We develop an iterative approach to gravitational lensing theory based on a
pproximate solutions of the null geodesic equations. The approach can be em
ployed in any space-time which is "close" to a space-time in which the null
geodesic equations can be completely integrated, such as, Minkowski space-
rime, Robertson-Walker cosmologies, or Schwarzschild-Kerr geometries. To il
lustrate the method, we construct the iterative gravitational lens equation
s and time of arrival equation for a single Schwarzschild lens. This exampl
e motivates a discussion of the relationship between the iterative approach
, the standard thin lens formulation, and an exact formulation of gravitati
onal lensing.