"Changing of the Guards" is a song written by Bob Dylan, released in 1978 as a single and as the first track on his album Street-Legal. As an A-side single it failed to reach the Billboard Top 100. However, the song has been included on compilation albums: Bob Dylan's Greatest Hits Volume 3, released in 1994, and the Deluxe Edition of Dylan, released in 2007.

A slightly longer mix of "Changing of the Guards", including an extended fade, was included on editions of Street-Legal released in 1999 and 2003.

Musically, "Changing of the Guards," like much of Street-Legal, concocts a sound unknown to prior Dylan records. This is in part effected by a trio of female back-up singers, a prominent saxophone in between verses, and a hauntingly dynamic chord progression. This is evident in several of the instrumental compononents. The drums play a driving and consistent 4/4 rhythm devoid of the reverb more associated with Dylan's prior album Desire. The chord progression has a certain catch that is very noticeable: there is a repeating cadence, which, by landing on the dominant chord, "begs" for resolution. However, rather than resolving it with the tonic chord, it is resolved with the relative minor chord. This creates an almost tragic feel in the song: everything sounds as if there will be a normal, major and happy-sounding tonic chord; but instead, the song falls into the unusual and dark-sounding relative minor chord (although each verse does end with a final res to the Major). Interestingly, the song speeds up slightly over its course, a factor only noticeable to most by playing the beginning and the end of the song back to back and something usually avoided by studio musicians.

Lyrically, this song has provoked much critical debate, reflecting in general terms both the positive and negative. According to Oliver Trager author of Keys to the Rain: The Definitive Bob Dylan Encyclopedia, "Changing of the Guards" has been criticized as a "song in which Dylan unsuccessfully and cynically parodies his anthemic self in haunting fashion..."

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