W.G Link Exchange Manager
Allows easily manage reciprocal links and helps to see which of link partners are linking back to or not. [Commercial]
http://www.winnergambler.com/linkexchangemanager.htm

LinkLeads Link Exchange
Search engine submission included. [Ratio: 2:1 Banner Sizes: 468x60]
http://www.linkleads.com/

Free Text Link Exchange
Partner program allowing one to buy, sell or exchange links for free.
http://www.freetextlinkexchange.com/

Indian Link Exchange
Banner exchange network.
http://www.indianlinkexchange.com/

Indie Link Exchange, The
Contains a list of music people who wish to exchange links with other music related sites.
http://www.bigmeteor.com/ile

Chemical Engineering Link Exchange
Links to various aspects of chemical engineering.
http://www.chemengg.com

All Destiny Text Link Exchange
A free text exchange service dedicated to esoteric, paranormal and spiritual orientated websites.
http://text.alldestiny.com

Link Exchange Schweiz
Bannertausch-System ausschließlich für Schweizer Webseiten.
http://www.linkex.ch/

X-Files Link Exchange
Guidelines for joining, list of members and top 10 sites, featured new site.
http://members.tripod.com/~AVxfiles1/random_link.htm

80's Rave Faves
Includes pictures and graphics, trading information, and link exchange.
http://www.geocities.com/playfulheartmnky/

Feed Taylor!
Joke campaign dedicated to having Taylor Hanson force-fed. Contains evidence, a link exchange, a LiveJournal community, and more.
http://www.feedtaylor.com

King, Gerald - The Best of King
Poems and stories of love and life. Banner and link exchange for writers.
http://members.fortunecity.com/max0812/

For the Love of Ewan
A Ewan McGregor link exchange.
http://www.angelfire.com/ga2/ewanlinks/main.html

Art Link Swap
A picture link exchange for professional artists, galleries and other owners of art related sites. Membership is free.
http://artlinkswap.org

Links eXchange Network
Free web site promotion program. [Ratio: 2:1 Banner Sizes: 468x60]
http://linksexchange.net/

LinkMan
Can automate reciprocal links exchange. [Freeware]
http://www.phpjunkyard.com/php-link-manager.php

Friendly Links
An user-friendly links exchange management and directory publication system in Perl that provides a complete links directory management mechanism for a website. By Friendly Infosys Corporation. [Commercial]
http://www.friendlyinfosys.com/friendly_links.html

MS-Links Exchange
Complete targeted banner marketing. [Ratio: 4:3 Banner Sizes: 468x60]
http://www.ms-links.com/