Central to the Interacting Cognitive Subsystems framework (ICS) is the assertion that meaning exists at both the propositional and implicational levels. This assertion was tested by having 26 first-year undergraduates make speeded judgements of emotional expression and emotional content in separate tasks on 120 single recorded words. Propositional meaning was represented by the content of the words while implicational meaning was conveyed by the expression of the word. In two tasks, participants decided whether the content or the expression of the word was emotional or neutral. In the expression task main effects were found for expression but not for content. In the content task main effects were found for both content and expression with an interaction between the two factors. Some congruency effects were evident in both tasks. Predictions of the framework concerning the independent processing and eventual integration of these two levels of meaning were partially supported. The significance of separating conceptual and schematic processing for other models of multilevel cognitive processing is addressed.