Two experiments examined at what stage contrast effects occur within the impression-formation process. University students rated the likability of persons described by 5 trait adjectives, with the distribution of trait adjectives manipulated between Ss. Theoretically, contextual stimuli may affect the valuation of component traits before integration, a preintegration model, or they may affect the valuation of the composite impression after the components have been integrated, a postintegration model. Context was manipulated so that the preintegration model predicted an interaction between context and target, but the postintegration model did not. The predicted interaction was replicated several times, supporting preintegration processing of contextual information. However, when subjects were divided into fast and slow judges (on the basis of judgment latencies), the pattern of results supported preintegration contrast for fast judges and postintegration contrast for slow judges. These results support the conclusion that contrast effects may operate at different levels in impression formation.