We construct dynamical models of the ``double nucleus of M31 in which the nucleus consists of an eccentric disk of stars orbiting a central black hole. The principal approximation in these models is that the disk stars travel in a Kepler potential, i.e., we neglect the mass of the disk relative to the black hole. We consider both ``aligned models, in which the eccentric disk lies in the plane of the large-scale M31 disk, and ``non-aligned models, in which the orientation of the eccentric disk is fitted to the data. Both types of model can reproduce the double structure and overall morphology seen in Hubble Space Telescope photometry. In comparison with the best available ground-based spectroscopy, the models reproduce the asymmetric rotation curve, the peak height of the dispersion profile, and the qualitative behavior of the Gauss-Hermite coefficients h_3 and h_4. Aligned models fail to reproduce the observation that the surface brightness at P1 is higher than at P2 and yield significantly poorer fits to the kinematics; thus we favor non-aligned models. Eccentric-disk models fitted to ground-based spectroscopy are used to predict the kinematics observed at much higher resolution by the STIS instrument on the Hubble Space Telescope (Bender et al. 2003), and we find generally satisfactory agreement.
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