The effectiveness of the financial management practices and the efficiency of the operations of the University of Mississippi School of Dentistry were evaluated, and recommendations to improve operations were offered by the legislative review committee. While the primary emphasis was effective cost management, attention was also directed to: the school's history, enrollments, curriculum, educational philosophy, and school size. The present organizational structure was also assessed, including recruitment of dental school employees, compensation, and employee benefits. Additional areas of analysis were: expenditures per student, tuition, institutional costs, revenue sources, clinic facility utilization, learning resources facility utilization, dental school applicants, accounting procedures and related controls, budgeting, travel, free care, and an intramural private practice plan. Findings include: the dental school expends 58 percent more than the national average to educate its students; the school is ranked low nationwide in sponsored research revenue, tuition income, and clinic income; the school admits only in-state residents as dental students; and the value of the schools' supply inventory is materially understated due to inadequate inventory and accounting procedures. (SW)