This article presents a theoretical and methodological framework for interactive dialogue and analysis of dream images in existential art therapy. In this phenomenological-existential approach, the client and art therapist are regarded as equal partners with respect to sharing in the process of creation and discovery of meaning (Frankl, 1955, 1969; Moon, 1995; Moustakas, 1994; Yalom, 1980). A brief outline of principles that underlie the processes of existential art therapy and dream analysis is provided. These principles guide the development of relationships between art therapists and clients, and with visual artworks depicting dream images. The procedures involved in interacting with dream imagery as presented in this article offer a depth-oriented technique that can be utilized in both brief focal therapy and in ongoing therapeutic relationships. (Contains 2 figures.)