In three human causal learning experiments we investigated the role of within-compound associations in learning about absent cues versus learning about present cues. Different theoretical approaches agree that within-compound associations are essential for learning about absent cues-that is, for retrospective revaluation. They differ, however, with regard to the role of within-compound associations for learning about present cues-that is, for direct learning. A memory test was used to assess within-compound associations. Experiment 1 used a blocking/release from overshadowing design, Experiment 2 used a conditioned inhibition design, and Experiment 3 used a higher-order cue selection design. In all experiments, first-order retrospective revaluation was significantly correlated with within-compound associations, but no significant correlations were found for the direct learning conditions. In addition to this, second-order retrospective revaluation in Experiment 3 was positively correlated to joint knowledge of first-order and second-order within-compound associations. Furthermore, cue selection effects were stronger for direct learning conditions than for retrospective learning conditions. These results are at variance with the comparator hypothesis but are in agreement with a modified associative theory and with the suggestion that retrospective revaluation might be due to rehearsal processes.