Using Global Positioning System (GPS) receivers, we reoccupied several leveling benchmarks on the Kenai Peninsula of Alaska which had been surveyed by conventional leveling immediately following the March 27, 1964, Prince William Sound earthquake (Mw=9.3). By combining the two sets of measurements with a new, high-resolution model of the geoid in the region, we were able to determine the cumulative 1993--1964 postseismic vertical displacement. We find uplift at all of our benchmarks, relative to Seward, Alaska, a point that is stable according to tide gauge data. The maximum uplift of about 1 m occurs near the middle of the peninsula. The region of maximum uplift appears to be shifted northwest relative to the point of maximum coseismic subsidence. If we use tide gauge data at Nikishka and Seward to constrain the vertical motion, then the observed uplift has a trenchward tilt (down to the southeast) as well as an arching component. To explain the observations, we use creep-at-depth models. Most acceptable models require a fault slip of about 2.75 m, although this result is not unique. If the slip has been continuous since the 1964 earthquake, then the average slip rate is nearly 100 mm/yr, twice the plate convergence rate. Comparing the net uplift achieved in 29 years with that observed over 11 years in an adjacent region southeast of Anchorage, Alaska, we conclude that the rate of uplift is decreasing. A further decrease in the uplift rate is expected as the 29-year averaged displacement rate is about twice the plate convergence rate and therefore cannot be sustained over the entire earthquake cycle. ¿ American Geophysical Union 1995