This article investigates the quality of leader–member exchange (LMX) in relation to specific resources that are exchanged between leaders and their subordinates. Drawing on the findings from a number of empirical studies that focus on LMX, we consider how various resources affect and result from LMX relationships within organizations. We also examine the view that LMX itself is a resource for some leader and member dyads, along with the implications of this approach for individual employees including both leaders and members. The article outlines six types of resources (money, goods, services, status, information and affiliation) and assigns the studies under review to each of the six categories. Finally, we discuss avenues for future research, with an emphasis on more complete or two-way exchange relationships (that is, resources are provided by, or exchanged between, the leader and the member).