Hector‐Neri Castaüeda claimed in several papers that a proposition expressed by an indexical sentence (in a context of utterance) can be re‐expressed by means of an oratio obliqua clause (in a sentential context) that contains a quasi‐indicator. Robert M. Adams and Rogers Albritton have presented a counter‐argument that is accepted by Castaüeda himself. I will argue that the Adams/Albritton argument is not convincing: The argument uses several assumptions which could be disputed. The paper tries to develop a more direct argument (...) against Castaüeda's central claim. If Castaüeda's thesis is false, what then is achieved by quasi‐indexicals in oratio ubliqua? Adams and Castaüeda answer this question with a picture: the quasi‐indexical clause portrays an indexical proposition. I use Perry's idea that quasi‐indicators could be seen as expressions that bind special sense variables to give a less metaphorical account of the functioning of quasi‐indicators. Finally. I explore the consequences of this account for iterated knowledge‐ascriptions with quasi‐indicators and for truth‐conditional theories of meaning. (shrink)