A project to develop a faculty exchange model for Southeast Florida Educational Consortium (SFEC) institutions is described, and project materials are provided. The following project activities are described: collecting information about existing faculty exchange arrangements; identifying benefits and concerns associated with these arrangements; interviewing administrative representatives from cooperating SFEC institutions to identify promising exchange arrangements for each institution; developing guidelines for a faculty exchange model from the interview information and from a literature review; and recommending a faculty exchange model. Steps to accomplish the following objectives of a exchange program are specified: arranging an exchange agreement, establishing an exchange communication network, selecting exchange arrangements, developing general exchange procedures, circulating exchange information, and continuing evaluation procedures. Appendices include a bibliography, interview materials, summaries of interviews, a faculty exchange agreement, a faculty exchange interest survey, a sample agreement for direct faculty exchange, information on procedures for reduced workload faculty exchange and for overtime workload faculty exchange, and a sample contract for services for an exchange of a faculty member and/or an administrator. (SW)