--- - |2 “I”‐thought is often taken to have a special cognitive significance, with “I” symbolising a subjective way of thinking about oneself that is inapt for communication. In this paper I argue that the way one thinks of oneself in “I”‐thought is immaterial to the meaning of “I,” for in general the psychological role associated with a referential expression is separable from its meaning. With respect to “I,” I suggest that its meaning consists in an interpersonal way of fixing its reference in a context, which is accessible to the speaker and the hearer. Consequently, “I” would have a dual cognitive significance. - Mind & Language, EarlyView.