In 2002, five state agencies overseeing technology centers and technical colleges formed a consortium with the Council on Occupational Education, a national accreditor of workforce education institutions. The purpose was to develop common benchmarks and a common report card. Subsequently, the consortium received a 3-year grant in 2001 from the Fund for the Improvement of Postsecondary Education to supplement major funding by the participating states. The model project is built on four premises: (1) a valid and reliable report card must compare like institutions having common missions and common goals; (2) the report card should emphasize excellence and best practices; (3) the benchmark must be based on consistently applied and nationally recognized standards, such as those validated by a recognized authority in the field; and (4) every aspect of data collection, processing, and verification must be consistent to ensure accuracy and a "level playing field" among the participating institutions and states. The project is in its third year. This interim report presents several outcomes from the first 2 years and expresses opinions about what would occur in the third year and beyond. So far, the yield of positive and unexpected results has proved invaluable to all. (Author/SLD)