This project measured and evaluated the fringe benefit element of the teacher compensation package available in the 12 Southeastern Regional Council member states: Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virgina. Data were collected by contacting members of the Council representing each state, and by questionnaires submitted to section heads in the state departments of education. Section one of this report presents an overview of the project. The second section contains a specific discussion of the major fringe benefits available. Benefits are described by state, and a tabular summary is given. Section three contains a discussion of the theoretical basis for determining the value to teachers of summertime leisure. The question of whether summertime leisure is a benefit or a constraint to teachers is considered. Section four presents tables of classroom teacher compensation by experience and level. The final section contains a summary of available fringe benefits and policy recommendations, as well as suggestions for future research. A list of references is included. (JD)