Through its cooperative education and industrial training program, Don Mariano Marcos Memorial State University (DMMMSU) in the Philippines provides 250-800 hours of work-based education to students enrolled in 3-, 4-, and 5-year programs of training for such occupations as professional engineer, technologist, teacher, and technician. At the undergraduate level, cooperative education and industrial training are an integral part of DMMMSU's programs engineering, teacher education, and technician training programs. Cooperative education and industrial training and a course titled Business and Industrial Cooperation are offered as elective courses in DMMMSU's graduate college. During the past 10 years, DMMMSU's cooperative education and industrial training program has been shown to offer the following benefits: (1) a balance has been established between theory and practice; (2) students have developed a better understanding of their chosen industries/careers; (3) students are able to be useful and productive immediately upon entering their chosen profession; (4) students' interest in their field of specialization has increased; (5) contacts between faculty and industry have increased; (6) faculty have been better able to meet the criteria established for faculty retention, tenure, and promotion; and (7) an avenue for technology transfer between DMMMSU and industry has been opened. Contains five references. (MN)