Until very recently the study abroad programs that approximately 32,000 American students a year participate in have not been properly evaluated as to the merits to be gained from studying in a foreign culture. Thus, the Federation of Regional Accrediting Commissions of Higher Education (FRACHE) established a Committee on Foreign Study to undertake such an evaluation. This document presents the findings of the Committee whose members traveled to the foreign study sites for the evaluation. The investigators took into account (1) the focus of the study abroad programs both from the perspective of the home country and the site country; (2) the various types of programs offered; (3) admission and orientation procedures; (4) soundness of academic programs; (5) facilities needs; (6) the need for continuing evaluation; (7) the cost of study abroad programs; (8) student performance evaluation; and (9) the role of the field director. The Committee recommends that continuing interregional evaluation of foreign study programs of accredited institutions be made and that the evaluations become a significant part of continuing attention. (HS)