Testimonies, prepared statements, and supplementary materials presented at a hearing on the role of business in educational reform and implications of the Hawkins-Stafford Amendments of 1988 are compiled in this document. Findings from a survey of state Chapter 1 coordinators are provided, as well as information about the American Business Conference's "The Vital Link" program and Chapter 1 improvements. Statements and prepared statements are offered by such groups as Compensatory Education, California State Department of Education; Committee for Economic Development; National Alliance of Business; The Business Roundtable; and the U.S. Department of Education. (LMI)