1. Endometrium undergoes cyclical changes
2. Follicular phase - endometrium in proliferative phase, growing in response to estrogen
3. Luteal phase - endometrium enters secretory phase, prepared to support implantation
4. If ovum not fertilized, corpus luteum degenerates, progesterone levels fall, endometrium sloughs, menstrual phase begins
5. Follicular phase starts again as FSH levels rise