Fifty-two cost reduction efforts on college and university campuses are described, as part of the Cost Reduction Incentive Awards Program sponsored by the National Association of College and University Business Officers and the United States Steel Foundation. The incentive program is designed to stimulate cost-effective ideas and awareness of the use of financial, human, and natural resources on campus. While some aspects of a program may be unique to a particular institution, creative administrators may tailor the programs to their schools. Notable programs, some of which received prizes up to $10,000, include: Southern Methodist University's saving of more than $21,000 a year by using a computerized parking citation system using hand-held minicomputers; Kansas Newman College's saving of more than $20,000 by the use of asbestos encapsulation rather than removal of asbestos ceilings; Duke University Medical Center's savings of almost $67,000 by using a mail registration system for campus parking. Additional programs concerned: chemical spill-control kits, gas line survey, training campus police by videotapes, building operator training and development, energy saving steam traps, and monitored purchases of lower-cost fuel for vehicles. A list of all 1985 incentive program participants is included. (SW)