In this paper Richard Jeffrey's ‘Logic of Decision’ is extended by examination of agents' attitudes to the sorts of possibilities identified by indicative conditional sentences. An expression for the desirability of conditionals is proposed and, along with Adams' thesis that the probability of a conditional equals the conditional probability of its antecedent given its consequent, is defended by informally deriving it from Jeffrey's notion of desirability and some weak constraints on rational preference for conditional possibilities. Finally a statement is given of a representation theorem establishing the conditions under which a rational agent's preferences for conditionals determines the existence of unique measures (up to choice of scale) of her degrees of belief and desire.