Presented is a report on a comparative study of the educational and occupational aspirations and expectations of Cambodian, Hmong, Laotian, and Vietnamese adolescents and youth in the Minneapolis-St.Paul (Twin Cities), Minnesota, metropolitan area. Data were culled from interviews with about 160 informants using a "story" approach as a data collection device. Thirty-three stories about successful, moderately successful, and unsuccessful adults in each of the four ethnic communities were constructed, but because of time limitations, only the stories in the moderate category were used. Adolescents in each of the groups were asked to critique a story and edit it to fit their own lives; the edited stories were then discussed, and the discussion and modified story supplied the study data. Separate findings are presented for each of the four groups. In general, across all four groups, adolescents and youth held educational aspirations higher than their parents had achieved. They saw ethnic prejudice as a barrier to their employment success, but one that could be overcome. Only the Hmong have a refugee culture that might support long-term rather than episodic use of public welfare. Their risk of welfare dependency seems highest. The upcoming group of Hmong seems likely to bifurcate into two social groups: one middle class and the other incapable of achieving full self-sufficiency. These and other findings must be understood from the perspectives of adolescent and youth development. The non-Vietnamese Southeast Asian high school students seem to hold goals similar to local Native American and some Black and Hispanic adolescents, while the Vietnamese students hold higher educational aspirations. Appendices present research notes, the 33 stories, and a sample of the interview worksheet. (BJV)