We have obtained high-resolution spectra of 89 M dwarf members of the Pleia
des and Hyades and have derived radial velocities, Ha equivalent widths, an
d spectroscopic rotational velocities for these stars. Typical masses of th
e newly observed Pleiades and Hyades stars are similar to 0.4 M. and simila
r to 0.2 M., respectively. We combine our new observations with previously
published data to explore the rotational evolution of young stars with M le
ss than or equal to 0.4 M.. The average rotation rate in the Hyades (age 60
0 Myr) is about 0.4 times that in the Pleiades (110 Myr), and the mean equi
valent widths of H alpha are also lower. As found in previous studies, the
correlation between rotation and chromospheric activity is identical in bot
h clusters, implying that the lower activity in the Hyades is a result of t
he lower rotation rates. We show that a simple scaling of the Pleiades rota
tional distribution for M less than or equal to 0.4 M., corrected for the e
ffects of structural evolution, matches that of the Hyades if the average a
ngular momentum loss from the Pleiades to the Hyades age is factor of appro
ximate to 6. This suggests that the distribution of initial angular momenta
and disk-locking lifetimes for the lowest mass stars was similar in both c
lusters. We argue that this result provides further evidence for a saturati
on of the angular momentum loss rate at high rotational velocities.