In 1976, ICLARM, in cooperation with the Oceanic Institute (Hawaii) and with financial support from the Rockefeller Foundation and the Tinker Foundation, developed a proposal based on a hypo-thesis by Dr. Timothy Joyner made in 1975 that salmon, properly introduced into the waters of the Southern Ocean, could provide a useful focus for a new approach to a rational, international system of fishery management. This article gives an overview of the project and its implication for the Chilean salmon ranching scenario.