Two validity studies of the College Board College-Level Examination Program (CLEP) Subject Examination in Elementary Computer Programming: Fortran IV determined that CLEP scores are appropriate for granting examination credit at the University of Texas at Austin. The standard-setting administration was in the spring of 1979, with a re-evaluation in the spring of 1982. This CLEP test measures knowledge, understanding and skills equivalent to those normally gained in one semester of an introductory college course in Fortran IV. Students enrolled in Electrical Engineering 212 took the CLEP test as a final examination and instructors submitted preliminary course grades prior to testing to establish a grade relationship with CLEP scaled scores. The relationship of examination and course performance was examined in terms of descriptive statistics, expected grades, possible decision scores, placement accuracy, and scoring guidelines. In 1979 a score of 48 was recommended for credit with the minimally satisfactory grade of C, and 55 and 62 were suggested for credit with the grades B and A, respectively. In 1982 the decision score for credit with a grade of C was recommended to be 51, a grade of B at 57 and a grade of A at 60. (CM)