It is argued that maladaptive, over-activated self-schema and source-monitoring failure within depression and anxiety may make an individual more prone to the false memory effect. Derived from Beck's cognitive theory it was speculated that a possible association with depression, anxiety and false memory creation, could be a pathological mechanism to explain the development and maintenance of these affective disorders. The available literature did not allow strong prediction to be made on the extent of false memory creation within depression and anxiety. The main reason is that there is few studies that have investigate this questions, and partly because the existent results is various. It was expected to replicate the mood-congruent effect within depression, though some recent research causes some warnings of this effect. In the present study sixty-seven participants filled out Beck Depression Inventory-II, Beck Anxiety Inventory, Creative Experiences Questionnaire and Dissociative Experience Scale in addition to a version of the Deese-Roediger-McDermott (DRM) paradigm. Twenty lists, 10 neutral and 10 depressive-related were presented to participants in sequence, following by a recognition task. The words in each list were associated with a central but unmentioned theme word that was either neutral or depressive-related. The results suggest that anxiety and depression is associated to false memory creation, but depression correlated only to recognition of neutral critical lures. There was no correlation with fantasy proneness in relation to false memories. Dissociation was associated with a false memory effect. Clinical and empirical implications of these findings and models are further discussed.