The results of the program of credit by examination at the University of Texas at Austin during the 1986-1987 testing year are presented. The data provide a basis for a comprehensive picture of the impact of the program on this campus. The examinations covered 51 subject areas with 171 courses taught in 36 departments/divisions in 8 colleges and schools of the University (business administration, communication, education, engineering, fine arts, liberal arts, natural sciences, and nursing). Evaluation of the 26,023 test scores is recorded. The results of tests in the 10 subject areas in which the majority of students were tested during 1986-1987 are displayed (biology, chemistry, English, French, German, government, history, math, physics, and Spanish). The three subjects standing out as the ones in which students most often attempted to earn credit by examination are English, Spanish, and mathematics, and they also generated the majority of semester hours of credit eligibility. A 5-year summary of credit by examination at the University of Texas at Austin (by subject area) is presented with the 10 largest volume subjects shown individually. The results of examinations in the eight colleges and schools are shown separately. The five testing categories covered in this report are institutional administrations, departmental administrations, and national administrations of CLEP (College-Level Examination Program) subject examinations, Advanced Placement examinations, and achievement tests. Four figures and 13 tables are included. (SM)