A study of our peer institutions indicates that the standard practice for determining course buyout, and a method consonant with federal grants, is to calculate the cost based on a percentage of the faculty memberís salary (the individual for whom the course is being bought out) rather than the replacement cost for the course. At Bryn Mawr, the normal percentage of faculty time allocated to a first course buyout is 17%. A course buyout would be calculated by multiplying the facultyís salary by 17% and then adding to that the cost of fringe benefits at 28%. Thus, someone earning $100,000 per year would have to allocate $21,760 for a course buyout. Additional course buyouts would be allocated more steeply (e.g., 40% of salary for two courses, plus benefits) because the College assumes a lesser presence. This method of calculating course buyout means that the College is not paying full-time salary for less than full-time work. It is a more responsible fiscal policy for the College than the replacement cost method we used previously, and it is applied to all departments of the College. Although this policy has actually been in place for more than a year, it seems appropriate to reiterate it, as department chairs rotate and current chairs may not have been made aware of the policy. It should also be noted that course buyouts, like unpaid leaves of absence, reduced time (with reduced pay), parental leaves, and family/medical leaves, will delay eligibility for oneís next sabbatical leave. Please remind faculty in your department of this policy.