The status of the high school class of 1972, as it was two years after graduation in October 1974, is described in terms of questionnaire survey responses. Students from 1,153 high schools participated and 20,872 students responded to the questionnaire out of the total group of 23,451. The development, administration, and reliability of the survey are described, and copies of questionnaire forms are included. The results of the questionnaire include the following: 23% were attending 4-year colleges, 9% were attending 2-year colleges, 6% were looking for work, most of the rest were employed, 17% of the males and 32% of the females were married, and half of the married persons had children. The purposes of the follow-up study were to identify the major decision points that affect the educational and life patterns in the intermediate postsecondary period, and to provide insight into the relative importance of factors which determine probabilities at these choice points. (Author/CTM)