Routley?s Formula says, for instance, that if it is believed there is a man then there is something which is believed to be a man. In this paper I defend the formula; first directly, but then by looking at work by Gensler and Hintikka against it, and at the original work of Routley, Meyer and Goddard for it. The argument ultimately reduces to a central point about the extensionality of objects in Routley, Meyer and Goddard?s intensional system, i.e. in its (...) formulation of transparency. (shrink)