This report describes Learning Unlimited, an alternative education program at North Central High School in Washington Township, Indianapolis, Indiana, as a model upon which other alternative education programs might be based. The program was established to keep potential high school dropouts in school, and to provide a new kind of educational experience for students who were successful in but unchallenged by the traditional high school curriculum. Its main emphases are individualized learning activities and methods based on student-developed objectives, learning through community experience, and one-to-one student teacher relationships. The report (1) provides a brief history of the program from 1974 to the present; (2) identifies areas of learning and educational activities that offer challenges to students; (3) describes such elements of the academic program as individualized learning contracts on which each students' attendance at every class are based; (4) explores various types of community learning experiences; and (5) discusses elements that contribute to the effectiveness of this and similar programs, including student and staff characteristics, resources, staff development, and evaluation. The impacts of Learning Unlimited on North Central High School and Washington Township are described, and questions and answers concerning the program are presented. (MJL)