In response to a requirement in Senate Bill 1751, which became a California statute on September 12, 1976, this report reviews the costs and benefits of California's membership in the Western Interstate Commission on Higher Education (WICHE), as well as the desirability of further participation in WICHE-sponsored programs. The data were derived from interviews with the WICHE staff and a study of the documents in WICHE files, including critical ones. The report is organized into four sections: (1) an analysis of the Student Exchange Program, particularly as it affects California; (2) a brief description of other WICHE programs; (3) a concise answer to the eight issues in the statute; and (4) observations gleaned and opinions formed about WICHE. (LBH)