This paper describes and evaluates the effectiveness of a program designed to improve technology transfer and utilization that was implemented in 1971 by the Naval Facilities Engineering Command. The authors first describe the organization of the technology transfer program and then attempt to evaluate its effectiveness over the three-year period 1972-74. In order to improve the accuracy of cost/benefit comparisons, a "benefit evaluation decision model" was developed. The authors discuss the design and use of this model and then apply it to the analysis of data for fiscal year 1974. This analysis of the technology transfer and utilization program shows that it produced $2.72 in benefits for each dollar spent. (Author/JG)