Two studies investigated relations of value priorities to measures of subjective wellbeing. Samples of students and adults, from Israel and former East and West Germany (N 1261), participated in Part I. Hypothesized direct relations of nine types of values to well-being, based on `healthy' values from the psychotherapy literature, relations of values to needs, self-determination theory, and the emotional resources needed to pursue various values were tested in each sample. Achievement, self-direction, stimulation, tradition, conformity and security values correlated with aective wellbeing, as predicted, but not with cognitive well-being. Part II tested the hypothesis that well-being depends upon congruence between personal values and the prevailing value environment. Results largely supported speci®c hypotheses regarding the values conducive to positive and negative well-being among students of business administration (n 40) and psychology (n 42). Hypotheses were derived from the social sanctions, environmental aordances for value attainment, and internal value con¯icts likely to be experienced in each department.