In this study, research focused upon four major areas: (1) the impact of variations in State allocation formulas; (2) the influence of district level hold harmless positions on the distribution of Title I funds to districts; (3) the impact of variations in the source or tabulation of poverty data used by States; and (4) the impact of the two tier system of allocating funds to counties on the basis of the statutory formula and then allocating county funds to districts on the basis of a possibly different formula. Data, which were collected at State, county and district levels are contained in numerous charts and tables. Districts and types of districts which would gain or lose funds under alternative allocation formulas and procedures are identified through statistical analysis. The impact of each research area is both summarized and discussed in detail. (WI)