The Improving America's Schools Act of 1994 (IASA) was signed into law on October 20, 1994, as P.L. 103-382. The legislation reauthorizes the Elementary and Secondary Education Act of 1965 (ESEA) through fiscal year 1999. The ESEA authorizes most federal elementary and secondary education programs, including the Title I program to provide compensatory education to educationally disadvantaged students. It also amends other legislation and establishes new programs outside of the ESEA. The amendments made to the ESEA reflect the following themes: (1) the creation of linkages between major ESEA programs and systemic education reform; (2) increased administrative flexibility for states, localities, and schools; (3) a new focus on several areas of emerging educational and social interest; and (4) somewhat greater targeting on students and schools with high needs. Among the major programs amended or established are the Title I program, the Dwight D. Eisenhower Professional Development program, the Technology for Education of All Students, the Safe and Drug-Free Schools and Communities Act, the Bilingual Education Act, the Public Charter Schools program, the Fund for the Improvement of Education, the Innovative Education Program Strategies, and Impact Aid. Appendices summarize funding levels for ESEA and IASA programs and compare provisions in prior law with the ESEA (as amended by the IASA). Four tables are included. (LMI)