1979 were reported to be 10.3 million pounds with a total dockside value of $10.4 million. Red snapper landings were 4.2 million pounds with a dockside value of $5.6 million, while grouper landings were reported to be 6.0 million pounds at $4.7 million. The importance of red snapper and grouper to the GMRFF can be seen from these figures. In 1976, red snapper and grouper accounted for 82 percent of all reef fish landings by weight and 86 percent of the total revenue generated in the commer- cial Gulf of Mexico Reef Fish Fishery. Three nations, Cuba, Mexico and the United States, are responsible for the bulk of the world supply of reef fish (grouper and red snapper). The U.S. is the leading producer of red snapper, accounting for approxi- mately 52 percent of the world catch in 1973 (Klima, 1976). In that same year the United States ranked third in grouper production, behind Mexico and Cuba which accounted for 52 and 29 percent of the world catch, respectively (Appendix B). The Gulf of Mexico reef fish stocks also support a significant recreational fishery. The recreational sector is composed of three distinct segments: party or head boats, charter boats and privately owned and operated boats.2 Although data pertaining to the recreational fishery are somewhat scant, there is sufficient evidence to suggest that it is larger, in terms of catch, than the commercial fishery. Surveys conducted in 1960, 1965 and 1970 indicated recreational catches of 122.6, 70.9 and 76.8 million pounds of reef fish, respectively (Clark, 1963; Duel and Clark, 1968; Duel, 1973). Total recreational 2Party or head boats generally carry over 20 passengers while private charter boats carry six passengers or less.