In 1988, a settlement agreement in a federal antitrust suit secured for psychologists the right to apply for training with the American Psychoanalytic Association (the American). It is the premise of this article that this victory for psychologists also confronted them with an ethical dilemma because the American has a history of discrimination against gay men and lesbians. This article explores the ethical predicament facing psychologists who wish to train as psychoanalysts. It concludes that it is incumbent upon them to be vigilant against future homophobia within the American and actively voice opposition to discriminatory attitudes or actions.