This paper extends a trivalent semantics for indicative conditionals to a language including the modal operators "might" and "must". Specifically, we combine Cooper's (1968) truth-functional, trivalent analysis of the conditional connective with Kratzer's (1986, 2012) idea that if-clauses restrict modal operators. By hard-wiring both trivalence and the restriction operation into the truth conditions of conditional-modal expressions, we obtain an attractive theory that yields plausible predictions for the interaction of conditionals and modals, explains the intuitive appeal of the Restrictor View and (...) avoids the typical problems of Kratzer-style accounts, especially regarding the probability of conditional-modal expressions. (shrink)