This is the final report of a 2-year project that evaluated a formal information literacy instruction program at Cornell University's Mann Library (New York). An evaluation study surveyed graduates of Mann Library's instruction program to determine which skills were retained by students and were useful in their careers after graduation; in addition, employers of Cornell graduates were surveyed to identify which information skills and knowledge are desirable in an entry-level employee. This report presents information on the history and background leading to the need for the evaluation study, and describes the results of a review of the literature of information literacy, information management instruction, and instruction evaluation programs. It defines the goals of this evaluation study, describes the methodology used, and presents results of the two surveys. It is noted that the questionnaires developed for this purpose were not skill tests, but identified major information literacy skills and knowledge needed by college graduates in business and finance. The conclusion discusses the implications of survey results for future program content and evaluation efforts. The following appendixes are provided: the survey instruments and their results; comments from businesses and recent graduates; and the goals and competencies specified by the Mann Library Information Literacy Program. (99 references) (MAB)