Two studies were conducted in order to examine biases in the interpretation of negative social events among socially anxious individuals. Results showed that social anxiety was associated with the tendency to believe that negative social events: would result in negative evaluation by other people; were actually indicative of negative personal characteristics; and would have adverse consequences in the long-term future. Although other types of anxiety were not independently associated with such beliefs, comorbid depression among individuals with social phobia was associated with further increases in these interpretative biases. The findings are consistent with theories suggesting that maladaptive interpretations of negative social events represent central cognitive biases in social phobia, but suggest that these interpretations are also associated with depression.