Many of the problems facing Hispanos stem from inadequate representation in the economic, social, and governmental processes of American society. The LULAC National Scholarship Fund for Americans of Spanish Origin (LNSF) was established in 1975 as a means of weakening the poverty cycle which has inhibited full participation by Hispanics in American society. As a component of the LULAC National Educational Service Centers (LNESC), the LNSF is the only systematic network existing on a national level specifically aimed toward helping Hispanic students. LNSF utilizes the Fund-Sharing Concept. Under this concept, monies are raised on a local level by individual LULAC councils and on a national level by the LNSF Washington, D.C. headquarters. At the end of the year, national funds are distributed to local councils based on the relationship of their particular local amount raised in proportion to that of all other councils raising scholarship funds. The growth rate of the LNSF has been phenomenal with each year producing an approximate 300% expansion of services over the preceeding year. The LNSF goal for 1978 is $150,000 in local funds and $300,000 in national funds. This report lists the 1977 LNSF contributors, characteristics of the recipients, the 1977 allocations by council, the colleges and universities in which 1977 LNSF recipients were enrolled, and the assets, liabilities and fund balance as of September 30, 1977. (NQ)