Results of the fourth annual survey of over 5,000 college faculty in all types of higher education institutions are reported. The information gathered is organized in eight categories: the goals of collegiate education; academic standards; attitudes about student life; teaching, research, and service; the status of the profession; views of the institution; participation in decision making; and general observations. Following an introductory narrative summary, results are presented in 104 tables within those categories. Data are arrayed by faculty age, gender, professional discipline, and institution type. Three major issues are identified: (1) some optimism but also great concern about aspects of academic quality, particularly the quality of students; (2) conflict between faculty interest in teaching and requirements for published research; and (3) respect for the institution and their role in it, but concern about institutional administration. The 1987 Carnegie classification of colleges and universities is appended, along with technical notes. (MSE)