This report represents an updated edition (fiscal years 1989-90 data are combined) of the State Higher Education Profiles (SHEP) report providing statistics and indicators on enrollment, revenues and costs, financial aid, degrees and other formal awards conferred, and faculty compensation for accredited institutions throughout the United States and Puerto Rico. It also indexes each state's statistics to the national average for that statistic and ranks states on selected statistics for the 1990 year. Twelve basic data tables for fiscal year 1989 and 13 tables for fiscal year 1990 are included for each state, the District of Columbia, and the nation. Data are presented in three chapters. Chapter 1 provides national data for 1988-89 and 1989-90 fall enrollment numbers, educational and general revenues and expenditures, degrees conferred, and faculty salaries. Chapters 2 and 3 examine the same data at the state level, with chapter 2 presenting state rankings and chapter 3 providing the state profiles. Appendices supply a glossary of terms, a listing of SHEP institutions by state; the response rates for each of the surveys by control, level of institution, and by state; and a profile section on Puerto Rico. (GLR)