This annual report provides a variety of information about the state of higher education in South Dakota. The bulk of the report consist of tables and charts that summarize: (1) the structure of the South Dakota Board of Regents; (2) the institutional missions of the state's six state universities and two special schools; (3) admission requirements; (4) operating budgets and mean budgeted salaries; (5) historical tuition rates from 1966 through 1995; (6) student financial aid programs; (7) average financial aid awards; (8) student loan default rates; (9) 1994 fall term enrollment information; (10) plans for South Dakota high school graduates from 1971 to 1994; (11) projections of South Dakota high school graduates from 1995 to 2009; (12) student geographic distribution and enrollment; (13) student persistence rates; (14) campus crime rates; (15) special schools profiles; (16) faculty profiles by universities, salaries and turnover rates; (17) management ratios; (18) degrees conferred and degree trends from 1988-1994; (19) data on physical plant; and (20) regional comparisons with state support, student charges, faculty salaries, academic obligations, graduates per population, and enrollment. (JB)