TWO hundred sixty-seven undergraduate and 102 graduate degrees (78 M.Sc.'s and 24 Ph.D.'s) were conferred on students at the 103rd Commencement of the Colorado School of Mines May 6 in the Green Center's Bunker Auditorium.

Following Commencement ceremonies, a reception for the graduates, their families and friends was held in Friedhoff Hall.

"Colorado at the Crossroads" was the title of the Commencement address delivered by Colorado Gov. Richard D. Lamm, who received an Honorary Doctor of Engineering degree.

Lamm told graduates that the profligate use of our resources cannot long continue and that we must learn to differentiate between supply and demand. He said he thought that we are suffering not only from inadequate supply but also from excessive demand.

"There is today a philosophic conflict between those who see our salvation only in terms of increased growth," Lamm said, "and those who fervently espouse increased efforts at conservation. I would hope that Colorado would lead the way in reconciling these opinions on how we solve these problems. We must do both-produce more and conserve more. . . "

Seventeen of the 38 surviving members of the Class of 1927 returned to the campus for their Golden Anniversary Reunion, marched in the procession at Commencement, and received silver-and-gold diplomas during the ceremonies. They also attended the Golden Reunion Breakfast hosted by Dr. and Mrs. Guy T. McBride, Jr., the 1977 Alumni Banquet Thursday evening, and their own formal cocktail and dinner party on Friday at the Foothills Ramada Inn.

A few days before Commencement, seniors don neckties and shorts and proclaim "Necktie Day."