This study examined the relationship between perceptions of intellectual functioning and measures of cognitive abilities, personality variables and sociodemographic information. One hundred and fifty-two older community residing adults were asked to define their perception of intelligence by completing a questionnaire that asked the extent to which a variety of tasks are: functionally important, contribute to feelings of intellectual vitality and are the object of worry or concern. They also estimated their skill at performing each task. The hypothesis that cognitive abilities would best predict perceptions of cognitive functioning was moderately supported. Personality variables, specifically anxiety, were more predictive of the meaning variables than abilities.