This article analyses some of the data collected in a survey by the American Council on Education on the quality of graduate programs in 1970. It discusses: (1) the ratings of faculties of the 50 top-rated graduate schools compared with 80 other institutions; (2) the number of "quality programs" in the humanities, social sciences, biological sciences, physical sciences, and engineering in the 50 top-rated graduate schools as compared with 80 others; (3) the regional strength of the 50 top-rated institutions; and (4) the number and percent of programs at the 50 top institutions that scored below a quality standard. The paper concludes with the suggestion that, although there are a substantial number of unsatisfactory programs offered at the top 50 institutions, these graduate schools may be more than adequate to fill the needs for traditionally trained Ph.D's during the decade that lies ahead. (AF)