This report compares the current-year faculty salaries in the University of California and California State University systems with projected salaries for the coming year at their respective comparison institutions, largely drawn from other parts of the country. The calculation of parity percentages, an estimate of the average faculty salary increase necessary to keep pace with expected salaries at comparison institutions, is reported. For 1997-98, these parity amounts for the University of California and the California State University are 6.7 percent (a decrease from the previous year) and 10.84 percent (an increase from the previous year), respectively. Salary data are provided for 1979-80 through 1997-98. Also provided are: comparison salary data by rank for 1991-92 and 1996-97, data on California State University and University of California faculty salary for 1996, data on University of California average salaries 1991-92 and 1996-97 with compound rates of increase, projected comparison group average salaries, projected increases necessary to maintain parity, and data on average salaries and ranking for 1991-92 and 1996-97. Appendices include a description of the change in the content of this report since the 1970's, the Senate Concurrent Resolution No. 51, 1965 General Session concerning academic salaries; and a description of the methods for calculating salary and fringe benefit comparisons. (JLS)