This is a study of the syntax and semantics of reports containing speech-act and propositional attitude verbs with quotational complements. I make the case that while the quotational complements of some verbs, including _utter_, are nominal and metalinguistic, those of others, including _assert_ and _believe_, are clausal and nonmetalinguistic. Quotational reports with ‘say’ are ambiguous. When quotational complements are clausal, they are like _that_-clauses in being subordinate content clauses with main-clause form. Unlike _that_-clauses, quote-clauses force deictic shift and are unambiguously (...) opaque. I also argue that quotation marks serve a different function in “mixed” reports, and that use of the traditional “direct” and “indirect” is not consistent with their traditional definitions. (shrink)