This report is the third annual edition of a syndicated study which focuses on developing an understanding of the major issues and events which give shape to computing and information technology across K-12 education in the United States. This report builds on trendline data from the 1992-93 and 1993-94 studies. The survey results presented in this report are based on the responses of school districts representing about 10.5% of the entire U.S. K-12 public school enrollment. Three topical sections comprise this report: management, installed base, and technology's impact on instruction. The first section focuses on site-based management and ability to purchase information technology, as well as funding sources for information technology. The second section describes instruction and administration installed bases of personal computers; installed base changes since 1994; the proportion of districts with "mostly" one genre of computer; and perspectives of CD-ROM drive growth. In terms of technology's impact on instruction, the third section discusses personal computer locations and connectivity; technology integration into the curriculum; student-to-personal computer ratios; ownership of personal computers; home use of instructional software; district plans to integrate home software into the curriculum; family involvement; and distance learning. Seventeen charts present information related to the three major topics. (AEF)