The purpose of the study was to examine the correlates of precognitive dream belief and experience, and ascertain their relative influence on the phenomena. Fifty participants completed questionnaire and task measures of precognitive dream belief and its correlates. Contrary to the predicted hypotheses, those who had experienced a perceived precognitive dream did not have poorer recall or better implicit awareness abilities than those who had not experienced such a dream. While openness was not found to be higher in those with belief in precognitive dreams, neuroticism was found to significantly predict belief. This was shown to be a negative relationship, suggesting those with precognitive dream belief are less neurotic than those without. Intuitive thinking style was shown to be significantly higher in individuals with belief in and perceived experience of precognitive dreams. No significant differences were observed between either analytical thinking style or IQ and precognitive dream belief or experience. This reliance on intuition is suggested more prominent than conceptual, rational thinking in the establishment of belief and perception of experiences in precognitive dreams. The implications of the findings are discussed with reference to previous research. Aspects of the study design, such as measurement of correlates and applied methods, are also considered.