Examined in the first report is the need for educational improvement in higher education in Louisiana. Discussion focuses on the state of the economy: half of Louisiana's economy (production and manufacturing) is in decline, while the other half (production jobs) is uncertain. Cooperation between higher education and business offers hope for the future. Included in the document is the Louisiana Association of Business and Industry's Quality Thrust Endowment Fund Proposal. The second report addresses the need for Louisiana to restructure its economy through the educational system, specifically by regrading educational programs at all levels. An action agenda for the elementary and secondary levels is presented to upgrade the instructional program; improve teacher preparation, performance, and pay; and promote leadership, planning, management and public involvement. Revamping the state's method of funding is suggested, and an action agenda directed toward vocational-technical education is also emphasized. Educators, parents, business, labor, and public officials are urged to meet this challenge. (BJD)