Recent development and implementation of cooperative education on the graduate level in the U.S. and Canada is examined in this study. Several questions are addressed: How and why did graduate cooperative education programs begin? How was the program received on campus? What are the major program characteristics? What problems or issues are encountered in graduate cooperative education that are not encountered in undergraduate cooperative education? What is the future outlook for cooperative education on the graduate level? From telephone interviews from respondents at 30 operational graduate co-op programs, data are presented on: objectives, personnel involved, funding, attitudes, student and employer recruitment, mandatory/optional programs, schedules, lines of reporting, time and number of placements, curricula, policies, academic credit, tuition, salary range of graduate co-op jobs, graduate placement, current issues, and future plans. It is concluded that graduate cooperative education occurs on a much smaller scale than initially anticipated, and that approximately half of the programs operate on an ad hoc basis, most operated by the same staff people responsible for the undergraduate program. Difficulties in finding appropriate cooperative jobs are noted. Recommendations for improvement are offered. (LBH)