IT IS WELL KNOWN that both traditional, historically orientated, literary criticism and new-critical studies were inseparable from a belief in the “unity” of meaning – a belief in the existence, below the multicolored surface of the literary text, of a single semantic center, which unifies the text and turns it into an “organic whole.” Similarly, Russian Formalists and Prague Structuralists, though critical of the notion of the “organic whole” and its use in art criticism by the Neo-Romantics and the Symbolists, never questioned the alleged semantic unity of the literary text. An alternative approach to the problem of meaning was developed in the early books of Michel Foucault and conceptualized in his Archeology of Knowledge; he described meaning as “dispersal” and “dissemination.” A little later, in Dissemination and On Grammatology, Jacques Derrida radicalized Foucault's position by questioning the existence of clear-cut boundaries for Foucault's semantic “dissemination,” and he applied this notion in both philosophy and literary criticism. The resultant polemics between the two major approaches to the problem of the organization of meaning in the literary text caused the extreme polarization of literary studies; moreover, this polemics was often based on the tacit assumption that there exist only these two possibilities of the formal description of such organization: it should be described as either “unity” or “dissemination.” At the same time, from the logical, a priori, point of view, these terms describe only the poles of possible organization of meaning; moreover, practical criticism tends to show that both pure “unity” of meaning and its pure “dissemination” are very rarely found in literary texts. Thus, it seems to me, that those scholars who work in the field of literary criticism and cultural theory should attempt to create more complex and more precise models of the organization of meaning, which will transcend the dichotomy of “unity” and “dissemination.” One of these such models, the model of “semantic counterpoint,” is described and exemplified in this paper.