Racial differences in morale were analyzed for comparable samples of 721 black and 211 white residents of Philadelphia age 65 and over. A hypothesis suggesting blacks have lower morale than whites was derived from the literature and tested by regression analysis. The standardized partial regression coefficient was of negligible magnitude, and the hypothesis was rejected. Possible reasons for the failure of race to emerge as even a moderate predictor of morale include Messer's (1968) argument that elderly blacks view old age as a reward in itself and McCarthy and Yancey's (1971) contention that presumed racial differences in morale have received little actual empirical support.