This reading inventory was constructed from vocabulary lists and stories in Lippincott's Basic Reading Series (1971 edition). Designed to yield an estimate of a child's instructional reading level for grades one through eight, this program comprises reading selections and tests which are individually administered and to which students respond orally. At each reading level, tests measure the ability of students to recognize words in context, through oral reading and through silent reading plus oral response to comprehensive questions. Included are: (1) a test record sheet which indicates standards for passing and which reflects independent, instructional, and frustration levels of word recognition and comprehension; (2) a summary record sheet which indicates areas of comprehension, mispronunciation, and word recognition; and (3) a diagnostic compilation record sheet. (LL)