In 1984, a research study was conducted to document whether magnet schools provide quality education and promote racial/ethnic balance. As a result of the study it was found that magnet schools: (1) are associated with positive student achievement; (2) produce consistent effects in elementary and secondary schools and in schools with different racial composition; (3) encourage students to become more interested in learning; (4) have a strong program identity with clear goals and a rich curriculum; (5) have higher parent participation and support; (6) have a positive school climate; (7) have high levels of communication; (8) have teachers who are confident in schools and in the magnet concept; (9) reduce racial isolation; and (10) have racial composition reflecting district-wide averages. To further advance the magnet concept, several recommendations concerned with providing magnet schools with additional support are offered to State-level decision-makers. The report includes tables and graphs that demonstrate the statistical bases for its evaluation. A list of the schools covered is also included. (PS)