This survey determined the proportion of Arizona high school graduates who continued their educations, became employed, enlisted in the military, or chose another alternative. Surveys mailed to 5,288 graduates of Arizona public schools were completed and returned by 1,347. Female and white students were more likely to respond. At graduation, 86 percent of the respondents planned to continue their educations, 55 percent to be employed, 5 percent to enlist in the military, and 5 percent to become a homemaker or a volunteer. Eighty-two percent of the respondents enrolled in some form of postsecondary education after graduation in 1991, and 77 percent expected to be enrolled in 1992. Asians were most likely to have enrolled (97 percent) and American Indians were least likely to enroll (58 percent). Half had been gainfully employed more than 6 months of the year since graduation, and 83 percent of those continuing in school were also working. Respondents were basically satisfied with their high school experiences as preparation, with very good or satisfactory ratings given by 85 percent. In spite of these generally favorable ratings, most of the respondents' voluntary comments expressed frustration and disillusionment. Comparisons with the class of 1989 indicate that 1991 graduates face a more hostile world, or were less well prepared, since both employment and enrollment in postsecondary education declined over the 2 years. Twenty tables present responses and findings. Five appendixes discuss survey methodology and responses and include survey instruments. (SLD)