According to McAdams and Pals, American Psychologist, 61(3), 204-217 (2006), personality is not only expressed through traits but also through characteristic adaptations, including values. In the present study we analyze how two aspects of personalitytemperament traits (Strelau 2008) and values (Schwartz 2007)-are related to hedonic and eudaimonic well-being. Earlier studies showed that temperament is linked to hedonic well-being, but the links between values and hedonic well-being are unclear. There is only little data on how traits and values are linked to eudaimonic well-being. We hypothesised that traits predict hedonic wellbeing, while values predict eudaimonic well-being because the roots of eudaimonia require the realization of one's potential that may be achieved through realization of value related goals, while hedonic well-being is more closely linked to stable differences in emotionality. 130 adults reported on their temperament, values, hedonic and eudaimonic well-being. We conducted hierarchical regressions for each well-being component. All components of hedonic well-being (positive affect, negative affect and satisfaction) were predicted by temperament only, while eudaimonic well-being was predicted by temperament and by value dimensions: positively by Openness to change, Self-transcendence, Conservation and negatively by Self-enhancement. This shows that mechanisms governing the experience of well-being are attached to at least two levels of personality-one stable and partly linked to human biology and the other to a culturally determined set of individual values. It also shows that the experience of eudaimonia relies on culturally acquired values, while hedonia may be determined more by temperamental dimensions.