Missouri is the "Show Me" State. And with this goal in mind, the American Council of Trustees and Alumni (ACTA) offers this report card to examine the state of higher education in Missouri. If the nation is to ensure its continued preeminence in higher education, policymakers, trustees, alumni, and taxpayers must know what is going on in higher education. This report card aims to do just that, and it follows similar ACTA report cards on higher education in the states of North Carolina and Georgia. The U.S. Secretary of Education's Commission on the Future of Higher Education underscored the challenges in its 2006 report, "A Test of Leadership." It said that the higher education sector's "past attainments have led our nation to unwarranted complacency about its future." Universities have "remained so far ahead of our competitors for so long," the Commission wrote, that "we began to take our postsecondary superiority for granted." Meanwhile, other nations are "educating more of their citizens to more advanced levels than we are." Against this backdrop of concern--from the highest levels of the federal government to parents and taxpayers across the country--this study takes a close look at institutions which represent a majority of Missouri's four-year university enrollment and a range of institutional types. The report focuses on four key areas of the public's interest: what students are learning (the curriculum), whether the marketplace of ideas is vibrant (intellectual diversity), how universities are run (governance), and what a college education costs (affordability). Applying a common benchmark used in higher education, where appropriate, to determine whether students pass or fail--64 percent--this report card offers a Passing or Failing grade on each point. The first section focuses on general education--those courses completed usually within the first two years of a bachelor's degree program. In the second section, the author focus on intellectual diversity, a value that lies at the very heart of the educational enterprise. The third section turns to governance and actions by the University of Missouri Board of Curators and the Missouri State University Board of Governors. Lastly, the authors take a look at the University of Missouri System and Missouri State University in terms of cost and effectiveness. Appended are: (1) Selection Criteria for Core Courses; (2) Student Survey Data; and (3) Student Survey Methodology. (Contains 31 footnotes.)