This essay explores Mary Shelley's fiction and writings about fiction as anticipating features of Freud's concept of psychical reality that in turn highlight the comparative tameness of his ideas on how creative writing affects phantasy and reality. It reads *Frankenstein* as a meditation on the construction of psychical reality and exposure of the dark sides of fiction's effects on the ego. This essay appears in _Romantic Psyche and Psychoanalysis_, a volume of _Romantic Circles Praxis Series_, prepared exclusively for Romantic Circles (http://www.rc.umd.edu/), University of Maryland.