In order to evaluate the effectiveness of community college transfer programs in Mississippi a study was performed of the state's community/junior college students who transferred to the University of Southern Mississippi and earned a bachelor's degree between 1984 and 1987. Graduates' academic transcripts were reviewed to gather data on sex, associate degree college, baccalaureate program major, degree completion time, ages at entry and graduation, associate and baccalaureate grade point averages, and credit hours earned. In addition, a four-page questionnaire was administered to graduates, requesting information on their baccalaureate program, further education, first job after employment, and general information. Results from both method include the following: (1) more than one half of the students across all degree programs indicated participation in educational programs; (2) the impact which the baccalaureate degree had on respondents earning potential varied for degree programs from a 63.49% increase for education/psychology to a 40.28% for business; (3) it appeared that many graduates were satisfied with their positions, with 90.14% of business and 67% of educational/ psychology graduates indicating that they had earned no further academic degrees; (4) the majority of students completed their baccalaureate degree between 1 to 3 years after their transfer; and (5) graduates who most recently completed their baccalaureate degrees and had a strong relationship between employment and their degrees were the most likely to enroll in further education. Appendixes featuring extensive tabled data and a list of references are included. (MAB)