This report on federal research and development (R&D) funding has been prepared to meet the need for timely updated data following release of President Reagan's 1985 budget request. These data are presented in tabular and graphic format for three areas: (1) national R&D effort (national R&D expenditures and R&D as a percent of the gross national product--GNP); (2) federal R&D funds (total R&D obligations, R&D obligations by agency, R&D obligations by character of work, basic research by agency, applied research by agency, development by agency, defense and nondefense R&D, defense R&D, defense R&D by character of work, and nondefense R&D by character of work); and (3) federal R&D obligations to universities and colleges (total R&D obligations, R&D obligations by agency, basic research obligations, and basic research obligations by agency). Each table and graph is accompanied by a brief note highlighting the data contained therein. Since data for 1985 are based upon the President's budget request, congressional action could affect funding levels reported here. (JN)