This report provides baseline information on the education and employment activities of the class of 1989, the last class to graduate before the implementation of school reform in Chicago (Illinois). The survey prepared by the Chicago panel, asked graduates whether they were enrolled in school, whether they were employed, and where they were going to school or working. Graduates were asked about what prepared them, or did not prepare them, for higher education or work; and they were asked how much their plans were influenced by parents, teachers, counselors, and others. In all, 710 graduates out of a sample of 1,237 responded. About 85% of graduates were working, in school, working and in school, or in the military, but there were large differences in activities among members of different racial and ethnic groups. Black, Asian American, and Hispanic American graduates were less likely to be employed than were Whites. Fewer Black and Hispanic American male respondents were enrolled in school than were members of any other racial, ethnic, or gender group. Most respondents thought that high school should have placed more emphasis on basic academics and vocational programs. Graduates overwhelmingly indicated that their parents had influenced their plans a great deal. Recommendations by the Panel are included. There are 22 tables of survey data. Thirteen appendices present specifics about the survey questions and 13 additional tables. (SLD)