A prospectus is a proposal (for us, approximately 500 words in length) that begins to give shape to the research and thinking that you've been doing.  In the prospectus you will narrows your field of inquiry, give your essay a suitable title, lay out the title, settle your critical stance (audience, thesis, critical approach to material) and convey in concrete terms the importance of the project in moving beyond what other people have written to generate a new idea from the combination of your creative reading and conscientious scholarship.

The prospectus should include:

bulletA useful title for your paper. The title should define the topical area and imply a stance. You might take a look at titles of articles on your subject as found in the MLAIB (Modern Language Association International Bibliography). Remember, you can change a title later, but a good one up front can help remind you -- and later us -- of what you're supposed to be discussing.
bulletContext and background. This section of the prospectus gives the reader a relevant frame of reference (context) within which to understand your project as meaningful and important. Often this involves describing the question or problem you have decided to address, and if pertinent, summarizing criticism that has addressed or failed to adequately address that question or problem. Think of this as a way of explaining the place of your work, and the importance of your point in the critical conversation about your author. Ex. "While Wordsworth critics have often talked about Freudian imagery and symbolism in his poems, few have considered . . . and many have overlooked . . . ."
bulletKey terms and definitions, as well as key critics.  The prospectus should show your intentions to define important concept words and texts necessary for discourse in the field of study (literary criticism about your author).  In other words, if you're going to use that Freudian imagery above and you want to talk about "the id," then you'd better make sure to tell us up front and clearly what it means, both for Freud and in the context of your essay.
bulletA sense of your thesis, your strategies, and methods. This is the core of the paper and the prospectus. What is your main idea, your answer to the question or solution to a self-posed problem? How will you organize your paper? How will you rhetorically argue your thesis? What critical theories will you use? Although the previous material may seem important, this is where the majority of your time ought to be spent, since this is where your ideas get concretized for us, and for yourself.  Remember, this is your essay, not your research's.