This document presents findings from the fourth and final phase of a longitudinal study of teacher education. The report is based on data collected in 1991 and 1992 from interviews with 100 beginning teachers trained at the Auckland, Wellington, and Christchurch Colleges of Education in New Zealand. The investigation focused on beginning teachers' experiences during their first year in the classroom; their perceptions of how they acquitted themselves as teachers, and their views on the effectiveness of teacher training. Following an introduction that deals with aims of the study, research objectives, and a summary of main findings based on data collected in 1991 and 1992, the report is organized into the following sections: methodology; graduates who did not get jobs; four-year students; beginning teachers; the first year of teaching; the value of the college program; the school and classroom experience; equity issues; the professional development of beginning teachers; and a discussion of issues that emerged. Approximately half the document consists of a series of beginning teacher profiles making extensive use of direct quotations. (LL)