In this study, an examination of the determinants and consequences of occupational knowledge is carried out using data collected from the National Longitudinal Survey of 5,159 young women. The study closely parallels a 1975 study by Parnes and Kohen utilizing information collected from about 5,000 young men. The significance of various background factors as potential determinants of a young woman's occupational knowledge score and the effect of this score on subsequent earnings and occupational status are investigated. In addition to contrasting the causal patterns for black and white women, similarities and differences between the results for young men in the Parnes and Kohen study and the results for young women in this study are discussed. The report notes that the extent of vocational counseling was irrelevant as a determinant of the knowledge of the world of work score. It was found that the relevance of occupational information, as measured by this score, to predict early adult labor market success was not as clear for young women as it has been shown to be for men. It is concluded that a pre-career educational "funneling process" effectively restricts career options of many young women to occupational categories which have traditionally fallen within the stereotypical "women's occupations" categories. (TA)