Following a brief welcoming statement by Gwen Ericcsen, Executive Director of the Foundation for Oregon Research and Education (FORE), conference papers address a wide range of issues on the current challenges of educational reform. Among these issues are the hard choices brought about by the changing economics of education, and the value of preparing tomorrow's work force by a closer linking of business and education. William "Bud" Davis, Oregon's chancellor of higher education, and Robert W. Sweet, then acting director of the National Institute of Education, are two of six principal speakers represented in the proceedings. Two appendixes include a model of the Centennial (Oregon) business learning center's individual learning program and a chart of per pupil costs from 1949-50 to 1980-81 measuring achievement and Scholastic Aptitude Test (SAT) scores. Proceedings also include memoranda relating to conference funding and a table listing participants according to state and professional status. Of 225 conferees representing government, education, the community, and the private sector, 128 came from Oregon, the rest from Washington, California, Idaho, Colorado, and Arizona. According to FORE Director Ericcsen, the well-publicized conference arrived at a consensus on the need to strengthen American education by doing more with less money, increasing academic achievement and teacher productivity, and reexamining instruction methods for cost efficiency. (JBM)