In the past 5 years, National Science Foundation (NSF) support for two-year colleges has risen from approximately $1 million per year to the current level of approximately $23 million per year. This report on the NSF's two-year college related activities in fiscal year 1994 (FY94) begins with letters of transmittal, and a brief introduction and overview. The remainder of the report is divided into the following sections: (1) Leadership Activities: Education and Human Resources, including outreach workshops, the "Gaining the Competitive Edge" workshop, the Coalition Building for Effective Faculty Enhancement workshop, a survey on technical education in two-year colleges, the Advanced Technological Education Leadership Workshop and Principal Investigator's Conference, the 1994 NSF Invitational Conference, and other publications directly involving two-year colleges; (2) Leveraged Program Support: Education and Human Resources, highlighting undergraduate, elementary, secondary, and informal education programs, human resource development, and other forms of support; (3) Leveraged Program Support: Research Directorates, focusing on the development of NSFNET, a network providing Internet access to educators and researchers; and other selected examples; (4) Technology Reinvestment Project, designed to stimulate the transition to a growing, integrated, national industrial capability providing the most advanced, affordable, military and commercial products; (5) notes on the data sources; and (6) five appendixes, including the Report of the Advanced Technological Education (ATE) Leadership Workshop, History of the ATE program, FY94 awards to two-year colleges by state, Technology Reinvestment Project Awards to two-year colleges, and a map of FY94 awards to two-year colleges. (MAB)