This conception of repression once fixed, together with the distortion of the dream in relation to repressed psychical matter, we are in a position to give a general exposition of the principal results which the analysis of dreams supplies. We learnt that the most intelligible and meaningful dreams are unrealized desires; the desires they pictured as realized are known to consciousness, have been held over from the daytime, and are of absorbing interest. The analysis of obscure and intricate dreams discloses something very similar; the dream scene again pictures as realized some desire which regularly proceeds from the dream ideas, but the picture is unrecognizable, and is only cleared up in the analysis. The desire itself is either one repressed, foreign to consciousness, or it is closely bound up with repressed ideas. The formula for these dreams may be thus stated: _They are concealed realizations of repressed desires_. It is interesting to note that they are right who regard the dream as foretelling the future. Although the future which the dream shows us is not that which will occur, but that which we would like to occur. Folk psychology proceeds here according to its wont; it believes what it wishes to believe. Dreams can be divided into three classes according to their relation towards the realization of desire. Firstly come those which exhibit a _non-repressed, non-concealed desire_; these are dreams of the infantile type, becoming ever rarer among adults. Secondly, dreams which express in _veiled_ form some _repressed desire_; these constitute by far the larger number of our dreams, and they require analysis for their understanding. Thirdly, these dreams where repression exists, but _without_ or with but slight concealment. These dreams are invariably accompanied by a feeling of dread which brings the dream to an end. This feeling of dread here replaces dream displacement; I regarded the dream work as having prevented this in the dream of the second class. It is not very difficult to prove that what is now present as intense dread in the dream was once desire, and is now secondary to the repression. There are also definite dreams with a painful content, without the presence of any anxiety in the dream. These cannot be reckoned among dreams of dread; they have, however, always been used to prove the unimportance and the psychical futility of dreams. An analysis of such an example will show that it belongs to our second class of dreams--a _perfectly concealed_ realization of repressed desires. Analysis will demonstrate at the same time how excellently adapted is the work of displacement to the concealment of desires.