On May 21 and 22, 1987, a conference on educational reform was held in Greensboro, North Carolina, attended by almost 200 North Carolina educational leaders and prominent newspaper editors, along with educational experts from outside the state. The conference consisted of six major presentations and four reaction panels, along with small group discussions. This document summarizes these presentations, reactions, and discussions. Major presentations were made by former North Carolina Governer James B. Hunt, Jr; John Dornan, executive director of the Public School Forum of North Carolina; Craig Phillips, North Carolina State superintendent of public instruction; Donald J. Stedman, associate vice president for academic affairs and general administration at the University of North Carolina; John Alexander, editorial page editor of the "Greensboro News & Record"; Jack Claiborne, associate editor of "The Charlotte Observer"; and Claude Sitton, editor of "The News & Observer" (Raleigh). The presentations by Phillips, Hunt, Dornan, and Stedman were each followed by a reaction panel; the three news editors presented North Carolina educational reform from their vantage point; and the conference was closed by a synthesis by Jack Bardon, acting dean and excellence foundation Professor of Education at the University of North Carolina at Greensboro. The document concludes with a summary of structured small-group discussion sessions, and a summary of the conference evaluation. Appended are an education budget prepared by the 1987 North Carolina General Assembly and a faculty list of the Department of Educational Administration, Higher Education, and Educational Research at the University of North Carolina at Greensboro. (TE)