The SALT I Agreements, concluded in 1972, are assessed with the benefit of several years’ perspective. This study examines the negotiations and agreements from the standpoint of achievements and shortcomings. It finds a number of each, but on balance a substantial positive achievement. SALT I marked a beginning to collaborative efforts at strategic arms control by the two superpowers, and in a number of respects—especially the ABM Treaty—it had a clear and favorable effect in mitigating the arms competition. The main shortcoming was the failure to reach significant restraints on strategic offensive arms, especially a ban on MIRV's at a time when that was still possible. Also, the pursuit of “bargaining chips” for arms negotiations can impede arms control and contribute to arms competition. An “oversell” étente and SALT in 1972 prompted a swing to undervaluing both in the late 1970's. netheless, on balance SALT I was a significant step forward.