This research focused primarily on the fringe benefit element of total compensation for teachers in 12 states: Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia. The specific objectives of the research were to: (1) identify the fringe benefits provided school teachers in the 12 Southeastern Regional Council member States; (2) calculate the approximate dollar value of each of the major fringe benefits and present as individual and total annual wage equivalents; (3) identify the extent to which fringe benefits vary by type and amount within the region; (4) examine carefully, theoretically and empirically, the question of whether free time in the summers is a benefit or detriment to teachers, and attempt to place a value on this leisure time; (5) compare teacher fringe benefits and total compensation in the Southeast with other occupations in industries and nationwide; and (6) make policy recommendations concerning fringe benefits as a part of teacher compensation packages in the Southeast. A short list of references is included. (JD)