The author offers the readers an interview with the well-known French historian, the last director of the Institute of the French Revolution History, professor Pierre Serna, who tells about the Institute which he headed sometime and which is closed now, about his researches, about the current state of French studies on the Revolution, about the crisis of identity experienced today by the Fifth Republic. Particular attention is paid to such a long time neglected topic as the consolidation of national institutions in the era of the Directory, and the one, on the contrary, widely discussed as a phenomenon of Terror, which is explained by Pierre Serna with the traditional Republican “theory of circumstances”.