Enrollment and financial trends in Southern medical schools are examined and comparisons are made to national trends. Statistical tables and supporting text cover trends and current status of undergraduate (preparation for the M.D. degree) and graduate (training of resident physicians) medical education enrollment, graduation, and financing. Attention is directed to: changes in the numbers of medical schools and medical school enrollments, graduate medical education and the trends toward increased specialization in medicine, and medical schools' revenues by source to expenditures by function, and a methodology for estimating a current average and range of cost-per-student for undergraduate medical education and for estimating the proportion of a medical school's expenditures that are allocated to undergraduate and graduate medical education. Additional topics include: enrollments of minorities and women, enrollments in private and public medical schools, number and percent of residents on duty in 1981; new medical school entrants by residency status and percent in-state, the number of full-time medical school faculty, and changes in teaching responsibilities. Enrollment data are provided by medical school, but financial data are provided as totals or by all private or all public medical schools. (SW)