Financial statistics for Pennsylvania colleges and universities for the fiscal year (FY) ending 1981, for 1971-1972 through 1980-1981, and for 1977-1978 through 1980-1981 are presented, along with narrative descriptions of financial trends at the institutions. Information includes the following: current-funds revenues by institutional control; percent of current-funds revenues by source; current-funds expenditures by institutional control; percent of current-funds expenditures by function; current-funds expenditures per full-time-equivalent enrollment as compared to the Consumer Price Index; total current-funds revenues by institutional category; total current-funds expenditures by institutional category; total current-funds expenditures by function; total current-funds revenues by source; current-funds revenues by source by institutional category; current-funds expenditures by function by institutional category; physical plant fixed assets with beginning and ending values, additions and deductions, and current replacement value by type of asset by institutional category; indebtedness on physical plant for FY ending 1981, by institutional category; statement of changes in endowment funds by book and market value and institutional category for FY ending 1981; and statement of changes of fund balances for FY ending 1981 by type of fund by institutional category. Among the trends are the following: the current-funds revenues for 1980-1981 represent a 143.6 percent increase over the 1971-1972 total; tuition and fees and government funds continue to be the main source of current-funds revenues; and the current-funds expenditures increased by 138.1 percent from 1971-1972 to 1980-1981. (SW)