Abstract
Modal fictionalists propose to defuse the unwanted ontological commitments of modal realism by treating modal realism as a fictional story, and modal assertions as assertions, prefixed by a fictionalist operator, that something is true in that story. However, consideration of conditionals with modal antecedents raises the problem ofembedding, which shows that the simple prefixing strategy cannotsucceed. A compositional version of the fictionalist strategy isdeveloped and critiqued, and some general semantic morals aredrawn from the failures of both strategies.