This working paper is one in a series of policy statements on the relationship between liberal education and careers in business; it covers a seminar discussing ethics and the teaching of morality. Papers given by seven professionals in the corporate and academic world are included. After an introduction to the seminar and a statement on corporate ethics by Frank Staton, (President Emeritus, CBS Inc. and Chairman, Corporate Council on the Liberal Arts), other topics were covered: the importance of teaching values at the undergraduate level (John Chandler, President, Association of American Colleges), personal experiences teaching ethics (Joanne Ciulla, Visiting Scholar, The Wharton School of the University of Pennsylvania and author of "Honest Work"), the need for teaching ethics and obedience to the law in settings outside the classroom (Richard Manoff, President of Manoff International Inc., Director of the Thomas J. Lipton Company, and Chairman and CEO of Richard K. Manoff Inc.), personal obligation to ethical behavior (Ezra Bowen, Senior Writer, "Time Magazine"), description of the Ethics Resource Center in the District of Columbia (Gary Edwards, Executive Director, Ethics Resource Center), and how and where to teach ethics (J. Gregory Dees, Assistant Professor of Management, Yale University School of Organization and Management). (SM)