This report presents an evaluation of the International Academy for Bilingual Education and Bicultural Studies, an Elementary and Secondary Education Act Title VII-funded project in its third year of operation in 1992-93. The program provided instructional and support services to 74 Chinese- and English-speaking students in 1 pre-kindergarten, 1 kindergarten, and 1 first-grade class at P.S. 1 in Community School District 2 in Manhattan, New York. The project offered a challenging curriculum designed to develop both groups' proficiency in English and Chinese, providing the participants with a program of bilingual education that used language development and enrichment activities within a framework of whole language methodology as well as cooperative learning. The project encouraged parent involvement and provided staff development workshops. An evaluation of the project found that it met all its pre-kindergarten objectives for social and academic development, content areas, arts, health and physical education, and multicultural awareness. The project met its objectives for English as a Second Language, Chinese language arts, staff development, and parental involvement. The project did not meet its dual language objectives for kindergarten or first grade. Three appendixes provide copies of the student checklist, staff questionnaire, and data collection and evaluation system. (MDM)