Faced with an enrollment decline of 36 percent in the last three years, New England College (New Hampshire) has developed a long-range plan for making itself smaller. Changes which are being made include: (1) reducing the number of faculty; (2) reducing the amount of student housing; (3) adding another person to the fundraising staff; (4) offering a major in computer science; (5) introducing an engineering program on the British campus; (6) adjusting the school year; (7) eliminating the music and folklore academic programs; and (8) focusing on energy conservation. (DC)