Abstract
It is shown that one common formulation of Stalnaker's semantics for conditionals is incomplete: it has no sound and (strongly) complete proof system. At first, this seems to conflict with well-known completeness results for this semantics (e.g., Stalnaker and Thomason 1967; Stalnaker 1970 and Lewis 1973, ch. 6). As it turns out, it does not: these completeness results rely on another closely-related formulation of the semantics that is provably complete. Specifically, the difference comes down to how the Limit Assumption is stated. I close with some remarks about what this means for the logic of conditionals.