We very recently subjected a number of dreams to interpretation, but left wish-fulfillment entirely out of consideration. I am convinced that the question again and again occurred to you: "What about wish-fulfillment, which ostensibly is the goal of dream-work?" This question is important. It was, in fact, the question of our lay-critics. As you know, humanity has an instinctive antagonism toward intellectual novelties. The expression of such a novelty should immediately be reduced to its narrowest limits, if possible, comprised in a commonplace phrase. Wish-fulfillment has become that phrase for the new dream-science. The layman asks: "Where is the wish-fulfillment?" Immediately, upon having heard that the dream is supposed to be a wish-fulfillment, and indeed, by the very asking of the question, he answers it with a denial. He is at once reminded of countless dream-experiences of his own, where his aversion to the dream was enormous, so that the proposition of psychoanalytic dream-science seems very improbable to him. It is a simple matter to answer the layman that wish-fulfillment cannot be apparent in distorted dreams, but must be sought out, so that it is not recognized until the dream is interpreted. We know, too, that the wishes in these distorted dreams are prohibited wishes, are wishes rejected by the censor and that their existence lit the very cause of the dream distortion and the reason for the intrusion of the dream censor. But it is hard to convince the lay-critic that one may not seek the wish-fulfillment in the dream before the dream has been interpreted. This is continually forgotten. His sceptical attitude toward the theory of wish-fulfillment is really nothing more than a consequence of dream-censorship, a substitute and a result of the denial of this censored dream-wish. To be sure, even we shall find it necessary to explain to ourselves why there are so many dreams of painful content, and especially dreams of fear. We see here, for the first time, the problem of the affects in the dream, a problem worthy of separate investigation, but which unfortunately cannot be considered here. If the dream is a wish-fulfillment, painful experiences ought to be impossible in the dream; in that the lay-critics apparently are right. But three complications, not thought of by them, must be taken into consideration.