This paper reports on the development of a "change index" and its application in evaluating the relative performance of individual doctorate-granting universities in hiring and promoting women faculty. Employee data collected in the annual Higher Education General Information Survey (HEGIS) by the National Center for Educational Statistics was used to develop the index. The final model comprised five variables reflecting percentage change over the base year for the number and the proportion of women faculty, the year for the number and the proportion of faculty, the number of women tenured, the number at full professor rank, and the ratio of male to famale faculty. The index is a relative measure of change experienced by an institution; it facilitates comparisons among institutions. A wide range of institutional performance in hiring and promoting women faculty was revealed by applying the index to HEGIS data for doctorate-granting universities. The index served, also, as a dependent variable to assess the relationship between specific institutional characteristics and the degree of change experienced by various institutions. The change index provides a more complex measure of the changing status of women faculty than simple changes in the proportion of women and it provides a basis for comparing the relative success in hiring and promoting women faculty for comparable institutions. (Author/DWH)