In thinking of “masculinity and femininity today” I have considered two questions: first, what do we understand by masculinity and femininity in current psychoanalytic terms, to what extent both characteristics are present in each individual, and how we can recognise these characteristics in patients of both sexes?; and second, taking into account “masculinity” and “femininity” as present in the analyst—male or female—how does this reflect in his/her analytic work and what limitations may be implied in the development of the “feminine” analytic function in a male, and vice versa?