Using Kohut's paper, “Forms and Transformations of Narcissism,” as a template, I propose that recent empirical infant research provides a basis for updating and detailing the process of transformation in treatment. Kohut's mature forms of narcissism—empathy, humor, creativity, recognition of one's transience and wisdom—are not seen as goals of analysis but are placed within the ongoing therapeutic process, and present, more or less, throughout the treatment. Furthermore, it is proposed that rather than archaic narcissism, it is affect that is transformed. Specifically, three principles that are understood to organize experience in development (ongoing regulations, disruption and repair of ongoing regulations, and heightened affective moments) are key conceptual dimensions for understanding and revising the process of transformation as it occurs in psychoanalytic treatment. An illustrative clinical example is provided.