Through close examination of the termination period during an intensive psychoanalytic psychotherapy, this paper attempts to focus attention on termination dreams, a neglected area of study. Dreams in this case are shown to outline a framework for the termination period, with specific dreams delineating the beginning, middle, and closing phases of the termination. Phase-specific dreams take on different tasks. Those of the beginning phase serve as a signal for termination. Dreams during the middle phase function as problem solvers, self regulators, and mechanisms of adaptation during this stressful period. In the closing phase dreams function to say good-bye and may give the therapist some indication of the success or failure of the termination period, and hence, of the therapy itself. In closing, this paper suggests that close attention to manifest dream analysis during termination may impede symptom re-emergence.