intrinsic nature of belief can be treated without reference to what makes it true or false. In the remainder of the present lecture I shall ignore truth and falsehood, which will be the subject of Lecture XIII. It is the intrinsic nature of belief that will concern us to-day. * This terminology is suggested by Meinong, but is not exactly the same as his. (2) We must distinguish between believing and what is believed. I may believe that Columbus crossed the Atlantic, that all Cretans are liars, that two and two are four, or that nine times six is fifty-six; in all these cases the believing is just the same, and only the contents believed are different. I may remember my breakfast this morning, my lecture last week, or my first sight of New York. In all these cases the feeling of memory-belief is just the same, and only what is remembered differs. Exactly similar remarks apply to expectations. Bare assent, memory and expectation are forms of belief; all three are different from what is believed, and each has a constant character which is independent of what is believed. In Lecture I we criticized the analysis of a presentation into act, content and object. But our analysis of belief contains three very similar elements, namely the believing, what is believed and the objective. The objections to the act (in the case of presentations) are not valid against the believing in the case of beliefs, because the believing is an actual experienced feeling, not something postulated, like the act. But it is necessary first to complete our preliminary requisites, and then to examine the content of a belief. After that, we shall be in a position to return to the question as to what constitutes believing.