The annual report outlines activities in the Oklahoma State System of Higher Education for the period July 1, 1977 to June 30, 1978. Among the information provided are: progress and plans both within the system as a whole and within the institutions; historical and statistical information (enrollment, degrees, accreditation, student aid, Title VII of the Higher Education Act of 1965 and Title VI-A of the same act, regents' publications, the Oklahoma College Testing Program, regents' resolutions and expenditures, appropriation acts, budget information, the regents' loan fund, current income and expenditures, bonded indebtedness, capital improvements, new college funds, and student fees); and the historical record of boards, institutions, and presidents. Fifteen two- and four-year state institutions are included, and summary reports are given for private institution data. Some data tables are included. (MSE)