An overview is provided of the planning process used by Anchorage Community College (ACC), along with detailed plans for fiscal year (FY) 1986. Introductory material highlights the history of ACC and its projections for the future; and provides information on the goals and objectives, timeline, and annual cycle of the planning process employed at the college. Next, the mission statements of the University of Alaska and of ACC are presented. The third section identifies the objectives, services, and assumptions supporting three central college goals: (1) creating a student-centered learning environment; (2) making educational opportunities and successful experiences accessible to previously underserved populations; and (3) establishing educational partnerships with business, and public and private agencies. For each college goal, objectives for attaining the goal are outlined, services designed to achieve the goal are specified, and assumptions affecting goal achievement are presented. The final section discusses the processes used to review instructional programs and services at ACC. Appendices provide: a list of the members of ACC's Council and the Planning and Budget Team, an organizational chart for ACC, an FY86 planning process chart, and actual and forecasted enrollment figures. (HB)