The academic productivity and financing of 64 teacher education programs in state universities and land-grant colleges in 37 states are analyzed to better understand the nature of these teacher education programs, and to assess their relative condition. A survey instrument was mailed to 111 state universities and land-grant colleges. Deans from 64 of the universities' schools of education answered the questionnaires, with confidentiality assured. Data were provided on 211 variables in major categories of program approval; faculty, faculty load, and salaries; budgets and related full-time equivalent (FTE) staffing; academic productivity by level; and degrees conferred by level. Another 70 variables were calculated from the data including: average class size; credit hour productivity per FTE faculty; cost per credit hour; cost per FTE student; institutional program complexity; student-faculty ratios; faculty to support staff ratios; and resources from university and external sources. The findings indicate that many teacher education programs are severely underfunded. Among these 64 universities, the average direct costs of instruction per undergraduate teacher education major was only 65 percent as much as for a public school student. Tables present data on 64 program variables; a list of participating institutions, the data-gathering instrument, and a table of program complexity factors are appended. (Author/LB)