In spring 1996, Florida's Pensacola Junior College (PJC) undertook the fourth assessment of institutional effectiveness using an assessment plan developed between 1990 and 1993. Outcomes were examined for the 1995-96 academic year with respect to the 51 goals, 147 objectives, and 253 indicators of effectiveness identified by the assessment plan in 16 functional areas. Area supervisors were requested to report on at least one objective and one indicator for each of the goals. Results of the process included the following: (1) 97 of the 253 indicators were selected to be reported for 1995-96, although with multiple reports for some indicators a total of 233 indicator reports were received; (2) 90.1% (n=210) of the indicators were shown to have been fully met in terms of designated levels of performance; and (3) indicators that did not meet standards included increasing annual student contacts by 2%, correctly placing 90% of first-time in college students, achieving a 5% annual increase in students, and including grade distributions in faculty evaluations. It was concluded that the central mission of the college was affirmed by the results of the assessment and it was recommended that the assessment be continued in 1996-97; that the number of indicators be increased with special emphasis on those indicators that relate to outcome productivity measures rather than measures of internal processes. Tables showing outcomes by indicator and indicators that were not reported are included. (HAA)