This document reviews the work of the Higher Education Coordinating Board of Minnesota during the 1987-88 period, highlights trends and conditions in Minnesota postsecondary education, discusses the major policy issues facing Minnesota, and presents the Board's legislative agenda for 1990-91. Board projects included adoption of a vision statement for postsecondary education and completion of policy studies; adoption of recommendations based on task force reports; reviews and comments on other reports; coordination and cooperation with other organizations; program improvement activities; increased communication and outreach efforts; and internal improvements. A chapter on current conditions uses data from student and parent surveys to document the expectations and aspirations of both groups, participation rates in postsecondary education, student profiles, attainment goals, and enrollment projections. Investment in postsecondary education is also reported. Eight key issues are discussed: quality of higher education; price and cost of higher education; opportunity and choice in higher education; relationship of higher education to the workplace and economic development; public understanding of the role and purposes of higher education; adequate funding for postsecondary education; mission and governance; and strategic planning to ensure access and quality in the future. A list of 15 sources is appended. (JDD)