In the last several years, as attempts have been made to reconcile con
servation and development agendas, many conservation organizations hav
e embraced the notion that careful use of timber resources from natura
l forests could be part of a viable conservation strategy. Unfortunate
ly, investments in ''natural forest management'' are financially unatt
ractive and governments are generally unwilling or unable to force log
gers to make such investments. Even where these problems can be overco
me, advocates of conservation need to carefully consider whether natur
al forest management will result in less damage than would have occurr
ed otherwise. The answer to this question depends on what kind of huma
n intervention would have taken place in the absence of the forestry p
roject: little or none; uncontrolled logging or deforestation for agri
culture. Only in the latter case does natural forest management unques
tionably represent an environmental improvement. Finally, an assessmen
t must be made as to whether forestry is a cost-effective way of achie
ving conservation goals. After analyzing these factors, we conclude th
at in some limited circumstances natural forest manage-ment represents
a promising conservation strategy.