Most current single-chip processors employ an on-chip instruction cache to improve performance. A miss in this instruction cache will cause an external memory reference which must compete with data references for access to the external memory, thus affecting the overall performance of the processor. One common way to reduce the number of off-chip instruction requests is to increase the size of the on-chip cache. An alternative approach is presented in this paper, in which a combination of an instruction cache, instruction queue and instruction queue buffer is used to achieve the same effect with a much smaller instruction cache size. Such an approach is significant for emerging technologies where high circuit densities are initially difficult to achieve yet a high level of performance is desired, or for more mature technologies where chip area can be used to provide more functionality. The viability of this approach is demonstrated by its implementation in an existing single-chip processor.