A gravitational model incorporating Seasalt altimetry, surface gravimetry, and satellite tracking data has been determined in terms of global spherical harmonics complete to degree and order 50. This model, PGS-3337, uses altimeter data as a dynamic observation of the satellite's height above the sea surface. A solution for the ocean's dynamic topography is recovered simultaneously with the orbit parameters, gravity, and ocean tidal terms. The recovered dynamic topography reveals the global long wavelength circulation of the oceans with a resolution of 2000 km and is very similar to the mean upper ocean dynamic height derived from historical ship observations. The PGS-3337 geoid has an uncertainty of 60 cm rms globally but only 25 cm rms over the ocean because of the altimeter measurements. Seasat orbits determined in this solution have an estimated accuracy for the radial position of 20 cm rms. The difference between the altimeter observed sea height and the geoid plus dynamic topography model is 30 cm rms. Contained in these residuals are the sea height variability, as well as errors from the geoid, orbits, tidal models, and altimeter range measurement. This performance level is 2 to 3 times better than that achieved with previous Goddard gravitational models. ¿ American Geophysical Union 1990