In an effort to determine the effectiveness of Lakeshore Technical Institute's (LTI's) Associate Degree Nursing (ADN) program, questionnaires were administered to 1982 program graduates (N=45) and their employers (N=43) requesting an assessment of the graduates' preparedness to perform 39 nursing functions. Responses were submitted to a discriminant analysis to determine whether there was a significant difference between employers' and graduates' responses. Study findings, based on an overall response rate of 83%, included the following: (1) for 67% of the nursing functions, the mean combined rating of the graduates and employers was at or above 2.51 on a scale of 1 (poorly prepared) to 3 (well prepared); (2) the remaining functions received mean combined ratings between 2.0 and 2.5; (3) no function had a calculated composite mean of less than 2.0; and (4) the graduates rated themselves at a higher level of preparedness than their employers for 16 of the 17 functions for which there was a significant difference between the two groups' ratings. It is recommended that: (1) results of the study be used as supportive data for program effectiveness; (2) program staff address itself to differences in expectations between nursing staff and employers; and (3) results of the study be submitted to the Wisconsin State Board of Nursing to indiciate support for program effectiveness. The survey instruments are appended. (PAA)