This third annual report documents performance of Florida public high school graduates who became first-time-in-college students at public postsecondary institutions throughout the State within 1 year after graduation. The outcome report reflects the preparedness of Florida students for postsecondary education by documenting the number and percentage of students who performed adequately on an entry level placement test. The report includes state summaries by district, by postsecondary institution, and by ethnic origin and gender. It then presents reports on each of 75 school districts, indicating the number and percentage of students from that district who passed the placement test, by postsecondary institution, ethnic group, and gender. The report indicates that: (1) the overall performance of students on the placement test declined slightly from 1991-92 to 1992-93, from 60 percent being ready for college-level study to 58.4 percent being ready; (2) performance on the entry-level placement test remained lower in mathematics than in writing and reading; (3) performance of community college students dropped slightly, while performance of State university students improved slightly; (4) all ethnic groups except American Indians experienced a decline in overall performance; and (5) females performed better in writing than males, while males performed better in mathematics, reading, and overall. Appendices include texts of relevant sections of state laws and regulations. (JDD)