After stating the goals of the new president of Triton College (Illinois) for his first two years of office (1976-78), this annual report focuses upon the activities, achievements, and management concerns of the college for this period. These issues are discussed in terms of the process of developing and implementing appropriate strategies to deal with them and include: instructional improvement, space and facilities problems, financial resources, college management, professional review, community service, a changing student body, and relationship with the Board of Trustees. A series of bar graphs for the periods 1975-76, 1976-77, and 1977-78 present statistics for revenues; financial aid per student; instructional cost per semester hour compared with suburban area averages; expenditures in each area of institutional activity; amounts and sources of grants; student enrollments by program; weekly student contact hours by program; attendance at workshops and seminars; graduates by program; and full- and part-time faculty, administrative and classified personnel. Finally, the paper outlines the major problems facing Triton College in the next ten years, and provides an encapsulated history of the major events of 1976-78. (MB)