Based on the current literature, new facts and developments, and observations and interviews with 22 exemplary institutions, this paper reviews the issues and assumptions underlying articulation and transfer, and provides a descriptive summary of emerging policies, practices, and trends. The paper begins with three introductory sections: background information, student demographics, and transfer issues. The major section, on issues, focuses on the academic quality of transfers and increasing the opportunity for transfer by removing artificial barriers. The central portion of the paper describes and summarizes the impact of declining enrollments on the major functions and academic areas of an institution. The development follows in sequence from articulation and recruitment through admissions and the awarding of credit to curricular concerns, student services, and institutional resources. In particular, the section on awarding credit covers D grades, exemption processes, full in-faith transfers, credit limits, extra-institutional credit, and transcripting. The concluding sections are devoted to current trends and near term changes. (Author/MSE)