This annual report of the Alabama Commission on Higher Education describes new academic programs approved, allied health programs, off-campus instruction, computer-based articulation, rising junior exam, the Academic Common Market, educational technologies, Governor's Conference on Higher Education, Eminent Scholars Program, Meharry Medical College, Minority Doctor Scholars Program, osteopathic medicine, veterinary medicine, optometry, nonresident institutional review, State Postsecondary Review Entity, Experimental Program to Stimulate Competitive Research, Alabama Universities/TVA Research Consortium, Dwight D. Eisenhower Mathematics and Science Program, Alabama Small Business Development Consortium, and Network of Alabama Academic Libraries. Financial aid programs administered by the Commission are then described, including Technology Scholarship Program for Alabama teachers, National Guard tuition benefit program, Paul Douglas Teacher Scholarship Program, Appalachian Youth Scholarship Program, Alabama Guaranteed Student Loan Program (AGSLP), Alabama Student Grant Program, Alabama Student Assistance Program, Emergency Secondary Education Scholarship Program, State of Alabama Chiropractic Scholarship Program, Alabama National Guard Educational Assistance Program, and Police Officer's/Firefighter's Survivor's Educational Assistance. Tables and a graph indicate the number of awards, the average award, and the total amount awarded for Alabama's student assistance programs; number of loans guaranteed by the AGSLP from 1981-1994; and number of AGSLP borrowers from 1981-1994. (JDD)