Fiscal 1973 was a year of accelerating change for Texas colleges and universities. Highlights of the year's activities are noted in this document, including: (1) Student enrollments continued to climb, though at a less rapid pace than in the past decade. (2) Beginning operation during 1972-73 were two community colleges and five other new Texas institutions. (3) The 63rd legislature appropriated $1,426.9 million to support all agencies of higher education for the 1973-75 period. (4) Involvement of community colleges in procedures that encourage self-regulation of out-of-district course offerings established significant cooperation and program coordination among community colleges. (5) In recognition of the increased importance of adult and continuing education, the coordinating board authorized and funded a project to develop a statewide plan for the delivery and financing of educational services to Texas' adult citizens. A statistical supplement is included in Part 2. (Author/PG)