The Semantic Web should enable greater access not only to content but also to services on the Web. Users and software agents should be able to discover, invoke, compose, and monitor Web resources offering particular services and having particular properties. As part of the DARPA Agent Markup Language program, we have begun to develop an ontology of services, called DAML-S, that will make these functionalities possible. This white paper describes the overall structure of the ontology, the service profile for advertising services, and the process model for the detailed description of the operation of services. We also compare DAML-S with several industry efforts to define standards for characterizing services on the Web.