This monograph discusses competency/performance-based teacher education (C/PBTE) as a training alternative with promise and problems. Four basic characteristics of C/PBTE are discussed, namely, specification of competencies to be mastered, assessment of C/PBTE outcomes, extensive use of technology, and use of flexible time requirements for individualizing training programs. Also, some implied characteristics are discussed, and working examples are used to illustrate both kinds of characteristics. Some problems relating to C/PBTE programs are discussed, including budgeting, selecting competencies, assessing problems, and creating a massive training and retraining program. Discussion of issues that arise concerning C/PBTE and the present status of and future possibilities for C/PBTE conclude this monograph. Categories of teacher behaviors, resources for C/PBTE, and illustrative competencies for Minnesota are appended; an 11-item bibliography is included. (PD)