Project Opportunity, a cooperative endeavor of the College Entrance Examination Board and the Southern Association of Colleges and Schools, is a long-term demonstration guidance project that has operated at 11 centers in the South since 1964. Funded primarily by the Ford Foundation, the program focuses primarily on high school students from minority/poverty backgrounds. The project's primary purpose is the encouragement of greater numbers of students to stay in school and subsequently to continue their education at an appropriate school or college. The only full-time staff member at each center is a Project Opportunity counselor; this counselor works within the normal school setting and is assisted by a local policy committee that is composed of school administrators and representatives from nearby colleges that have agreed to sponsor the program. Report Number 1972-5 examines data concerning the third successive group of Project Opportunity students. Summary data is presented for the 411 Group III students who completed high school in May and June of 1972 at the 11 centers. Report Number 1972-6 focuses on the colleges chosen by the outstanding black graduates of the program. Thus far in the three graduating groups, there have been 582 black students who have continued their education at some college or other post-secondary institution. [Reproduced from the best available copy.] (Author/JM)