The American Council of Learned Societies (ACLS) provides the humanities and related social sciences with leadership, opportunities for innovation, and national and international representation. ACLS was founded in 1919 to represent the United States in the Union Academique Internationale. Its mission is "the advancement of humanistic studies in all fields of the humanities and social sciences and the maintenance and strengthening of national societies dedicated to those studies." This paper presents the annual report of ACLS for 2007-2008. [For the 2005-2006 and 2006-2007 annual report, see ED516193.]