Participants in the American Council on Education (ACE) Fellows program and Harvard University's Institute for Educational Management (IEM) were compared on demographic characteristics, locus of control, and degree of satisfaction with the program. Thirty-two participants from the ACE program and 82 IEM participants were studied. Levenson's Internality, Powerful Others, Chance Scale was administered to participants to measure locus of control. It was found that participants in IEM were older and had been in administration longer. ACE Fellows were younger and more were faculty members. Those who were administrators had less experience in administration compared to the IEM participants. Participants of the two groups were similar in their academic background and shared similar beliefs on the locus of control scales. Both groups were highly satisfied with their individual programs. While externality was associated with higher satisfaction for both groups, the externality was in different domains. In addition, powerful others were more significant for younger ACE Fellows than for older IEM participants. (SW)