Perceptual masking was studied under binocular and dichoptic conditions in order to separate peripheral and central interference effects. Under binocular conditions, when the test flash (TF) and the blanking flash (BF) fell on both retinas, both retroactive and proactive masking were demonstrated. Under dichoptic conditions, when the TF fell on one eye and the BF on the other eye, thus eliminating opportunity for intraretinal interference, there was partial retroactive perceptual masking and no proactive masking. These results suggest that binocular proactive masking is due to peripheral light adaptation, that binocular retroactive masking is due to both peripheral and central effects, and that dichoptic masking is due solely to central retrochiasmal interference. It is proposed that dichoptic retroactive perceptual masking affords a method of investigating central perception time, i.e., the time to consolidate a perceptual experience.