In an examination of institutional decision making, this study identified types of data used by college presidents in assessing their institution's stability and their perception of the comparative importance of various indicators purported to demonstrate the vital signs of an institution. Indicators were in the areas of Student Flow, Finance, and Personnel. Three rounds of the Delphi method were employed over a four-year period. Presidents were asked to indicate their assessment of the relative importance of each of the indicators using the following scale: high importance--3, moderate importance--2, low importance--1, and no importance--0. Mean scores and rankings were calculated for each informational subset within the three areas. Although the rankings according to highest mean values varied, the five highest rated items in each informational subset were consistent in each round with only minor exceptions. The data indicated that although the context in which decisions were made was changing, the indicators utilized by presidents to determine the vital signs of their institutions' stability changed little over the four-year period of the study. (Author/JMD)