This report contains two chapters addressing two topics: (1) the rates at which students initially enroll in postsecondary vocational education, accumulate credits, and complete a certificate or degree; and (2) the state allocation of federal funds to secondary and postsecondary levels of vocational education. The first chapter presents descriptive data on postsecondary enrollments of students engaged in vocational and academic studies, particularly in two-year and other nonbaccalaureate institutions. For different groups of students, the chapter describes rates of entry, amounts of course work taken, and rates of completion of certificate or degree programs. The results reported are based on the transcripts of nationally representative samples of persons who graduated from high school in 1972 and 1980. Comparison of the classes of 1972 and 1980 allows the determination of trends in enrollment and rates of completion among different groups of students, and the use of transcripts provides an accurate description of the mix and concentration of course work taken by students. The second chapter reports how states allocate grant funds from Title II of the Carl D. Perkins Vocational Education Act to secondary and postsecondary education, the spending of federal funds for disadvantaged and handicapped students, state funding of vocational education, and state standard-setting for vocational education. (KC)