This study examined whether female undergraduate students who share with male undergraduates similar demographics, perceptions, and alcohol use locations, also share similar alcohol usage patterns, negative consequences, and predictors for both. Secondary analysis was conducted using 1992 and 1993 U.S. Department of Education Core Survey data collected from 345 male and 584 female undergraduates at two private, midwestern liberal arts colleges. Male and female multiple regression predictor models for alcohol usage and negative consequences were created and compared. Results indicated that the demographics, perceptions, usage locations, alcohol as the drug of choice, age of first usage, and moderate usage were similar for both genders. Females, however, preferred occasional drinking, whereas males preferred heavy drinking, except in residence halls where both were heavy binge drinkers. Despite their predominantly occasional and moderate drinking, females were still similar to men in suffering 15 negative consequences of drinking, such as memory loss, thoughts of suicide, arrested for driving under the influence of alcohol, or missing classes. The paper concludes with 12 recommendations for preventive and intervention programs for institutions of higher education. (Contains 75 references.) (DB)