The ambiguous role of estrogen in emotional learning may result from opposing actions of estrogen receptor ␣ (ER␣) and ER. Using a fear-conditioning paradigm called the AXϩ, BXϪ discrimination, in which cue A comes to elicit fear and cue B becomes a safety signal, we examined the effect of 17-estradiol (E) and selective ER␣ and ER agonists on excitatory and inhibitory fear learning. Gonadectomized (GDX) male and female rats implanted with E or selective ER␣ or ER agonists were trained on the AXϩ, BXϪ discrimination and tested periodically to A, B, and AB. GDX sham-implanted male and female rats and GDX E-implanted males, but not GDX E-implanted females, exhibited less fear to AB than to A, suggesting that estrogen interferes with generalization of safety signals in female rats. ER␣ and ER agonists disrupted discrimination learning in both sexes. ER␣-implanted groups had higher fear responses to all cues than did ER-implanted groups, suggesting that these two receptors have opposing effects in aversive discrimination learning. In contrast, neither E nor ER␣ and ER agonists affected single-cue fear conditioning in either sex. These data suggest that E does not enhance fear in emotional learning but acts to disrupt the inhibition of fear in females only.