This report summarizes findings of a 3-year study conducted by the SouthEastern Regional Vision for Education (SERVE) that examined the effectiveness of the implementation of a public-private partnership effort at South Pointe Elementary School in Miami, Florida. South Pointe was the first public school in the United States to be run by a private, for-profit education company, Education Alternatives, Inc., (EAI), under a five-year contract. The Tesseract Way program, developed by EAI, is comprised of 27 teaching/learning components. The SERVE study focused on three successful components used at South Pointe--the parent empowerment program, extensive use of technology, and the changing role of teachers. Based on a 3-year review of the school's curriculum, it appeared that by July 1994 South Pointe was successful in implementing the teaching/learning principles and that these principles were institutionalized into the daily activities of teachers and students. Findings were based on personal interviews with staff, parents, and students, and inschool observations. In June 1995, the Dade County School Board did not renew the contract with EAI. District-office reports indicated that South Pointe students did not excel any more than did other Dade County students. EAI responded that test scores are not the only or even the best measure of student progress. Appendices contain an illustration of the Tesseract Way components and results of the 1992-93 parent survey. (Contains 19 references.) (LMI)