The propositional content of a reference is the proposition attributing to the referent the properties that correspond to the nouns and modi ers in the reference (for example, the propositional content of`Mary' is that the referent is named`Mary'). During language comprehension, the hearer or reader must determine the set of beliefs with respect to which the propositional content of a reference is to be understood. In the prototypical case, this set consists of the propositions that she believes that the speaker or writer believes that she and the speaker or writer mutually believe. This paper identi es two contexts in which the propositional content of a speci c reference is not understood with respect to this set| subjective and objective sentences in third-person ctional narrative text|and identi es some implications of this for understanding speci c references in these contexts.A speci c reference has a propositional content|the proposition attributing to the referent the properties that correspond to the nouns and modi ers in the reference. For example, the propositional content of`Mary' is that the referent is named`Mary', the propositional content of`the car' is that the referent is a car, and the propositional content of`he' is that the referent is male. During language comprehension, the recipient (the hearer or reader) must determine the set of beliefs with respect to which the propositional content of a reference is to be understood. In the prototypical case, this set consists of the propositions that she believes that the producer (the speaker or writer) believes that she and the producer mutually believe. This paper identi es two contexts in which the propositional content of a speci c reference is not understood with respect to this set|subjective and objective sentences in third-person ctional narrative text|and identi es some implications of this for understanding speci c references in these contexts.This work has grown out of the work in philosophy (e.g., Castañeda 1970), linguistics (e.g., Fodor 1979), and arti cial intelligence (e.g., Rapaport 1986) on the interpretation of references in opaque contexts. Opaque contexts are the objects of sentences with third-person subjects and with main verbs that are either propositional-attitude verbs, such as`believe', know', and`hope', or other psychological and perceptual verbs, such as`want',`hate', and see'. Under one interpretation of such a sentence (the de dicto as opposed to the de re one), the propositional content of references in the object are understood with respect to the beliefs of the subject of the sentence. As we shall see, references in subjective sentences have a similar property, even in those that do not have the syntactic form described above.In section 2, I provide background information about subjective sentences in third-person narrative text. Sections 3, 4, and 5 identify the set of beliefs with respect to which the propositional content of a speci c reference is understood in conversation, objective sentences, and subjective sen...