The feasibility of centralizing current periodicals in this university library was investigated as a means of providing for greater accessibility to the periodicals, reducing theft, and improving the efficiency of technical services. Highlighted are concerns brought up by eight other academic libraries that have some type of centralized periodical collection: (1) the periodical room being utilized as a study hall, (2) security, (3) circulation, (4) special control of high risk titles, (5) periodical arrangement--by title or call number and (6) supervision of the periodical room. Appendices include the questionnaire sent to the eight academic libraries, a layout of the periodicals room, and check-out and circulation procedures at the Ellis Library. (MBR)