In February 1994, Antelope Valley College (AVC), in California, adopted a Student Equity Plan to determine the access and success of historically underrepresented students. As part of the Plan, AVC collected data on five student equity indicators: a comparison of ethnic group enrollment to representation in the service area, the ratio of courses completed to the number in which students are enrolled, the ratio of students receiving a degree or certificate to those who held that as a goal, the ratio of students completing a degree-applicable course after completing basic language or skills courses, and the ratio of transfer students to those who earn six or more transferable units and intend to transfer. Data on these indicators for 1990-91 to 1993-94 revealed the following: (1) while American Indian, Asian/Pacific Islanders, and Black students were overrepresented at AVC compared to their representation in the college's service area, Hispanic students were significantly underrepresented; (2) from fall 1991 through fall 1994, all underrepresented groups received "C" or better grades proportionate to their representation at AVC; (3) with respect to degree completion compared to representation in the college population, females were overrepresented, while Black and Hispanic students were underrepresented; and (4) Hispanic students were also underrepresented in transfer to the University of California and California State University systems between 1992-94. Contains 10 tables, and state guidelines for developing student equity plans are appended. (TGI)