In Peter Beardsley's first semester at Amherst College in Amherst, Mass., the sailing team had one boat, held three practices, and attended one regatta. This past fall, just two years later, the Amherst squad practiced regularly in a fleet of eight 420s and attended more than 20 regattas, including four intersectionals. Beardsley, who is both team captain and volunteer coach, says he spends about 30 hours a week running the team and often has to sacrifice his own practice time to help instruct his teammates. Breaking into the top five in the New England Intercollegiate Sailing Association and qualifying for nationals is a difficult task, and Amherst isn't likely to reach that level before Beardsley, a junior, dons a cap and gown and walks across a stage and into the real world. But the native of New Rochelle, N.Y., has long since realized there's more to success than a spot in the rankings or a trip to nationals. In fact, what he's learned running the team may prove to be more helpful in the future than a spot on the All-America list.