Parental separation or divorce is a life transition experienced by a significant number of adolescents every year. To examine the relationship between differences in current adjustment and a number of demographic, personal, and situational factors, 65 college students, aged 17-23 who had experienced parental separation or divorce between the ages of 12 and 21, completed questionnaires. A series of measures designed to examine the impact of parental separation/divorce on adolescents and to identify salient individual and situational adjustment mediators were administered to subjects. Multiple regression analyses revealed several factors to be particularly salient mediators of the adolescents' post-divorce adjustment, including distance from home, personal coping style, family cohesion, parental remarriage, and the use of family members for support. Subjects who were farther from home had lower estimations of personal worth and were more anxious, depressed, and hostile than subjects closer to home. Females had more positive views of themselves as individuals, but also reported more anxiety and depression than males. Subjects' current age and their age at the time of parental separation were the most consistent significant predictors of perceptions of family environment. The findings suggest that a life transition framework may best mirror the quality of the divorce experience. (Author/NRB)