This study examined academic library usage and outcomes. The objective of the study was to understand how academic libraries help students learn and assist faculty with teaching and research. From March to May 2005, nine Colorado institutions administered two online questionnaires--one to undergraduate students and another to faculty members who teach undergraduate courses. A total of 3,222 undergraduate students and 395 faculty responded. Student surveys indicated they access library resources both remotely and at the library, students have success at finding needed resources at their library, and they use the library website in a variety of ways. Faculty responses indicated that their library supports instructional plans through access to course specific materials and by providing students with library instruction. The study also compares undergraduate library use to faculty use and concluded that faculty use remote library access more than undergraduate students. The following are appended: (1) Undergraduate Student Questionnaire; and (2) Faculty Questionnaire. (Contains 11 tables and 71 charts.) [This document was funded through the Library Services and Technology Act (LSTA) by the Colorado State Library, Colorado Department of Education.]