Site 1256 of Ocean Drilling Program Leg 206 to the Guatemala Basin on the eastern flank of the East Pacific Rise yielded a near-complete, middle Miocene-Quaternary carbonate-rich section that provides an opportunity to study low-latitude biostratigraphic and paleoceanographic events. The sedimentary sequence in Hole 1256B has been zoned using calcareous nannofossils according to the biostratigraphic schemes by Martini of 1971 (modified by Martini and Muller in 1986) and Okada and Bukry of 1980. The nannofossil assemblage is characteristic of the low latitudes, with abundant Gephyrocapsa, Discoaster, and Sphenolithus, and is in general moderately to well preserved, depending on nannofossil abundance and the presence of diatoms. Age estimates for the first occurrence and last occurrence of Reticulofenestra rotaria were derived from biostratigraphy and magnetostratigraphy independently and assigned to 7.18 and 6.32 Ma, respectively. Linear sedimentation rates, calculated using 28 nannofossil datums and age estimates, are high in the middle Miocene, decrease from the late Miocene to the Pliocene, then increase upsection. The abrupt drop in carbonate mass accumulation rates during the early late Miocene is referred to as the "carbonate crash". This pattern reflects (1) the longtrend decrease of productivity as the site moves away from the upwelling system at the equatorial divergence as well as (2) fluctuation in the chemistry of the bottom waters associated with production of the North Atlantic Bottom Water and ventilation via the Panama Gateway. A basement age of 14.5 Ma was obtained by extrapolating the 39.1-m/ m.y. rate in the middle Miocene to the basement at 250.7 meters below seafloor, and is consistent with the approximately 15-Ma age of the oceanic crust estimated from marine magnetic anomalies. Reworked nannofossils and lithologic changes were used to unravel postdepositional history, and three episodes were recognized, one of which in the latest Miocene can be widely correlated.