This report analyzes the progress made in implementing the Illinois Board of Higher Education's policies on undergraduate education, with particular attention to the status of policy implementation concerning student achievement, scholarship, and general education. The report examines recent trends in the number of Illinois high school graduating seniors and first-time freshman enrollment in Illinois institutions of higher education and provides various data on high school student preparation for college and freshman performance in college in a period when new high school course-specific admission requirements have been widely publicized but not yet fully implemented statewide. The following are among the findings of the review: (1) from 1986 to 1990 the number of Illinois graduating seniors declined by just under 7 percent, while the number of first-time freshmen entering Illinois institutions of higher education increased by 3.6 percent; (2) the greatest increase in enrollment of first-time freshmen occurred in public community colleges; (3) the gap in achievement between minority and majority students narrowed; (4) completion rates for the recommended high school college-preparatory curriculum were up; and (5) of freshmen at public institutions one in five fail their first mathematics course. Included are extensive tables and figures, appendixes containing relevant legislative and policy statements, and 28 references. (JB)