This study evaluated several allotment formulas for Federal vocational education grants. The formulas were rated in terms of the relationships which their State allotments have to State percentages of national measures of criteria for distributing Federal funds. Goals for vocational education grants were identified through examining recent literature, and for these goals, eight related criteria with measures which were available for all 50 states were found. Nine allotment formulas were then constructed using bases related to the potential or actual load of vocational students, fiscal needs of States, or fiscal efforts of States. Of these, six were judged acceptable, and to clarify the effects on allotments of changing from one criteria to another, the formulas and criteria were classified under four allotment concepts: (1) program load, (2) program accomplishments, (3) fiscal need, and (4) fiscal effort. Of the formulas studied, the adjusted population formula correlated highest with measures of criteria classified under potential program load and fiscal need, while the effort formula correlated highest with measures of criteria classified under program accomplishments and fiscal effort. Formulas which best matched all criterion measures were based on population weighted population, and school enrollment. (Author/SB)