The article suggests lingvo-cognitive analysis of folktale discourse. Folktale discourse is a special type of discourse, characterized by its focus on children’s education on the one hand, and by its ability to reveal collective ideas of the people on the other hand. 27 Siberian folktales and legends from R. Latypova’s book “Tales and Legends of Siberia” constitute the material for the research. The author makes a supposition that it is a conflict situation and ways of its resolving that most fully reveal national world outlook. Having analyzed the material of the research the author comes to the conclusions that such concepts as LABOUR, KINDNESS, OBEDIENCE/DISOBEDIENCE, CUNNING and FIGHT form the concept sphere of Siberian folktale discourse. The author states the following universalities of Siberian folktales: magic heroes, magic knowledge and transformations. Siberian folktales have also a peculiar feature: they often use generalization to explain some phenomena of nature and environment.