Accountability mandates from accrediting agencies and state government require community colleges to report student graduation and transfer rates. State reporting systems maintained by the Maryland Higher Education Commission (MHEC) provide one means of computing these measures. MHEC used fall enrollment and degree data to determine graduation and transfer rates for first-time full-time student cohorts entering community colleges in fall 1982 through fall 1985. The MHEC analysis reported the graduation, transfer, and continuing community college enrollment of these four cohorts 4 years after entry. This report examines the findings for Prince George's Community College (PGCC) and four peer colleges; Anne Arundel Community College (AACC), Catonsville Community College (CCC), Essex Community College (ECC), and Montgomery Community College (MCC). Study findings include the following: (1) for three of the four PGCC cohorts studied, the number of PGCC students who transferred to a senior institution without earning an award at PGCC exceeded the total number earning awards at the college; (2) statewide, 25% of the full-time entrants had transferred to a four-year school within 4 years of community college entry; (3) among peer colleges, only ECC experienced lower rates of transfer than PGCC during the study period; (4) between 13 and 18% of the students entering PGCC as full-timers in fall terms 1982 through 1985 had earned an award from the college within 4 years; and (5) less than 20% of the students starting their college careers as full-time students at PGCC had graduated from the college within 4 years. The complete MHEC statewide findings are appended. (GFW)