Austin Community College contracted with MGT of America, Inc. in spring 1999 to develop a peer and benchmark (best) practices analysis on key indicators. These indicators were updated in spring 2002 using data from eight Texas community colleges and four non-Texas institutions that represent large, comprehensive, urban community colleges, similar to Austin Community College. A survey was sent out to each of the comparison colleges to collect information on their programs, students, space, facilities, library holdings, staffing, revenues, expenditures, and operations. The findings presented represent findings from the survey results, from information collected from the National Center for Education Statistics, the League for Innovation, the National Association of College and university Business Officers, the College Board, the Association of College and Research Libraries, the Association of Physical Plant Administrators, the Council for Educational Facilities Planners, International and the Texas Higher Education Coordinating Board. Outlines major findings in the following areas: (1) enrollments; (2) faculty; (3) revenues and expenditures; (4) tax base, tax collections, and service area; (5) library and learning resource centers; (6) facilities; and (7) staffing and compensation. Appendix A includes the list of peer benchmarking institutions. Appendix B includes definitions of terms. Appendix C includes the Benchmarking Survey for Austin Community College. (Contain 21 tables and 16 Graphs.) (JS)