The report is designed to present in some detail the results of successfully applying a land value approach using a multiple linear regression technique to two study areas. The bulk of the monograph is not directed to analyzing the utility of the approach per se, although the strengths and weaknesses are reviewed. The main concern is with a rather detailed exposition of the statistical analysis of areas in the Wabash and Missouri River Basins. In this respect it is written primarily for use at the field levels of the Corps to serve as a guide to the use of the approach in terms of the types of data required, the form of the data for use in the regression model, and the interpretation of the estimated regression model. (Author).