The fourth annual report on Florida's progress toward excellence in the State University System is presented. A total of 20 "indicators" of quality were used; they include the following seven national measures of efforts toward reaching the upper quartile of state university systems: (1) average full-time faculty salaries, (2) number of national merit scholarship winners enrolled as first-time-in-college students, (3) state financial aid per student, (4) appropriations per headcount student, (5) number of full-time scientists and engineers employed at public universities, (6) research library rank, and (7) number of Phi Beta Kappa chapters. State ranking improved on three of the seven measures. Thirteen additional in-state measures adopted and not involving across-state comparisons include: pass rates on the College Level Academic Skills Test; findings of follow-up studies of State University System graduates; licensure examination results of graduates; mean Graduate Record Examination scores of entering graduate students; percent of full-time faculty by highest earned degree; admission test (Scholastic Aptitude Test and American College Test) scores of students enrolling for the first time; number of endowed chairs; specialized or programmatic accreditation; student full-time equivalent (FTE)/Faculty FTE Ratio; progress toward the faculty and administrator goals of the state plan for equal access and equal opportunity; progress toward the student goals of the state plan for equal access and equal opportunity; contract and grant dollars per faculty member; and national rank of program, school, or college. (SM)