Abstract
I develop a problem for the Fregean Reference Shift analysis of that-clause reference. The problem is discussed by Stephen Schiffer in his recent book The Things We Mean (2003). Either the defender of the Fregean Reference Shift analysis must count certain counterintuitive inferences as valid, or else he must reject a plausible Exportation rule. I consider several responses. I find that the best response relies on a Kaplan-inspired analysis of quantified belief reports. But I argue that this response faces some serious problems.