In early 1997, Bill Graham, Executive Director of the National Sea Grant College Program (NSGP), charged the Blue Ribbon Panel to review the value, role, technology and support issues surrounding the National Sea Grant Depository (the Depository). Consequently, Peter Brueggeman, Judy Buys, Kay Hale, Janet Webster visited the National Sea Grant Office in Silver Spring and the Depository in Kingston, RI on March 25 and 26. The following summarizes our observations and recommendations. After a brief overview, we outline some general concerns and recommendations that should be addressed. We then describe three funding scenarios--reduced, level and increased. Each scenario includes a short description, requirements for housing and staffing, and a discussion of implementation issues. (21pp.