This report presents findings of the California State Postsecondary Education Commission's study of the eligibility of California's public high school graduates for freshman admission to the University of California and the California State University in the fall of 1986. The Commission systematically selected transcripts from 15,973 students from 1,180 state high schools responding to a program undertaken to elicit transcripts from every public regular and continuation high school, public adult school, and California Community College offering a high school diploma program. Regular admission evaluators submitted the transcripts to the same admission analysis that they would have undertaken for first-time freshmen applying for fall 1986 admission. The reviews covered course work completed, scholastic achievement, and entrance examination scores; the latter included scores on the Scholastic Aptitude Test and the American College Test. Characteristics of eligible and ineligible graduates and the context of eligibility are discussed. Results indicate that 14.1% of these graduates were eligible at the University of California and that 27.5% were eligible at the State University. The respective proportions represent 1.6% more and 5.8% less than the master guidelines of the institutions. (TJH)