Findings of a study that examined the effectiveness of a collaborative administrative training program are presented in this paper. The Academy Program, cosponsored by Pepperdine University and the Los Angeles Unified School District (LAUSD), was approved in 1974 as a joint district-university program for the preparation of future administrators. Surveys were mailed to: (1) an unspecified number of Academy graduates who had graduated within the past 5 years and currently held assistant principalships in the LAUSD; and (2) their principals, each of whom rated the effectiveness of one Academy graduate and one nongraduate assistant principal under their supervision. Fifteen completed sets of questionnaires, or 30 responses, were received. The principals, or supervisors, rated program graduates as more successful than their non-Academy counterparts. Supervisors identified program strengths as a strong theory-practice relationship, collaborative student interaction, and the quality of recruits. Recommendations are made to continue the program, increase the university-school district interaction, increase the use of experiential instruction, and recognize the value of cohort grouping. Two charts and six tables are included. The appendix contains a copy of the questionnaire. (LMI)