This study conservatively estimated the tangible economic impact that Casper College (Wyoming) had on Natrona County and the state. These data are presented in Part 1 of the report. Findings include: (1) the direct impact of the college on Natrona's economy was estimated to be over $41 million; (2) for every dollar spent by county taxpayers in support of the college, $32 is returned to the county's economy; and (3) more than 89 million dollars was pumped into the economy of the State of Wyoming by the expenditures of the college, its employees, and its students. Part 2 of this report examines the impact that completing a program of study at the college had on the earning power of its students. Based on a study of 1,003 Casper program completers from 1996-98, findings include: (1) program completers earned an average of $40,913 during the eight quarters after they finished studies at the college, while members of the control group averaged earnings of $33,243 for the same period of time; and (2) assuming that the average completer would work for at least 30 years and their pay differential ($7,670) would never grow beyond the increase over the first eight quarters, the average individual would have earned an additional $214,760 throughout his or her work life. (EMH)