This booklet, one part of the Intermediate Science Curriculum Study (ISCS) Individualized Teacher Preparation modular program materials, is designed to present teachers with information concerning issues and alternatives relative to grading and reporting student progress in an individualized instructional setting. The information is presented in the form of four chapters and four Excursions. Chapter titles are Matching Evaluations with Goals, A Two-Bit Model, Expanding the Model, and A Self-Evaluation Check. Excursion titles are Instant Feedback, Reporting the Grade, Conducting Conferences, and Answers to Self-Evaluation Check. This module presents teachers with a basic, somewhat oversimplified but realistic model for evaluation so that teachers can get started on this process. (PEB)