Shedding That Preppy Image: At age 200, Andover reaches out "to youth from every quarter".

The article focuses on Phillips Academy in Andover, Massachusetts, founded by Samuel Phillips, a gunpowder manufacturer, in 1778. It states that Phillips Academy held the top rank of American preparatory schools. It mentions that some of the notable capitalists and public servants in the U.S. came from Phillips Academy such as Henry Stimson and George Bush. The school's headmaster Theodore Sizer says that the school established a 50 million dollars fund-raising campaign to raise money that would help maintain the school's diversity and excellence at the midst of high inflation and weak stock markets. It adds that like Phillips Academy other first-line schools made money-raising efforts and budget tightening due to inflation. Moreover, the school will celebrate its 200 anniversary in 1978.