In wide-coverage lexicalized grammars many of the elementary structures have substructures in common. This means that during parsing some of the computation associated with different structures is duplicated. This paper explores ways in which the grammar can be precompiled into finite state automata so that some of this shared structure results in shared computation at run-time. 1 Introduction This paper investigates grammar precompilation techniques aimed at improving the parsing performance of lexicalized grammars. In a wide-coverage lexicalized grammar, such as the XTAG grammar (XTAG-Group, 1995), many of the elementary structures 1 have substructures in common. If such structures are viewed as independent by a parsing algorithm, the computation associated with their shared structure may be duplicated. This paper explores ways in which the grammar can be precompiled so that some of this shared structure results in shared computation at run-time. We assume as a starting point a co..