Problems concerning finance, faculty, and educational programs faced by George Peabody College for Teachers during 1937-1945 are examined, along with the solutions. Attention is directed to: circumstances surrounding problem identification, the background of each problem, who had responsibility for formulating each solution, other individuals/groups who provided consultation, data utilized in arriving at solutions, the rationale for solutions, how successfully the solutions were implemented, and problems that remained unsolved. Despite financial depression and war, the administration preserved the image of Peabody as a college for teachers whose primary mission was to improve educational opportunities throughout the Southeast. Major financial problems were related to income, salaries, inadequate business procedures, and inadequately maintained buildings and grounds. The quality of faculty and the relationship of the faculty to the educational program were additional problems. Problems relating to the educational program included enrollment, instructional reorganization, and academic performance at the college. Appendices include: a list of administrators and trustees during 1937-1945, a bibliography, statements of income for each of the 9 years, and general education board grants to the college, 1909-1945. (SW)