We consider irreducible 3-manifolds M that arise as knot complements in closed 3-manifolds and that contain at most two connected strict essential surfaces. The results in the paper relate the boundary slopes of the two surfaces to their genera and numbers of boundary components. Explicit quantitative relationships, with interesting asymptotic properties, are obtained in the case that M is a knot complement in a closed manifold with cyclic fundamental group.We dedicate this paper to Andrew Casson, in honor of his 60th birthday.This relationship between two quantities that are computed in entirely different ways may appear coincidental. However, one of the results of this paper, Corollary 9.6, asserts that a similar, although weaker, inequality holds for any knot K in a homotopy 3-sphere Σ such that M (K) is irreducible and has only two essential surfaces up to isotopy. In this case one of the essential surfaces