A collection of 11 papers from the third part of the conference on the applications of foreign language and international studies to business concentrates on international exchange and study abroad programs. The papers include the following: "The University of South Carolina's Master's in International Business Studies Program" (Margit Resch), "Foreign Language and Business Administration: An Integrated Approach" (Donna J. Skaar), "The Care and Feeding of Undergraduate and Graduate Foreign Language/Business Programs at a State University: Notes for a Case History" (Richard L. Frautschi), "Evaluating Language Communication: The Marriage of Three Departments" (Paul E. Frary, Carol S. Fuller), "The University of Toledo's Model for the Teaching of Foreign Language and Culture Oriented toward the Business Student" (Orlando M. Reyes-Cairo), "Preparation for Internships in Foreign Countries: An International Programs Administrator's View" (H. Martin Limbird), "Internship Abroad by a State School of Modest Means" (Victor S. Drescher and Foster T. Jones), "The International Cooperative Educational Exchange Program of Eastern Michigan University" (Ray Schaub), "The Business-Language Program at the University of Rhode Island and Its Role in the International Cooperative Education Exchange Program" John M. Grandin), "On-Site Transcultural and Foreign Language Training for Business and Industry" (Michael S. Tang), and "Possibilities and Problems of a Multidimensional Cyclical Approach to Internal In-Service Training for Company Language Trainers: The Kraftwerk Union Experiment" (John Bennett). (MSE)