Phasor algorithms of the SIM fringe estimationThe Space Interferometry Mission (SIM) will provide unprecedented micro-arcsecond (pas) precision to search for extra-solar planets and possible life in the universe. SIM will also revolutionize our understanding of the dynamics and evolutions of the local universe through hundred-fold improvements of inertial astrometry measurements. SIM has two so-called guide interferometers to provide stable inertial orientation knowledge of the baseline, and a science interferometer to measure target fringes. The guide and science measurements are based on the fringe phase measurements using a CCD detector. One of the key issues with SIM is to develop a new algorithm for calculation of fringe parameters. Not only astrometric results need that new algorithm, but also real-time fringe tracking requires a new method to calculate phase and visibility fast and accurately. The formulas for the phasor algorithms for fringe estimation are presented. The signal-noise ratio performances of the fringe quadratures are demonstrated. The advantages of phasor algorithms for application of fast fringe tracking and on-board data compression are discussed.