Between May 15 and July 15, 1987, a study was conducted of transfer and articulation among the public institutions of higher education in New Jersey. The focus of the study was the Full-Faith-and-Credit Policy (FFAC) of New Jersey among the county colleges and state colleges, as well as the Rutgers University System and the New Jersey Institute of Technology (NJIT). Information was obtained through surveys, on-site interviews, official articulation agreements, college catalogs, and other related documents provided by the colleges or the Department of Higher Education (DHE). Study findings included the following: (1) the state and county colleges were unanimous in viewing the FFAC as a desirable policy, though the county colleges tended to describe it more as a concept while the state colleges saw it as an operational reality; (2) an analysis of college catalogs revealed an absence of any formal declaration of commitment to the FFAC by the state colleges, while the catalogs of the county colleges made claims of acceptance of credits that were not supported by data on actual student transfers; and (3) none of the state colleges had over 45% of the county college transfers admitted to the junior class--the requirement of the FFAC. The study report includes results for NJIT, the Rutgers University System, and private institutions in New Jersey; an analysis of problems in such areas as policy versus action, the reality of the FFAC, internecine warfare, catalogues, and transfer/articulation inititations; and recommendations for the State Board of Higher Education and the Chancellor, the DHE, the Transfer Advisory Board, and the county and state colleges. (EJV)