It comes as a surprise to us that central gospel doctrines are at risk today among the most theologically conservative of Protestants. It is a development that many of us failed to anticipate. We understand that we have historic differences with various denominations over the meaning of grace. However, sharp disagreements have emerged even within the most orthodox branches of Reformed Protestantism. Distressing numbers of preachers are truncating the biblical teaching on grace, preaching not “grace alone,” but “grace only,” that is, nothing but grace.