The Assessment of Skills for Successful Entry and Transfer (ASSET)--a student advisement and placement service published by American College Testing (ACT) of Iowa City, Iowa--is evaluated. Focus is on determining whether the ASSET is suitable for assessing the cognitive entry characteristics of students entering the College of General and Professional Training in Canada and the adequacy of the ASSET's content with respect to curriculum. ASSET includes a test battery that: is designed to help secondary school students make sound decisions about college choices; and covers language usage skills, reading skills, numerical skills, and advanced language skills. Topics discussed include: background information; results of a content analysis; an overview of test characteristics and validity; and an assessment of the ASSET for use namely among native French-speaking students in Quebec who speak English as a second language. The ASSET's face validity, content validity, concurrent validity, predictive validity, reliability, and generalizability are assessed. Problems with cultural and linguistic biases, item representation, absence of rationale for choosing items, and poor item discrimination results are the ASSET's disadvantages. The use of a microcomputer and an optical mark reader, generation of local norms, absence of testwiseness strategies, and focus on helping students help themselves are the ASSET's advantages. Twenty-eight tables are included. (TJH)