This document is an abridged transcript of the discussion held by representative participants from educational institutions and the Peace Corps at the Brookings Institution Conference on July 22, 1965. The meeting was initiated with the belief that the academic establishment and the Peace Corps need each other. Three propositions were presented: (1) the Peace Corps should see itself as an educational institution; (2) colleges and universities should become more like the Peace Corps; (3) the relationship between the Peace Corps and American higher education should be permanently committed. As a result of this meeting, Sargeant Shriver established an Education Task Force to raise the level of Peace Corps "training" to "education" in order to see the education of Volunteers as a two- or three-year process continuing throughout their service. Among ideas from the discussion resulting in the Peace Corps' new education program were (1) a panel of faculty advisors who communicate with Volunteers and visit them overseas for inservice and completion of service conferences, and (2) appropriate recognition by colleges and universities of education for volunteer service. (se)