Professor Donald Markwell is Warden of Trinity College, The University of Melbourne. He presented ‘The Fellowship of Friends’ at the Australian Club on Thursday 17 September 1998, on the occasion of the second James Darling Memorial Oration, held in honour of Sir James Darling (1899–1995), pioneering Australian educator and long-time Principal of Geelong Grammar School. Professor Markwell’s Darling Oration makes a strong case, through an examination of Darling’s own vision of collegiate education, for the important role of university colleges in the broader historical schema of higher education in Australia.