Mentoring is of proven benefit to a variety of organizations, including academic libraries. A formal mentoring program for library faculty in a medium-sized academic library was created to take advantage of what is offered. Goals and objectives were established, the responsibilities of mentor, protege, and the professional stakeholders were explored, and a list of avenues for development was set out. A contract between the protege and the program formalized the commitment. This paper, describing the mentoring program, contains the following sections: (1) definitions; (2) goals and objectives; (3) characteristics and responsibilities of the mentor; (4) responsibilities of the protege, the library faculty, and the library management; and (5) building a successful mentoring program, including selection of mentors, procedures and rules, and the working relationship of the mentor and protege. (Contains 21 references and notes.) (MES)