A COMPREHENSIVE ASSESSMENT OF THE STATUS AND POSITION OF THE ELEMENTARY SCHOOL PRINCIPALSHIP WAS PRESENTED. QUESTIONNAIRES WERE SENT TO 3,506 PRINCIPALS. BASED UPON 1,146 RESPONSES THE DATA WERE ANALYZED AND PRESENTED IN THESE CATEGORIES--(1) ORGANIZATION OF THE ELEMENTARY SCHOOL, (2) PERSONAL AND PROFESSIONAL CHARACTERISTICS OF THE PRINCIPAL, (3) SALARY AND TENURE, AND (4) POLICIES EMPLOYED IN THE SCHOOL. SOME OF THE FINDINGS AND IMPLICATIONS INDICATED THAT THE SCHOOL PRINCIPALSHIP WAS THE MOST IMPORTANT ADMINISTRATIVE POSITION IN THE STRUCTURE OF PUBLIC SCHOOLS. THE REPORT LISTED 35 OF THE MORE IMPORTANT FINDINGS AND DISCUSSED IMPLICATIONS OF (1) ORGANIZATION, (2) SIZE OF THE SCHOOL, (3) FAMILY INCOME, (4) SEX, (5) EDUCATION, AND (6) OTHER RELATED AREAS. (RS)