A small group of influential educators participated in a Wingspread Conference to discuss the topic of teacher warranty programs. While each of the warranty programs described at Wingspread was distinctive, there were a number of features that all seemed to have in common: (1) teacher warranty programs are a form of quality assurance for employers; (2) teacher warranty programs are a form of institutional commitment to graduates; and (3) teacher warranty programs are a means of providing assistance to beginning teachers. Each program emphasizes the careful evaluation of teachers during their first year in the classroom and involves a commitment to provide a wide variety of support services. This report on the conference presents summaries of the topics discussed: (1) public reaction to warranty programs; (2) warranty assets; (3) lingering anxieties; (4) evolution of the warranty; (5) concept of warranty "compacts"; (6) the differences warranties can make in student learning; (7) a marketing strategy for warranties; and (8) the impact the warranty has had on teacher education. (JD)