This article applies an autoregressive intervention model for the 1968- 2003 period to identify either income based or geographical transfer- ence of transnational terrorist events in reaction to the rise of fundamentalist terrorism, the end to the Cold War, and 9/11. Our time-series study investigates the changing pattern of transnational terrorism for all incidents and only those involving U.S. people and property. Contrary to expectation, there is no evidence of an income- based post-9/11 transfer of attacks to low-income countries except for attacks with U.S. casualties, but there is a significant transference to the Middle East and Asia where U.S. interests are, at times, attacked. We also find that the rise of fundamentalist terrorism has most impacted those regions-the Middle East and Asia-with the largest Islamic popula- tion. The end to the Cold War brought a terrorism peace dividend" that varies by income and geography among countries.