The problem of de re modality is how, if at all, one can make sense of it. Most who have discussed this problem have assumed that modality de dicto is relatively unproblematic. It is, rather, the interpretation of sentences involving, within the scope of modal operators, singular terms or free variables which is thought to give rise to grave—and in the view of some, insuperable—difficulties. Quine has two arguments against the intelligibility of de re modality: a “logical” and a “metaphysical” one. That the “logical” argument is central to Quine’s attack is surely indisputable. But my claim that it is his basic argument is, in effect, denied by Kit Fine. I can (and do) agree with Fine that there are some significant differences between the two arguments. The most important question, for my purposes, is whether he is right to claim that the two arguments have force independently of one another.