Global distribution of deep-sea hiatuses is determined based on multiple microfossil stratigraphies and sediment accumulation rates are calculated to determined synchroneity of oceanographic events and changes in biologic productivity. Five largely synchronous hiatus intervals are observed at the following ages and planktonic foraminiferal zones: PHa (PH=Paleogene hiatus) at 24.5-26.0 O Ma (N4/P22), PHb at 30-32 Ma (P21/P20), PHc at 34-36.5 Ma (P18/P17), PHd at 37.5-38.5 Ma (P17/P16), and PHe at 39.0-41.0 Ma (P14/P15). These relatively short hiatuses are mainly found in high productivity regions. In contrast, large erosional unconformities spanning 5-50 m.y. appear restricted to low productivity regions and where deposition occurred below the CCD. There is general agreement between the five synchronous hiatuses and the sea level on lap curve of Vail and Hardenbol (1979). Global cooling events coincide with these hiatuses suggesting that climatic cooling and the resultant current intensification are the main driving force of deep-sea hiatus formation. Sedimentation rates of pelagic sequences averaged over 2 m.y. indicate major productivity changes. Late Eocene sedimentation rates are about 8-10m/m.y. in the Pacific and Atlantic, but are only 4-5m/m.y. in the Indian Ocean. A 2 to 3 fold increase in the sedimentation rate is apparent during the early Oligocene in the Atlantic and Pacific, but not in the Indian Ocean. Productivity decreases again during the late Oligocene. The maximum sedimentation rates in the early Oligocene appear to reflect increased upwelling during global cooling.