Cooperation and exchange activities have become indispensable part of R&D, and performance of it is also con cerned by many scientists and managers. A logic model of per formance evaluation oriented to R&D projects with coopera tion and exchange was discussed by focusing on International Cooperation and Exchange (ICE) projects in National Science
Foundation of China (NSFC). After features of ICE projectswere introduced, performance mechanism of ICE projects was analyzed. Moreover, framework of performance evaluation was specially highlighted from four dimensions based on dis cussion of general process of these R&D activities, and related key issues and major indicators were presented as well.