Abstract. The natural interpretation of counterfactuals with disjunctive antecedents involves selecting from each of the disjuncts the worlds that come closest to the world of evaluation. It has been long noticed that capturing this interpretation poses a problem for a minimal change semantics for counterfactuals, because selecting the closest worlds from each disjunct requires accessing the denotation of the disjuncts from the denotation of the disjunctive antecedent, which the standard boolean analysis of or does not allow (Creary and Hill 1975, Nute 1975, Fine 1977, Ellis et al. 1977).This paper argues that the failure to capture the natural interpretation of disjunctive counterfactuals provides no reason to abandon a minimal change semantics. It shows that the natural interpretation of disjunctive counterfactuals is expected once we refine our assumptions about the semantics of or and the logical form of conditionals, and (i) we assume