While most previous work has focused on different pretraining objectives and\narchitectures for transfer learning, we ask how to best adapt the pretrained\nmodel to a given target task. We focus on the two most common forms of\nadaptation, feature extraction (where the pretrained weights are frozen), and\ndirectly fine-tuning the pretrained model. Our empirical results across diverse\nNLP tasks with two state-of-the-art models show that the relative performance\nof fine-tuning vs. feature extraction depends on the similarity of the\npretraining and target tasks. We explore possible explanations for this finding\nand provide a set of adaptation guidelines for the NLP practitioner.\n