We have tried to address two questions: "What has been the trend of socioeconomic opportunity for black and white men in the U. S. during the past decade?" and "what has been the trend of racial discrimination in the socioeconomic achievements of black men?" Using 1962 Current Population Survey data, we estimated a simple three-equation model of socioeconomic achievement for black and nonblack (hereafter, white) men at ages 34-44, 45-54, and 55-64. The model takes educational attainment in years of schooling to depend on father's occupational status, father's educational attainment, respondent's farm background, and respondent's number of siblings. Respondent's current occupational status depends on the four background variables and on educational attainment. Finally, the respondent's income depends on the background variables, educational attainment, and occupational status. We have found that the socioeconomic opportunities of all men in the labor force, and especially of blacks, have increased in the past decade, but the opportunities for white men to hold high status jobs may have leveled off. Black-white differences in educational attainment, occupational status, and income have been reduced substantially, but there remain large residues of discrimination against blacks in all three areas of achievement. These made up as large a proportion of the total racial gap in schooling, occupational status and income in 1972 as they did in 1962. (Author/JM)