These standards for the accreditation of graduate programs of library and information studies leading to a master's degree are a result of review and revision of the "Standards for Accreditation 1972." Six areas are addressed: (1) Mission, Goals and Objectives; (2) Curriculum; (3) Faculty; (4) Students; (5) Administration and Financial Support; and (6) Physical Resources and Facilities. An afterword presents an abridged version of the commentary used during the revision process in order to enhance understanding of the scope and focus of the standards and to define key terms and phrases. The following are listed as important issues at the time of the revision (1989-1992): action orientation; definition of the field; discrimination; distance education; diversity; excellence; future focus; globalization; innovation; interaction with other fields of study and other campus units; management; multiple degree programs; ongoing evaluation processes; philosophy, principles, and ethics; research; specialization; technology; and users. (ALF)