Several factors have, in less than a decade, impelled principals to organize or participate in local coalitions with supervisors, department chairmen, assistant principals, and central office administrators seeking labor-style contracts spelling out wages, hours, and conditions of work. One of the factors compelling principals to organize is the hamstringing effect of contracts negotiated between teachers and school boards which fail to recognize the critically important role of the principal. This pamphlet looks at the principal's position after years of teachers' negotiations, examines the nature of his job security, describes the concerns of the principal, and suggests what he can do to improve his lot. The pamphlet also provides an agenda for negotiations. (Author/JF)