The article descries the study aimed at empirical verification of the two-factor model of relation of cognitive and emotional abilities. The model includes two parameters: type of information encoding (cognitive vs. emotional) and type of cognitive processes (convergent vs. divergent). One hundred and sixty two participants took part in the study and performed 9 tests. Each of the tests was aimed at evaluation of one of four abilities (cognitive intelligence, cognitive creativity, emotional intelligence, and emotional creativity). The 4-factor linear structural model was constructed with the latent factors corresponding to abilities mentioned above and the manifest variables corresponding to the respective test scores. The model showed a good fit to empirical data. According to the theoretical model predictions, co-variations between cognitive intelligence and cognitive creativity, cognitive creativity and emotional creativity, cognitive intelligence and emotional intelligence turned out to be positive and significant. An unexpected result was obtained that was in the fact of negative relation between emotional intelligence and emotional creativity. These results are discussed in terms of information processing means.