A study examined the educational and employment activities of members of Minnesota's high school class of 1988. Data regarding 15,232 students (14,151 graduates, 503 dropouts, and 578 students school leavers not classified as dropouts) were collected from 87 high schools participating in the Minnesota Secondary School Follow-up System and from 966 of the students' employers. Current employment/education-related activities of the class of 1988 were also analyzed by curriculum area, and trend data covering the years 1978 through 1988 were summarized. At the time of the survey, 33.8 percent of the class members were both employed and attending a school, 24.6 percent were employed only, 1.6 percent were unemployed and not attending a school, and 24.4 percent involved in education only. The percentage of individuals employed and not simultaneously attending any school has generally declined since 1978, whereas the percentage of individuals participating in education only has remained fairly steady. (Appended are lists of secondary schools participating in the project and the specific industries and occupations within categories reported, the base data coding form, and selected survey questionnaires. Also included are 36 figures and 170 tables.) (MN)