This second annual report of openings, closings, mergers, and accreditation status of independent colleges and universities is part of a study to provide baseline data for observing the changes in the independent sector of higher education. The information was compiled from a survey of state postsecondary agencies and state associations of independent colleges and universities, and from two other publications. Among the highlights of the period from winter 1970 through summer 1978: 64 independent colleges and branch campuses were founded, though 129 closed and 42 merged with other independent institutions; 17 colleges shifted to public control; 325 institutions and branch campuses attained accredited status from nationally recognized agencies, and none (other than those closing) lost accreditation; and the greatest net loss of institutions occurred during 1975-1978. The listings of institutions are by type of change (first-time openings, closings, mergers, shift to public control, attainment of accreditation and by type of institution. Among the information given for each institution is: year of founding, year entered in the Education Directory, type of program (two-, four-year, or specialized program), accreditation agency, headcount enrollment, single-sex or coed, and religious affiliation. (MSE)