Objectives and progress of the Student Impacts and Outcomes Committee created in the summer of 1985 at Eastern New Mexico University are reported. The committee was formed to measure and assess the impact that 4 years of college have on a student, and intends to track an entire entering freshman class from the time the students apply until they leave, with a follow-up 2 to 5 years later. It will then track every fourth entering freshman class, i.e., as one class enters its senior year, the new entering freshman class will become the study population. Five subgroups were formed to consider knowledge outcomes, skills outcomes, attitudes and values, relationship with the university, and occupational outcomes. Each subgroups will identify the most appropriate data to collect and possible data collection instruments. Updates of the progress of each of the five subgroups are presented. Two recommendations are offered: (1) to measure general knowledge outcomes, the short form of the American College Testing Program's College Outcome Measures Program Examination (ACT COMP) should be used for pre- and post-testing; and (2) the ACT Entering Student Survey, the ACT Withdrawing/Non-returning Student Survey and the ACT Student Opinion Survey should also be employed. Two policy recommendations are also offered: the mission statement should be rewritten, and the philosophy of the general education component is needed in writing. (SW)