Patterns of student transfers and performance indicators among selected institutions of the University System of Georgia were studied. Attention was focused on differences in performance as measured by grade point average (GPA) between students leaving one institution for another system institution, and correspondingly of students transferring into a given institution from an institution within the system. Findings include the following: Georgia State University was the strongest magnet for attracting transfer students from most institutions in the Georgia University System, and the University of Georgia served a less strong role as a magnet institution; students who transferred from Georgia State, Georgia Institute of Technology, Kennesaw College, and West Georgia College tended to have higher GPAs after transferring to another system institution; students across system institutions generally lowered their GPA at Georgia Institute of Technology; students who transferred to Georgia State and the University of Georgia often tended to receive lower grades; and students transferring to Kennesaw College and West Georgia College frequently received higher grades after the transfer. A brief review of the literature is appended. (SW)