The bulletin presents data taken in the fall of 1973 for the National Center for Educational Statistics' National Longitudinal Study of the High School Class of 1972. The study surveyed approximately 22,000 high school seniors in 1,200 schools in the spring of 1972. Sixty-two percent of vocational-technical, 24 percent of general education, and 12 percent of academic students indicated that they had received specialized training intended to prepare them for immediate employment upon graduation. Of those who had looked for work in areas where they could use their specialized training, about 80 percent of the vocational-technical and academic students and 77 percent of the general students found jobs. Approximately 87 percent of vocational-technical and 80 percent of academic and general students who worked in training related jobs expressed satisfaction with their training. Although a generally high rate of approval was found, especially among business and office occupations students, two aspects of specialized training were criticized fairly often. First, many persons, especially health and home economics students, did not find their high school training useful in their on-the-job training programs. Second, many persons, especially agricultural and trade and industrial students, would have liked more experience in their training area before starting to work. (Author/JR)