This report presents the averaged freshman graduation rate for public high school students for school years 2002-03 and 2003-04 based on data reported by state education agencies to the National Center for Education Statistics. Rates are included for most of the 50 states, District of Columbia, Puerto Rico, and three other jurisdictions for both years. Comparing the averaged freshman graduation rate among public school students in the class of 2002-03 to that of 2003-04 in each of the 48 reporting states and the District of Columbia, 32 states and the District of Columbia experienced increases in the rate, 1 state experienced no change, and 15 states experienced declines in the rate over this 2-year period. (Contains 3 tables and 3 footnotes.) [Note: A previous version of this report included unstable estimates for Department of Defense schools, which have been removed.]