The materials in this compendium are intended to assist counsel and administrators at institutions of higher education faced with the need to consider and plan for program closures. Some materials also deal with the closely related issues of financial exigency, faculty reductions, and reductions in force. Section I offers the following papers: "The Age of Austerity: Downsizing for the 90's" (Corinne A. Houpt); "Problems of Contraction: Legal Considerations in University Retrenchment" (Annette B. Johnson); "Evaluating and Discontinuing Programs" (Edward A. Dougherty); "Planning the Unthinkable: Issues in Institutional Reorganization and Faculty Reductions" (Steven Glenn Olswang); "Procedures and Criteria for Faculty Retrenchment" (Kenneth P. Mortimer); "What If the Faculty Member To Be Laid Off Is the Governor's Brother?" (Colleen Dolan-Greene); "Terminations without Tears: Avoiding Litigation Risks in Reductions in Force" (Peter M. Panken and Michael Starr); "Planning for Workforce Reductions: Charting a Course around the Legal Icebergs" (Fred W. Alvarez and Elena E. Matsis); "Program Elimination, Financial Emergency, and Student Rights" (Steven Glenn Olswang and others); "To Save a College: Independent College Trustees and Decisions on Financial Exigency, Endowment Use and Closure" (Edward A. Johnson and Kent M. Weeks); and "Closing a College: Trustee Decisions and Administrative Policies" (Joseph P. O'Neill and Samuel Barnett). Section II consists of various guidelines and institutional policies and procedures on terminations or reductions of programs, terminations of faculty and staff, and treatment of students affected by program closures. Section III includes internal documents and agreements from specific program closure situations. A resource list of 19 monographs and journal articles concludes the compendium. (JDD)