This report reviews resource reallocation in five research universities. Resource reallocation as a careful program-by-program analysis of expenditures, emphasizing possible cost reductions, cost increases which might be postponed or even eliminated, and essential service costs which had to be maintained. University response to resource reallocation is described according to machinery, the need for information, planning, participation, the scope of resource reallocations, medical education and teaching hospital, public relations, income in relation to expenditures, instructional cost, undergraduate student aid, graduate student aid, the cost of graduate education, other economics, and income. (MJM)