Preferences for 92 values, obtained from a survey of cross-cultural studies of values, were obtained from two separate and geographically distant sets of groups consisting of black and white males and females of lower- and middle-Class status. The middle-class black population was of insufficient size to include, however. Value preferences were factor analyzed separately for the two sets of groups. Five composites of values were found to be shared by these two sets of groups. These were interpreted as: (1) the good life; (2) pleasant working companions; (3) balance and adjustment; (4) artistic creativity; and, (5) religiousness. The two sets of groups were then considered together and their mean preferences for these value composites compared. When the ten groups of subjects were combined according to criteria of either race, sex, or class, class was found to differentiate groups more than race or sex on all but the religiousness composite. Middle-class groups showed significantly higher preferences for the first three composite values, and black groups showed significantly higher preference for the fifth. The fourth (artistic creativity) did not show significant differentiation. Discriminant function analysis showed that when the optimal combination of the value composites is considered, the greatest differentiation of the groups on the discriminant function is obtained when groups are combined on the basis of class. (Author/JM)