This report provides an overview of the latest available racial and ethnic data on high school completion rates, college participation and enrollment trends, and degrees conferred. Major data sources are reports of the U.S. Bureau of the Census and the National Center for Educational Statistics. The report also includes a special focus on state enrollment trends for students of color, especially from 1980 to 1990. State trends are identified for African Americans, Hispanics, Asian Americans and American Indians at both 2-year and 4-year institutions and graduate and professional programs. Additionally, current information from eight states is used to assess preliminary effects of the recession on minority enrollments. Among trends identified by the report are the following: (1) the gender gap in the high school completion rate has widened especially for Hispanics with male Hispanics graduating at a record low of 47.8 percent in 1991; (2) the gap between white and African American high school graduates in college participation has increased 4 percent since 1990; and (3) students of color (especially females) gained in number of degrees awarded from 1989 to 1990; (4) graduate schools recorded more frequent gains in minority enrollment than did professional schools; and (5) gains in the 1980s are being challenged by state budget problems, including major tuition increases. Twenty-six tables provide detailed statistical data supporting the report's findings. (DB)