Alper and Kramer have invested more than $1000 in ClassMates, which, based on recent sales revenue, they expect to turn into a slight profit before graduating in June. Most of the cost is attributable to advertisements and printing costs of the four-page flyer.

Currently issues are distributed at Harvard, Boston and Tufts Universities, Massachusetts Institute of Technology and Wellesley College. Drops are made at key campus locales and occasionally door-to-door.

The Quincy House seniors have run ClassMates from Alper's Lexington, MA. residence to avoid conflicting with the College's rule against operating businesses out of University dorm rooms.

Alper admits being worried that the project would fail until she saw her P.O. box bulging with responses. "Things were spilling out," she says. "It was the greatest feeling."

The two editors, who initiated the venture in 1985 because "they wanted to run their own business," do not intend to publish ClassMates after they graduate. They are interested in selling the business, but are still searching for a buyer.

Alper and Kramer say they enjoyed this venture, in part because it enhanced their own social lives. "We had a vested interest, and went on a few dates," Alper says.