We examined the hypothesis (Ono & Wade, 1985) that occlusion of far stimuli by a near one on the same visual line can operate as a depth cue in stereograms containing different numbers of targets in the two eyes. By controlling eye positions, we created conditions in which the visual system could interpret the retinal images as originating from stimuli on the visual axis of one eye and also created other conditions in which the origin of the retinal images was ambiguous. In Experiment 1, we presented two lines to one eye and a single line to the other eye. When the image of the line on the temporal side of the line pair on one retina fused with the image of the single line on the other retina, the nonfused line appeared farther away more often than it did when the image on the nasal side fused. In Experiment 2, we used two differently shaped stimuli. In the condition in which the nonfused stimulus represented an object being occluded, it appeared farther away more often than in the four conditions in which it did not. In Experiment 3, we extended the idea to three different objects. When the middle of the three images fused with the single image, the nonfused stimulus appeared farther when it could be interpreted as being occluded than when it could not. In the condition in which the most temporal image fused with the single image, the nonfused stimuli appeared farther than in the condition in which the most nasal one fused. The results supported the hypothesis that occlusion plays a role in depth perception in the Wheatstone-Panum limiting case.