In order to promote faculty development, the potential for sharing faculty resources among Illinois private and public institutions was studied. Three institutions were assessed: a comprehensive graduate-level public university, a comprehensive graduate-level private university, and a public community college. Faculty development activities that involve sharing of faculty resources among institutions were defined under four constructs: exchange, retraining, updating, and individual professional growth. Questionnaires were developed, pretested, and administered to 12 faculty from each institution. Interviews were also conducted with three administrators and five faculty from each of the three institutions. In addition, a sample of six institutions with different characteristics was studied to cross validate the sample. A second study was also initiated to investigate sharing personnel among business, industries, government agencies and nonprofit private agencies. Administrators of the two senior institutions saw no institutional policy or legal constraints to a faculty exchange program conducted between colleges and universities, while the community college administrators viewed the union contract governing wages and working conditions as a major consideration. The views of faculty respondents and additional findings are considered. (SW)