I develop a challenge for the view that 'believe' is a propositional attitude verb based on two observations: (i) 'believe' can embed 'in O', and (ii) 'in O' does not denote a proposition. To develop my challenge, I argue (section 2) that 'believe' is not homonymous or polysemous between a propositional belief-that and non-propositional belief-in interpretation, and (section 3) that type-shifting 'in O'’s denotation to a proposition falsely predicts that belief-in and belief-that reports are equivalent.