It is well-known that the French colonial theory of assimilation, even though it could never be carried out completely in practice, implied the development in French colonies of an indigenous élite of people prepared to accept both French culture and a (subordinate) role in the running of the colony. In French Cochinchina, this élite was especially important owing to the circumstances of the conquest, between 1860 and 1867, when most of the Vietnamese scholar-officials who had ruled the area previously, withdrew and refused to co-operate with the Europeans. The French had no choice but to create an élite of their own, and begin to educate it in French ways. The process has been discussed in detail in a recent study by Dr Milton E. Osborne, which takes the story of colonial rule in southern Viet-Nam down to about 1905.1 During the first four decades of the twentieth century, this élite continued to grow and develop, so that by the 1940s it had become the key element in Cochinchinese society so long as colonial rule might last. The purpose of the present article is to examine the composition and role of this elite about the end of the period in which France could take its presence in Indochina for granted.