The Faculty Fellowship Program at Golden West College (California) provides an annual fund to support faculty in implementing innovative methods of instruction. Since 1969, 401 proposals have been reviewed, and $316,287 has been allocated to 189 projects (47 percent). This report presents an objective overall picture of the program and provides an analysis of its effectiveness based on available data, consisting primarily of the opinions of the faculty members involved. The strengths and weaknesses of the program are discussed and recommendations for program improvement are made. Among the recommendations are the following: (1) since the same instructors and the same divisions seem to be receiving all the funding, new people and new divisions should be encouraged to apply; (2) team participation on fellowships should be encouraged; (3) after completion, fellowship projects should be constantly revised; and (4) every fellowship project should be accountable for a periodic progress report, completion report, and an evaluation report. The questionnaire used to solicit faculty opinions and a selection of project objectives are appended. (DC)