near the tree and wait for the squirrels to come. She doesn't catch one all the time, though. Sometimes she will bring me the tail as some kind of present.