This annual report highlights the actions of the Missouri Coordinating Board for Higher Education and the activities of the Missouri higher education committee. It examines several strategic initiatives undertaken by the state, including: (1) the institutional mission review and enhancement process; (2) MOSTARS (which provides resources and assistance in the areas of student financial assistance; customer service and support; early awareness and outreach; and default prevention and debt management); (3) technology-based delivery systems; (4) postsecondary technical education; (5) the Funding for Results initiative (a results-oriented performance-funding strategy that builds on planning priorities); and (6) efforts to look to the future by the Missouri Commission on the Affordability of Higher Education, the Missouri K-16 Coalition, and the Knight Higher Education Collaborative/College and University President's Roundtable. Appended are data on: academic affairs; funding; legislation; statistics (enrollment trends and degrees conferred); statewide planning; and the proprietary school certification program (including total enrollment of certified schools and completions at certified schools). The report concludes with a listing of Missouri public and independent colleges and universities. (SM)