Since 1978, annual studies have been conducted of the flow of transfer students from the California community colleges to the University of California and the California State University (CSU). The studies have focused on trends in the numbers of transfers and the ethnicity, majors, and age of transfer students. Findings from the study of fall 1987 transfers, which included fall-term data from California's regionally accredited independent colleges and universities, indicated that: (1) 5,465 students transferred from the community colleges to the UC system, a 12.5% increase over the previous year and the largest total number of transfers to the UC since 1979; (2) transfers to the CSU system increased 1.8% over fall 1986 to reach a total of 28,252 students; (3) transfers to private colleges and universities grew by 26% over the prior year, representing a total of 8,086 students; (4) 22% of the baccalaureate degrees awarded by the UC in 1985-86 and 50% of those awarded by the CSU went to community college transfer students; (5) 51% of the transfers to UC were men, while 52% of the transfers to CSU were women; (6) Asian students continued to be the largest ethnic group transferring to UC, comprising 14% of the transfers, while Hispanic students, at 11.2%, were the largest ethnic minority transferring to CSU. (MDB)