This paper develops a practical guideline for intellectual capital measuring and reporting in the context of teacher education institutions. Intellectual capital is obviously the foundation for knowledge-centric organizations like teacher training colleges. According to Bertrand Russell: "The defense of the state in all civilized countries is quite as much in the hands of our teachers as in those of the armed forces". Indeed it is teacher-training colleges with its Intellectual Capital base, which help shape future teachers for the society. A bibliography is provided.