Do mildly depressed individuals make different judgments about personally relevant events than their normal peers? Previous studies have examined this issue in regard to predictions: the present study considers whether these predictions correspond to recall of past events. Dysphoric and normal subjects made predictions about positive and negative events in their personal and academic worlds, and indicated whether these same events had occurred in the previous four weeks. Subjects' reports a month later demonstrated that the normal group recalled, predicted, and subsequently reported more positive than negative events, whereas the dysphoric group recalled, predicted, and later reported an equivalent number of positive and negative events. The normal subject appear to believe that their life consists of more positive happenings than negative, whereas the dysphoric subjects perceive the future and the past as involving similar proportions of positive and negative events.