Noting that librarians are integral to the library's performance of its educational function, this report argues that faculty status should be extended to academic librarians. This argument is supported by an excerpt from the "Joint Statement on Faculty Status of College and University Librarians," which was developed by the Association of College and Research Libraries (ACRL), the Association of American Colleges (AAC), and the American Association of University Professors (AAUP). Also presented in this report are three major criteria that should be utilized when considering tenure and/or promotion for librarians. These criteria include the librarian's: (1) teaching and library effectiveness; (2) professional competence and growth; and (3) professional service. Additional factors to be taken into account when considering the qualifications of a candidate for tenure and a candidate for promotion are also provided. (MAB)