In “Study of Concepts”, Peacocke puts forward an argument for non-conceptualism derived from the possession conditions of observational concepts. In this paper, I raise two objections to this argument. First, I argue that if non-conceptual perceptual contents are scenario contents, then perceptual experiences cannot present perceivers with the circumstances specified by the application conditions of observational concepts and, therefore, they cannot play the semantic and epistemic roles Peacocke wants them to play in the possession conditions of these concepts. Second, I (...) argue that if non-conceptual perceptual contents are protopropositions, then Peacocke’s account of the possession conditions of observational concepts falls into the Myth of the Given. (shrink)