This document presents the annual report of the University System of Georgia for July 1, 1971-June 30, 1972. The report of the Chancellor reviews instruction within the university system, enrollment, degrees awarded, faculties, libraries, new degree programs, teacher preparation, health care education, interinstitutional programs, joint programs, research, public service, construction, finance and financial aid. The appendix includes statistical data regarding enrollment, graduates, research, faculties, libraries, changes in academic units, construction, and finance. (MJM)