The second edition of this annual profile presents a combination of statistics and indicators concerning national and state involvement, support and performance in higher education. Twelve statistical tables are provided for each state, the District of Columbia and the nation covering enrollment, full-time faculty, revenues, expenditures, and degrees and other formal awards offered. Included are statistical indicators of the status of higher education in a particular sector. The indicators adjust for the size of a sector where size is alternately defined as the number of full-time-equivalent (FTE) students or the number of full-time faculty. Several indicators are also adjusted for the size of the population served. Each state-level statistic is accompanied by an index that is the percentage difference between the state statistic and the national average for the statistic. Chapter 1 presents the national data (FTE enrollments, revenues, expenditures, and degrees awarded, by type and level of institution), and Chapter 2 provides the state ranking tables (FTE enrollment, average faculty salary, revenues, expenditures and appropriations). Chapter 3 presents a statistical profile for each state. Appendix A provides information on sources of data and definition of terms, and Appendix B gives a classification of institutions by state. (KM)