Abstract Introduction Dream content is typically measured using self-reports which draw heavily on psychoanalytic theory. There is a need for a modern, reliable, validated, and comprehensive measure of dream content and experience. The DIAMONDS taxonomy has been developed and extensively validated by social/personality psychologists to assess psychologically salient features of waking situations. According to the continuity hypothesis, dreams reflect waking life; thus, this measure may also provide valuable information for dream content. We are adapting and validating this measure for dream content using self-reports and external raters. Methods We have begun an extensive construct validation process to adapt the DIAMONDS for dreams, including an extensive literature search and the development of a large item pool. Then, in a first preliminary study (N = 55), we examined the substantive validity by having an external rater code participants’ dream narratives using the adapted DIAMONDS. Next, in a second preliminary study from an online sample (N = 74), participants self-rated their own dream narratives using the adapted DIAMONDS. Results We developed a preliminary item pool (41 items) covering five proposed dream-specific factors: dream continuity, plausibility, clarity, memory degradation, and physiology. These items were added to the existing DIAMONDS. Results of the first preliminary study suggest all original DIAMONDS items have appropriate distributional properties when used to assess dream content; 20 of the newly developed items had abnormal skew and/or kurtosis. Items were modified; results of the second study show an improvement in the distributional properties of the adapted items. Notably, participants in the second study did not report an element of their dreams as being missing from the adapted DIAMONDS measure. Conclusion Thus far, we have gathered preliminary substantive validity evidence for the adapted DIAMONDS for dream content. Moving forward, we will evaluate whether the adapted measure predicts next day affect in a larger sample (predictive validity). In the long term, we hope to gather enough substantive, structural, and external validity evidence to validate the adapted DIAMONDS for dream content and experience. Support (if any) P30 GM114748