An academic planning conference is reported, with articles included on several topics pertaining to faculty members. A summary and agenda of the 1979 conference on "Ethical and Economic Issues Concerning Academic Professionalism and Compensation in an Era of Accountability, Limits, and Inflation" are presented. An article on faculty outside professional activities discusses concern over a lack of role definition for faculty. The Ethical and Economic Issues Project is seeking to develop new models for faculty appointments so that expectations for the use of their expertise could be satisfactorily resolved. The newsletter also presents: preliminary survey results on projected future directions of college involvement in lifelong learning; information on university copyright policies concerning work generated at colleges; findings from surveys concerning faculty salaries and earnings; and a note about a survey being conducted on the 1944 Chicago (Hutchings) 4-E Contract, which stipulated that faculty members devote their full time to instruction and research and which provided that all compensation for professional services be assigned to the university. (SW)