In response to an Oklahoma state mandate, for the second year, a comparative study was done of the graduation rates of scholarship athletes and the student body as a whole. The study used data from the student-cohort flow system to determine whether students graduated within 6 years of enrollment (for four-year institutions) or within 3 years of enrollment (for two-year institutions). Graduation rates were computed by race and gender for all students, all scholarship athletes and individually for 11 sports, and for four-year and two-year schools. The report reflects graduation rates for 15,435 students, 408 (2.6 percent) of whom were identified by their institutions as scholarship athletes. The study found that graduation rates for scholarship athletes at public comprehensive and four-year universities were approximately the same as for all students at approximately 35 percent, that white scholarship athletes graduated at a rate four-fifths that of all white students, that black scholarship athletes graduated at a rate more than a quarter again of that of all black students, and that scholarship athletes within three racial groups graduated at a rate higher than the all-student category within that group. The bulk of the document presents tables of data from the study. An appendix contains the legislation that mandated the study. (JB)