The Penasco School System's Career Education Program (PENCEP) in New Mexico is being evaluated over a three-year time span. Second-wave data collection (reported here) took place during the third semester of PENCEP's operation, midpoint in its development. A school site similar to Penasco but which has no formal, externally funded career education program was selected for comparison purposes. (Over 90% of students in both schools are Spanish surnamed.) Based on structural questionnaires, data at both schools was gathered during personal interviews with teachers, administrators, seniors, and a sample of fourth and eighth graders. Evaluation focused on the achievement of PENCEP objectives; relation of outputs to achievement of objectives; non-program variables which influence achievement of objectives; impact on community institutions; problems encountered in meeting outputs and attaining objectives; and changes for program improvement. PENCEP objectives include the development of favorable attitudes and conducive behavior toward work and formal education; development of career decision-making skills and job skills; and the placement of students in meaningful, productive careers. Data analysis indicates that the program is running smoothly, but impact on students is ambiguous. It was concluded that the third year of PENCEP operation will be successful if the current level of efficiency in functioning can be maintained, if student gains from the program can be clearly demonstrated, and if full integration of PENCEP concepts, approaches, facilities, and equipment can be accomplished in the school system. (BM)