The paper discusses the work of a heterosexual female analyst working with gay patients. Historic psychoanalytic perspectives regarding homosexuality are explored and three contemporary psychoanalytic myths are deconstructed. The first myth is that Freud's psychoanalytic theory was “gay affirming” or that he accepted homosexuality on an equal basis with heterosexuality. The second myth is the assignment of responsibility for anti-homosexual trends in psychoanalysis to Freud's early followers in the distant past. The third myth is that anti-homosexual views in recent psychoanalytic history are only limited to marginal individuals in the field. The paper also explores possible transference and countertransference issues that arise when both the therapist's and the patient's sexual orientations are considered to be integral parts of the therapeutic encounter.