This study explores the economics of trawler operations in the , Pacific groundfish fishery along the coasts of Washington and British Columbia. The fleet is composed of small draggers (mean length 56 feet), based in Puget Sound ports. These vessels earned an average 3.5 thousand dollars before taxes, per year, in 1968 and 1969. Linear regression analysis has been applied to measure the dependence of revenues, costs, and crew earnings on vessel characteristics and annual fishing actiVity. An additional trip during . a year wouls.21 add about 3.3. thousand dollars to vessel earnings before taxes. The average crew earnings of $13,312 per man would be increased by 8.5 percent.