The conference papers provide an overview of some of the main issues and perspectives in the granting of credit for experience by covering the transition from the construction of educational experiences for and with students for the future to the accreditation of experiences of the past. This also includes the problem of translation or transportation of field experiences into identifiable quantity and quality. In addition they present proposals for defining what a student must present for prior learning and an in-depth discussion of evaluation of experience. Contributed papers present data and an evaluation of a four-year study of CLEP at the University of Iowa and a report on the Continuing Education Unit (CEU) by the CEU Task Force of the Iowa State Coordinating Committee for Continuing Education. Also presented is an overview of current national activities by some institutions. Finally, a charge to continual searching for innovation with quality is given. (Author/JMF)