This publication reports on a survey of 2,682 local directors of ERASMUS (Action Scheme for the Mobility of Students), a program of international student exchange of the European Community states. Central sections describing study findings in detail cover profiles of the Inter-University Cooperation Programme (ICP) partners surveyed; duties, attitudes, and characteristics of the directors; cooperation between partners and management of the ICP; academic arrangements; and achievements and problems. A final section is a summary that highlights findings including the following: (1) of partner departments almost 20 percent each were at British, French, and German institutions; (2) ICP local directors spent an average 3.3 hours per week on work related to the ICP and in general considered active involvement in the management of the ICP worthwhile for improving their understanding of the host country, for better teaching contacts, and for acquaintance with other teaching methods; (3) 61 percent of ICPs employed systematic criteria for the selection of students; (4) 15 percent of directors observed serious academic problems among incoming ERASMUS students particularly regarding taking examinations in a foreign language, differences in teaching and learning methods, class and group size, and too-high academic level of courses; (5) more than 75 percent of departments found that participation led to some spin-off activities such as research cooperation and staff exchange. (JB)