The article uncovers similarities and differences in approaches to finding the meaning of life from the positions of V. Frankl’s existentialism and eudaemonism. In order to illustrate provisions of the letter we used «Personally –oriented concept of happiness», which was developed by the author of the article. It is shown the status of values, which V. Frankl gave to pleasant emotions, serves as a paradoxical proof of hedonistic orientation of logotherapy.
