From 1974 to 1979, the town of Olney, Texas, operated a single library which combined the functions, but not the collections, of their elementary, junior, and senior high schools, and public libraries. In June of 1979, they dedicated a new building which merged the collections of these libraries. Data for this evaluation and assessment of the functions of the combined library from its inception to the dedication of the new building were collected through 60 personal interviews with library personnel, teachers, students, and community members. Questions focused on problems, successes, day to day operation, budget, funding patterns, and attitudes toward the library. The findings of this study indicate that the combined public/school library in Olney is successful, and it is suggested that other communities of similar size might profitably follow the model developed in Olney. (Author/RAA)