The Wisconsin Student Assessment System (WSAS) "Knowledge & Concepts" examinations were designed, under legislative mandate, to measure student knowledge in the areas of reading, language arts (including writing), mathematics, science, and social studies. This summary report provides information about the standard setting activities that were held in Green Lake (Wisconsin) in April 1997 for the Knowledge & Concepts Examinations. The report is organized into the following sections: (1) what the WSAS program is; (2) how the proficiency cut scores were set; (3) what the proficiency cut scores represent; (4) how each proficiency category is described; (5) how Wisconsin students compare with others; and (6) who the participants in the standard setting panels were. The WSAS examinations have two components, one component combines multiple-choice items with short-answer items and the other requires the student to respond to a writing test. In April 1997 a representative group of Wisconsin educators and other citizens served on nine panels to establish proficiency standards, which they indicated by placing "bookmarks" at the item in item-ordered booklets that represented the breaking point between proficiency categories of: (1) minimal performance; (2) basic performance; (3) proficient performance; and (4) advanced performance. This report has been updated with the final, approved cut scores and estimates of score distributions for 1996-97. On the fall 1996 examinations, Wisconsin students at the three grades tested (4, 8, and 10) scored well above the national comparison group on the multiple-choice and short answer sections of the test (writing comparisons were not made). (Contains six tables and one figure.) (SLD)