The distribution of Supplemental Educational Opportunity Grant (SEOG) funds was investigated by the General Accounting Office. The SEOG program is a campus-based aid program that provides money to schools, which then distribute it to students. Attention was directed to the following concerns: the kinds of schools that receive SEOG funds, the family income of students receiving SEOG funds, the distribution of SEOG funds to different categories of institutions, and whether SEOG funds are going to students who receive Pell grants. The chief finding concerns the distribution of SEOG funds for dependent and independent students from different income categories. For dependent students (the larger group), the data show that in 1983-1984, the funds did not appear to be concentrated on students from lower income categories. SEOG dollars were awarded to students in all income categories, from the highest ($25,000 or more) to the lowest ($14,999 or less). This overall pattern held for all four groups of schools examined (private, public, private historically black, and proprietary), although in varying degrees. For independent students, SEOG recipients from all four groups of schools were concentrated in the lower income categories. Technical information on the sample and research methods is included. (SW)