Volume regulation in marine and estuarine invertebrates is usually assessed by the extent of restoration of original weight following a salinity transfer. However, volume regulation also includes the limitation of osmotic water movements. Mechanisms of volume regulation include 1) reduction of permeability of the body wall to water, reducing the rate of osmotic water movement; euryhaline species are less permeable to water than stenohaline species, and may show further adaptive reduction when in low salinities; 2) expulsion of excess water following osmotic influx, primarily as bulk elimination in the urine; and 3) changes in the numbers of extracellular osmolytes, also reducing the osmotic gradient, the major route being loss of solutes to the medium across the body wall and through the urine. Two theoretical approaches to analysis of volume regulation are discussed (Machin, '75; Oglesby, '75) and it is concluded that while both are somewhat imprecise, the approach of Oglesby ('75) has more versatility and resolving power in dealing with both osmoregulators and osmoconformers.