The present paper attempts to examine how Saussure finds meaning in the linguistic structure and at the same time to point out to the limitation of the Saussrean conception of language, which, in my opinion, is restricted to a relatively static view of meaning. Saussure argues that meaning rests on the value of signs, which in turn derives from the interactions among difference, negation, syntagm and association. Saussure fails to pay adequate attention to the interactions among object, person and sign and therefore the influence of context.