The knowledge and skills needed by college entrants are described in depth. Attention is directed to six basic academic competencies that are general skills necessary for effective work in all subjects, along with six basic academic subjects on which college-level study is based. The following basic academic competencies are outlined: reading, writing, speaking and listening, mathematics, reasoning, and studying. Additionally, for each basic academic subject, an explanation is offered of why preparation is important for college entrants. Outlines of what college entrants need to know and be able to do in each subject area are presented also. The subject areas are as follows: English, the arts, mathematics, science, social studies, and foreign language. The newly emerging need for computer competency is also discussed, and another possible competency area (observing) is briefly addressed. The approach to using the combined judgments of hundreds of educators to describe the knowledge and skills areas is sketched, and the College Board's efforts to strengthen the academic preparation of students for college through the Educational EQuality Project is noted. The need for action by schools and others to achieve these learning outcomes is briefly addressed. Appendices include lists of advisory committee members. (SW)