This annual report provides an overview of major initiatives and accomplishments of the New Mexico Commission on Higher Education in implementing the policy directions identified in "Planning for the Class of 2005: A Vision for the Future." It begins with a specification of Commission responsibilities and outlines its legislative agenda for 1991. It discusses underrepresentation of minority students, transfer activity, funding formulas, budget data, and enrollments. Data on accountability of public postsecondary institutions are then presented, focusing on: (1) changes in participation rates; (2) student retention; (3) faculty involvement in student advisement; (4) percentage of developmental courses taught by full-time faculty; (5) percentage of lower division courses taught by full-time faculty; (6) student participation in sponsored research programs; (7) institutions where graduate students received their undergraduate degrees; (8) student outcome assessment; (9) placement data on graduates; and (10) student transfer from two-year and four-year institutions. Five-year plans submitted by the public postsecondary institutions are reviewed in terms of institutional histories and missions, external and institutional environments, programs, distance learning, cooperative education, enrollment management, faculty, capital resources, and resource planning. The report includes a map and list of institutions, a list of grantees of the Eisenhower Mathematics and Science Grants Program, and a description of proprietary school initiatives. (JDD)