This report describes the first of a series of research projects which will attempt to characterize the performance of Hawaii's public school system. The measure of performance was the 1992 National Assessment of Educational Progress (NAEP) mathematics examinations and their linked versions used in the 1991 International Assessment. The NAEP was selected because it is considered satisfactory with respect to content and form and because the psychometric model underlying its scoring yields a single scale that allows easy comparison. Based on the unstandardized results of the 1992 mathematics assessment, Hawaii was among the lowest performing states. Once results were standardized to reflect a single (national) demographic composition, Hawaii's rank among participating states increased only slightly. While the United States ranked near the bottom for the international assessment, Hawaii's students were ranked still lower. The report explicitly avoids any examination of the reasons for the low achievement of Hawaii's students. Eight figures illustrate the analysis. (Contains 9 references.) (SLD)