We examined Finns' and bilingual Swedish-Finns' stereotypes regarding personality differences between Finns and Swedish-Finns and compared them with their respective self-ratings. Stereotype ratings by both groups converged on depicting Swedish-Finns as having a more desirable personality. In-group bias also influenced stereotypes. Contrary to predictions based on the Stereotype Content Model, out-group stereotypes were not compensatory. Consistent with the kernel of truth hypothesis of national stereotypes, Swedish-Finns' aggregate self-ratings resembled their stereotype of personality differences between the two groups, and their personality self-ratings were more desirable than Finns' self-ratings. Tentatively suggesting the occurrence of cultural frame shifting, the resemblance between Swedish-Finns' self-ratings and their stereotype of Swedish-Finns was, although only marginally statistically significantly, somewhat stronger when the self-ratings were provided in Swedish.