Sedimentary and volcaniclastic rocks of the Oligocene Creede Formation fill the moat of the Creede caldera, which formed at about 26.9 Ma during the eruption of the Snowshoe Mountain Tuff. Paleomagnetic and rock magnetic studies of two cores (418 and 703 m long) that penetrated the lower half of the Creede Formation, in addition to paleomagnetic and isotopic dating studies of stratigraphically bracketing volcanic units, provide information on the age and the time span of sedimentation of the caldera fill. Normal polarity magnetization are found in Snowshoe Mountain Tuff beneath the moat sediments; in detrital-magnetite-bearing graded tuffs near the bottom of the moat fill; in an ash-fall deposit about 200 m stratigraphically about the top of core 2; and in postcaldera lava flows of the Fisher Dacite that overlie the Creede Formation. Normal polarity also characterizes detrital-magnetite-bearing tuff and sandstone unites within the caldera moat rocks that did not undergo severe sulfidic alteration. The combination of initially low magnitude of remanent magnetization and the destructive effects of subsequent diagenetic sulfidization on detrital iron oxides results in a poor paleomagnetic record for the fine-grained sedimentary rocks of the Creede Formation. these fine-grained rocks have either normal or revered polarity magnetizations that are carried by magnetite and/or maghemite. Many more apparent reversals are found that can be accommodated by any geomagnetic polarity time scale over the interval spanned by the ages of the bracketing extrusive rocks. Moreover, opposite polarity magnetization are found in specimens separated by only a few centimeters, without intervening hiatuses, and by specimens in several tuff beds, each of which represents a single depositional event. These polarity changes cannot, therefore, be attributed to detrital remanent magnetization. Many polarity changes are apparently related to chemical remanent magnetizations carried by postdepositional magnetite and maghemite that formed in rocks in which most or all detrital megnetic iron oxide was destroyed. Incipient oxidation of early diagenetic pyrite may have normal polarity Snowshoe Mountain Tuff (26.89 ± 0.0 Ma, 1 δ) and on the normal polarity postcaldera Fisher lava flows (as young as 26.23 ± 0.05 Ma, 1 δ) indicate that deposition of the Creede Formation spanned about 340-660 k.y. The intermittently defined normal polarity magnetization for the caldera-fill sequence, compared with different versions of the geomagnetic polarity time scale, is consistent with the shorter time span.