The planning and coordinating activities of the New Mexico State Commission on Postsecondary Education for the year July 1, 1977 through June 30, 1978 are described. The following areas are covered: funding recommendations, special studies, activities of the academic council, the year ahead, and statutory responsibility. Profiles of public and private colleges and universities and information on legislation relating to private and/or proprietary colleges are presented. Descriptive statistics are provided concerning: estimated operating expenditures, capital outlay projects approved during the year, inventory of academic programs at public institutions, inventory of academic majors at private institutions, fall term full-time equivalent college credit enrollment, and degrees awarded by New Mexico institutions of higher education. Brief descriptions are also presented on the following federal and special programs: Postsecondary Education Planning (Section 1201, 1203, Higher Education Act (HEA]; Financial Assistance for Improvement of Undergraduate Instruction (Title VI-A, HEA); Community Service and Continuing Education (Title I, HEA); New Mexico Student Incentive Grant Program (Title IC, HEA); Educational Information Centers Program (Title IV, HEA); New Mexico Medical Student Loan Program; New Mexico Osteopathic Medical Student Loan Program; Title I Projects in Progress in 1977-78; and Title I Projects Funded in 1977-78. (SW)