The problem of the relationship between the subjective and the objective appears in its most distinctive form in the explanation of the phenomenon of consciousness. Is consciousness explicable in the frame of physicalist picture of the world? Does the existence of a subjective phenomenal experience imply a non-material aspect of consciousness? These are the fundamental questions of the presented paper. Its main aim is to answer the question, whether the subjective experience can be explained in reductive manner. In conclusion it inclines to the opinion, that a reductive explanation of experience, which does not deal with two autonomous entities - material and non-material ones -, but rather aims at a unified account of conscious experience in the frame of the physicalist theory, is possible.