This report investigates the concept of the Quality of Life (QOL) and presents a developmental methodology for constructing a measurement scheme to assess the QOL. A brief synopsis is given of the research that has been done in this area to date including various guidelines and rationale used in attempting to develop a meaningful social indicator for the QOL, and the current state-of-the-art and research concerning attempts to adequately define and assess QOL. An operational definition of a QOL index and discussion of terminology is presented. Thereafter the report discusses the functional relationship between objective and subjective conditions used as a theoretical framework to measure QOL and develop a QOL Index. QOL factors are presented encompassing Economic, Social, Political, Health, Physical and Natural Environmental Sectors. Each of these factor lists is divided into subfactors and encompasses such things as income distribution, family, electoral participation, nutrition, housing, and air. Objective measures, where they exist, are given for each subfactor, although they are merely examples and by no means an exhaustive listing. The report closes with a discussion of analytical dimensions of QOL Index and the potential uses and misuses of such an Index. (Author/BB)