The aim of this study was to compare the effects of music and lyrics on personality, mood and emotion. This study also sought to investigate relationships between personality traits and preferences of music genres. Ninety six participants were assigned to three groups (music, lyrics, music & lyrics). After completing a set of questionnaires including the Big Five Inventory (BFI), and the Positive and Negative Affect Schedule (PANAS), the groups commenced a listening session. Participants were then re-administered the BFI, the PANAS and completed the Geneva Emotional Music Scale. The results show that music produced significantly greater changes in the short-term self-reported experience of personality traits, and significant relationships were revealed between personality traits and preferences for music genres.