This report is the second update to "Juvenile Offenders and Victims: A National Report" published in 1995. Drawing on new analysis of statistical series developed by various Federal agencies, it provides answers to the questions most often asked about trends in youth violence and victimization. This report provides information that the wave of violence by juveniles that the United States has experienced in the last 10 years may be subsiding. Serious violent crimes by juveniles dropped 25% between 1994 and 1995. The most recent data from the Federal Bureau of Investigation also report substantial declines in juvenile arrests for violence crimes. There is a reported decline of nearly 20% for murders by juveniles between 1993 and 1995. This report contains the raw information needed to address the problems of juvenile crime and victimization in sections on victims, offenders, and corrections. Current levels of juvenile crime, although below those of recent years, are still not acceptable. In addition, statistics continue to show high rates of victimization of juveniles. Twenty-five percent of all known juvenile homicide offenders were reported in the five U.S. counties that contain the cities of Los Angeles (California), Chicago (Illinois), Houston (Texas), Detroit (Michigan), and New York City. The forces that drove past increases in juvenile crime still exist, although there is more hope that society can counteract them. (Contains 39 graphs, 1 figure, 17 tables, 3 maps, and 39 references.) (SLD)