Holdings of the National Center for Higher Education Management Systems (NCHEMS) and fiscal year (FY) 1985 data acquisitions and software enhancements are discussed. NCHEMS currently hold many years of data from surveys conducted by the National Center for Education Statistics, the National Science Foundation, the Bureau of the Census, the National Longitudinal Survey of the High School Class of 1972, the National Longitudinal Survey of Labor Market Experience, and the Cooperative Institutional Research Program. To ensure currency of its data holdings, NCHEMS continually updates its existing holdings with new data as they are released. Data sets that were acquired in FY 1985 are listed, as well as miscellaneous pieces of data that have been acquired for producing the "Higher Education Financing in the Fifty States" document. NCHEMS has also built a base of standardized software to facilitate accessing, updating, and manipulating data from its comprehensive collection of higher education data. In 1984 it was determined that existing software should only be minimally enhanced until a decision was made to obtain a new computer or to implement a new approach to storage of NCHEMS data collection. (SW)