My unprofessional, generic setting is:
kick and snare: -3 reduction with the ratio at 9'oclock and output at plus 3 to compensate for the reduction. Attack and release settings usually depend on the speed of the song.
Bass guitar; depends on the song, if I'm using the E string on the first few frets I use -3 reduction. Less reduction if not.
I have one of those $89 compressors which shall remain nameless, this is why I usually only compress on the way in. I rarely put my compressor on the mix, or vocals. For vocals I try to manipulate the mic during singing to keep the level fairly consistent or ride the fader during mixdown. With a more transparent compressor, I'm sure you'll have more options.
Oops, just notice the question was about drums only, sorry for going on a rant................no extra charge BTW
[This message has been edited by Ray J (edited 07-24-2000).]