Every year the American Association of Employment in Education (AAEE) conducts a survey of the status of teacher supply and demand in the United States. In 2001, the 25th annual survey sent a survey instrument to 1,265 teacher preparation institutions to study the supply side of teacher availability, and responses were received from 494 institutions (39%). Data were analyzed by the Research and Data Analysis Consultation Service at The Ohio State University. Data indicated that there are significant shortages in the supply of K-12 teachers and administrators. The survey indicates that 23.81% of the 63 teaching fields studied have a considerable shortage, especially English as a Second Language, special education, and bilingual education. Data indicate that 42.86% of fields experience some shortage. Results show that 33.33% of the teaching fields experience balanced supply and demand. These are generally larger fields, such as elementary education, and some specialized areas, like journalism, business education, and the arts. None of the fields fell into the categories of some or considerable surplus. Up-to-date and accurate information about teacher shortage and surplus is important for policy making and educational planning. (Contains 2 tables and 17 references.) (SLD)