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In this paper, after noting the history of the development of the concept of transference and its application in clinical pratice, I offer a resume of some major criticisms of the concept. I pay special attention to a critique which may be made from an existential phenomenological perspective. I evaluate the current status of the concept of transference in clinical practice, arguing that the concept of transference should be retained, but placed on a sounder phenomenological footing, as advocated by authors such as May (1961, 1967), Boss (1963, 1979) and Binswanger (1962, 1963).