To investigate the relationship between memory performance, self-assessment of memory, and affective status, 67 elderly females were administered a self-assessment memory questionnaire and multiple measures of affect and laboratory memory tet performance. Canonical correlations indicated that the memory performance scores were not related to the affective measures nor to the scales of self-assessed memory ability. Affective status and self-assessment of memory skill were related, suggesting that investigations of memory performance which rely on self-assessment should also measure affective status.