Versions of the following papers were presented at the panel “Psychoanalytic Classics Revisited: Hans Loewald's ‘On the Therapeutic Action of Psychoanalysis’” (Gerald I. Fogel, chair) at the meetings of the American Psychoanalytic Association, December 1993. As a tribute to Loewald's lifetime of achievement, and in belated recognition of his preeminent position in the field of psychoanalysis, the exchange appears here almost in its entirety, rather than as a conventional panel report.