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An Eocene-Oligocene calcareous nannofossil biostratigraphic framework for Ocean Drilling Program (ODP) Site 748 in the southern Indian Ocean is established, which provides a foundation for this and future quantitative biogeographic studies. This biostratigraphic analysis, together with quantitative nannofossil data, enables a reinterpretation of the preliminary magnetostratigraphy and a new placement for magnetic Subchron CBN in the lowermost Oligocene. Calcareous nannofossil species diversity is low at Site 748 relative to lower latitude sites, with about 13 taxa in the middle Eocene, gradually decreasing to about 6 in the late Oligocene. There is, however, no apparent mass extinction at any stratigraphic level. Similarly, no mass extinctions were recorded at or near the Eocene/Oligocene boundary at Site 711 in the equatorial Indian Ocean. Species diversity at the equatorial site is significantly higher than at Site 748, with a maximum of 39 species in the middle Eocene and a minimum of 14 species in the late Oligocene. The abundance patterns of nannofossil taxa are also quite different at the two sites, with chiasmoliths, Isthmolithus recurvus, and Reticulofenestra daviesii abundant and restricted to the high-latitude site and Coccolithus formosus, discoasters, and sphenoliths abundant at the equatorial site but impoverished at the high-latitude site. This indicates a significant latitudinal biogeographic gradient between the equatorial site and the high-latitude site in the Indian Ocean for the middle Eocene-Oligocene interval. The abundance change of warm-water taxa is similar to that of species diversity at Site 711. There is a general trend of decreasing abundance of warm-water taxa from the middle Eocene through the early Oligocene at Site 711, suggesting a gradual cooling of the surface waters in the equatorial Indian Ocean. The abundance of warm-water taxa increased in the late Oligocene, in association with an increase in species diversity, and this may reflect a warming of the surface waters in the late Oligocene. An abrupt increase in the abundance of cool-water taxa (from ~20% to over 90%) occurred from 36.3 to 35.9 Ma at high-latitude Site 748. Coincident with this event was a ~1.0 per mil positive shift in the delta18O value of planktonic foraminifers and the occurrence of ice-rafted debris. This abrupt change in the nannofossil population is a useful biostratigraphic event for locating the bottom of magnetic Subchron C13N in the Southern Ocean. The sharp increase in cool-water taxa coeval with a large positive shift in delta18O values suggests that the high-latitude surface waters drastically cooled around 36.3-35.9 Ma. The temperature drop is estimated to be 4°C or more at Site 748 based on the nannofossil population change relative to the latitudinal biogeographic gradient established in the South Atlantic Ocean during previous studies. Consequently, much of the delta18O increase at Site 748 appears to be due to a temperature drop in the high latitudes rather than an ice-volume signal. The ~0.1 per mil delta18O increase not accounted for by the temperature drop is attributed to an ice-volume increase of 4.6 * 10**3 km**3, or 20% the size of the present Antarctic ice sheet.

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