Colleges of education have come under scrutiny in their preparation of principals. Even professors of education have joined in the criticism characterizing these programs as bankrupt, fragmented, and going down a road to nowhere (Norton, 2002). This article is part of a collaborative research effort of the University Council for Educational Administration, the goal of which is to engage the leadership preparation field more broadly in the individual and comparative study of each program's effectiveness and impact (Orr & Pounder, 2006). This study used within-program comparison of follow-up survey responses from two sets of program graduates from a university-based leadership preparation program to determine differences in program features and outcome measures. (Contains 11 tables.)