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A study was conducted to determine if different benefits would accrue to Colorado graduates of Associate of Applied Science Degrees (AAS), Associate of Occupational Studies Degrees (AOS), and vocational certificate programs if the programs were of equal length, occupational curriculum content, and quality of instruction. As a part of the study, an instrument for statewide use in assessing employer attitudes was developed. One hundred thirty-eight individuals representing a variety of employing agencies were surveyed. Survey results indicated that, when given two hypothetical job applicants with similar qualifications except that one applicant had an AAS degree and one had a two-year vocational certificate, 51 percent of respondents selected the AAS degree, 37 percent selected the certificate, and 12 percent had no preference for hiring. Also, when respondents were asked to rank hypothetical individuals for hiring likelihood and promotion potential, individuals with the AAS degree were ranked significantly higher than those with either the AOS degree or the two-year certificates for both hiring and promotion. (Survey instruments are appended.) (LRA)