This report is the third and final phase of a year and one-half study on the feasibility of reorganizing the currently splintered grade system in Providence, Rhode Island into a uniform K through 8 structure. The first volume of the report is an overview of the Providence School System and the goals of the feasibility study. A variety of policy options are proposed, and scenario analyses of them are presented. Reviewed are construction and operating costs. The critical issues surrounding grade reorganization are identified, and strategies for solving problems are suggested. Volume II is comprised of nine appendices of relevant papers and data. (MK)