This final report on the second experimental year of the Vocational Exploration in the Private Sector (VEPS-II) program presents an assessment of program operations, administration and impact. VEPS was designed as a training and vocational exploration program for in-school Neighborhood Youth Corps (NYC) enrollees who were probable dropouts. The main departure from the regular NYC program was that VEPS enrollees were placed at private sector work stations and received intensive counseling. NYC programs paid one-half of enrollee wages. Information was obtained on 716 enrollees in eleven cities which were intensively monitored. Ninety and one-tenths percent of the enrollees remained in school or graduated; 53.9% completed the full year program. Academic records for enrollees who completed the program indicate that 62.0% improved their grade point average from the previous year. Forty-eight and eight-tenths percent of the enrollees missed fewer school days during VEPS-II than the previous year. Among 179 seniors who completed VEPS, 71.5% continued their employment, 9.5% continued their education and 4.5% joined the military, 10.6% were not working after graduation, and 2.8% were married. (Author)