Volume One is the first album by She & Him, a collaboration between M. Ward and singer/songwriter and actress Zooey Deschanel. It was released by Merge Records on March 18, 2008.

She & Him is an American musical duo consisting of Zooey Deschanel and M. Ward. It was formed in 2006 in Portland, Oregon. Their first album, Volume One, was released on the independent label Merge Records on March 18, 2008. They are commonly associated with the twee, indie-folk resurgence of the mid-2000s, which music critic and professor Eric Harvey described in Stereogum as "childlike, whimsical, earnest, acoustic Starbucks-friendly music like Feist, the Decemberists, Regina Spektor, and Jose Gonzalez."