A study examined the career paths and training of dance and drama students in the United Kingdom. First, a comprehensive picture of careers and training in dance and drama was generated through visits to 12 schools and interviews with selected school staff, 36 students, and other relevant professionals. Next, individuals who are economically active in the dance and drama labor markets were surveyed by mail. Of the 1,978 individuals surveyed, 934 (47.2%) responded. Although 78% of the dance respondents and 71% of the drama respondents were satisfied with the overall quality of the training they received, fewer than half were satisfied with their preparation for work in their profession. More than half reported needing additional training. Money, time, and lack of good courses were cited as the main barriers to further training. Evidence was strong that the present system of funding training based on discretionary funding is no longer working. Three-fourths of the estimated 20,000-25,000 individuals employed in dance were dance teachers, and three-fourths of the estimated 40,000 individuals in the drama labor market were performers. (Contains 70 tables/figures and 44 references. Appended are the following: 18 supplementary figures/tables; description of the research methodology; and list of drama schools.) (MN)