A COMPLETE PROPERTY APPRAISAL SERVES AS A BASIS FOR CONTROL, INSURANCE AND VALUE ESTIMATE. A PROFESSIONAL APPRAISAL FIRM SHOULD PERFORM THIS FUNCTION BECAUSE (1) IT IS FAMILIAR WITH PROPER METHODS, (2) IT CAN PREPARE THE REPORT WITH MINIMUM CONFUSION AND INTERRRUPTION OF THE COLLEGE OPERATION, (3) USE OF ITS PRICING LIBRARY REDUCES TIME NEEDED AND INCREASES EFFICIENCY, (4) IT WILL PROVIDE CONSISTENCY AND UNIFORMITY, AND (5) THE FINISHED REPORT IS MOST USEFUL TO THE CLIENT. BUILDING APPRAISAL PRESENTS PROBLEMS WHICH VARY WITH THE AGE OF THE CONSTRUCTION. FIRE INSURANCE APPRAISAL PRESENTS PROBLEMS WHICH VARY WITH THE AGE OF THE CONSTRUCTION. FIRE INSURANCE APPRAISAL VALUES INCLUDE (1) NEW REPLACEMENT COST, (2) NEW REPLACEMENT INSURABLE COST, (3) SOUND OR DEPRECIATED VALUE, AND SOUND INSURABLE VALUE. A PROPERTY CONTROL SYSTEM IS THE BEST METHOD OF CONTROLLING MOVEMENT, ACCOUNTING FOR ASSETS, AND DETERMINING NEEDS FOR REPLACEMENT AND ADDITION. USE OF ELECTRONIC DATA PROCESSING EQUIPMENT FACILITATES THE PROCESS. THIS ARTICLE IS PUBLISHED IN "COLLEGE AND UNIVERSITY BUSINESS," VOLUME 39, NUMBER 1, JULY 1965. (WO)