 When one reads the first edition of Brentano’s Psychology, the reduction thesis appears to be the backbone of Brentano’s theory of judgement. But that is in fact not so. In the second edition (1911) Brentano added several appendices, one of which is entitled “On genuine and fictitious objects” (PES appendix ix). Here Brentano recapitulates his theory of judgement and turns his back on the reduction thesis. Neither is it true, Brentano now says, that all categorical propositions can be transformed without change of meaning into existential propositions. Nor is it true that all judgements are of existential form.