This report focuses on the fringe benefit element of total compensation for teachers in the Southeast. Study objectives include the following: (1) identifying teachers' fringe benefits in 12 Southeastern States; (2) examining the variation in fringe benefits within the region; (3) examining whether summer free time is a benefit or detriment; and (4) comparing teacher fringe benefits and total compensation in the Southeast with regional and nationwide industries. The report's first section describes the study time frame and data collection that was conducted in early spring 1985. The study highlights major fringe benefits available to teachers in the Southeast and analyzes the theoretical basis of the value of summer leisure. The final section estimates the values of summer leisure, other fringe benefits, and total compensation. Fringe benefits, as a percentage of salary, are compared to corresponding figures for other industries. Study results indicate: (1) educational attainment appears to raise salaries less rapidly than experience; (2) fringe benefits for beginning teachers average 32.2 percent of salary; (3) estimated "mean value" of summer leisure for teachers in the region is 13 percent of salary; and (4) teacher fringe benefits, excluding summer, are comparable to private industry as a percent of salary and exceed industry if leisure is included. Two reference pages and data reports are appended. (CJH)