The Semantics of Dynamic Conjunction Paul Dekker In this paper we argue that a formal discourse- or dialogue-oriented theory of interpretation does not presuppose a dynamic notion of meaning. For the compositional interpretation of anaphorical or other rhetorical relations in discourse, a richer notion of conjunction may be needed, but not a dynamic notion of meaning. The dynamics of interpretation can be understood to reside in the (classical) combination of the contents of various sentences which are located at different positions in discourse. We also argue that by shifting the focus towards the interaction between meaning and context, the dynamics of merging information can be fruitfully studied from a perspective more general than a strictly linear one. To be published in: Logic, Language and Computation III, ed: Jerry Seligman and Patrick Blackburn, CSLI, Stanford, forthcoming.