The creation of the Committee of Presidents in 1962 was a significant step toward systematic cooperation among Ontario universities. This cooperation, which has consistently increased, was the response to growing dependence on public funds, and to increased government interest in how funds were spent. The universities have cooperated in establishing graduate programs, an interlibrary loan service, common application forms for admission, enrollment projections, and other projects. The operating grants formula, introduced in 1967, has been most successful. Under this formula, each category of students is weighted and each university's weighted enrollment as of December 1 is multiplied by the value of a "basic income unit." Emerging universities get a supplement for a stated number of years. Other issues that have been considered are the number of foreign students and faculty at Canadian institutions, the role of faculty and students in decision making, student aid programs, provision of student residences and student unrest. Appendices contain data on the members, subcommittees and expenditures of the Committee, a brief on relations between universities and governments, and a proposal for establishing a Council of Universities of Ontario. (AF)