This study analyzes the Education Improvement Expense program by examining its evolution, implementation, and implications. The examination covers an historical overview of the creation and development of this program. The overview includes investigation of factors that resulted in the initial movement toward increased state funding of a non-categorical type and the creation of E.I.E. Actual implementation of the E.I.E. program is examined through an analysis of nine county plans selected to represent a cross section of school districts in Florida. Primary sources of information are used in this study and include plans of school districts, evaluation reports of the districts, state publications related to the implementation of this program and personnel interviews. Advantages and disadvantages of the program are listed. It is concluded that if the E.I.E. program is adequately financed to approach its theoretical potential, this program could serve as a model for future school improvement plans throughout the nation. (ON)