The Fitchburg (Massachusetts) State College Education Department has collaborated with 38 cooperating teachers from 22 schools in central Massachusetts to develop a clinical mentor program as a component of a new Master's Degree in Education. In addition to the comprehensive clinical mentor component, the program integrates theory, research, and best practice. The unique design of the program provides graduate students with an educational experience, and clinical mentors with excellent additional expertise. Built into the design is a professional development forum for the mentors as well as a formal structure for on-going assessment and development of the Clinical Master's Degree Program. Various aspects of the clinical mentor process are examined, such as the application and selection processes, mentor services, and college administrative and financial support. Also described is a range of possible mentor roles, opportunities, and related field-based issues. The Clinical Master's Degree Program, with its strong mentor component, simultaneously enhances the status of cooperating teachers, exceeds the highest teacher certification standards at the graduate level, and provides an exemplary integrated collegiate field-based professional preparation model. Six appendices provide: lists of courses in various programs; program descriptions; description of clinical experience component; stages of involvement as a clinical mentor; agendas of meetings on the role of a clinical mentor; application process for clinical mentors in early childhood, elementary, and middle school education; and descriptions of two certificate programs for teachers. (Contains 10 references.) (Author/ND)