Presented in this document are the results of a Task Force study in Florida that explored the feasibility of a baccalaureate degree program that can be completed in 3 academic years. The Task Force addressed itself to the issues surrounding time-shortened degrees: acceleration; locksteps; relevancy of educational objectives to individual and societal needs; and articulation between all levels of the Florida educational system. While concluding that a mandate for an across-the-board 3-year, 9-quarter is undesirable, the Task Force does recommend that support be given to the time-shortened experimental degree models submitted by the universities and community colleges. The Task Force further recommends that options for acceleration should be expanded and promoted at all levels. The expanded utilization of acceleration options could result in substantial and significant savings and cost benefits to students, parents, and taxpayers. (Author/HS)