A computer-based system for processing the library records associated with journal subscriptions has been in daily routine operation for 3 years. Handling approximately 3,500 subscriptions, the system uses a small, second-generation computer (IBM 1401). Monthly batches of turnaround cards are produced for both daily check-in of journals and weekly processing of binding units. The most distinctive feature of the system is a daily listing produced by a high-speed printer (30,000 lines per minute); each list supersedes the previous day's list and includes full information for each subscription in the system. Elaborately formated for user convenience, the list displays current check-in record, bound and unbound holdings, and material in the binding process. By-products of the system are address labels for distributing issues after check-in and various lists of holdings organized for use by staff, customers, and subscription agents. The benefits and costs are discussed and qualitatively evaluated; sufficient hard data are not available for a definitive quantitative study.