At the time of the First Followup Survey, approximately 18 months after graduation, sixty-five percent of the members of the High School Class of 1972 were unemployed, and eight percent were out of work. Forty-two percent were taking academic courses in a college or university. Graduates of the vocational high school curriculum were employed at higher rates than their classmates and least likely to be taking academic courses. Twenty-nine percent of the females were homemakers, and most of those were married or formerly married. Earnings during the study period were similar for blacks and whites, but much greater for males than females. Further details of the educational and economic status of class members, the relation of these to base-year variables, and a discussion of their plans and aspirations are included. (BW)