To develop a comprehensive picture of successful Arizona community college transfer students and to determine differences between two-year college transfer, four-year college transfer, and native university students, a study was conducted of the characteristics, goals, and outcomes of students graduating with a baccalaureate degree from four major Arizona universities. Questionnaires were mailed to 930 students who received a baccalaureate degree in spring 1990, and usable responses were received from 519 graduates of whom 176 were identified as community college transfers, 11 as four-year college transfers, and 332 as native university students. Analyses of the responses revealed the following: (1) for community college transfer students, common objectives for attending their college were to take a program to prepare for transfer (25.1%), earn a transfer degree (24.6%), and earn a bachelor's degree (16.4%); (2) 164 of the community college transfer students were "very satisfied" with their transfer education, with females giving slightly higher ratings than males; (3) the most frequently cited factors for choosing a transfer institution were location (88%) and cost efficiency (82%), while factors in baccalaureate university selection included location (94%) and academic reputation (93%); and (4) mean final semester grade point averages were 3.31 for two-year college transfers, 3.23 for native students, and 3.06 for four-year college transfers. Detailed results, correspondence, and the survey instrument are appended. (MAB)