This fourth annual report presents background information on the development of performance indicators for California higher education, describes the scope of the current set of indicators, identifies highlights of recent trends, delineates some recent developments and future plans, and includes data on the full set of 75 performance indicators. The higher education performance indicators are divided into five categories; (1) characteristics of California's population, (2) fiscal support, (3) student preparation for college, (4) student access to college, and (5) student experiences and outcomes. Recent trends noted include a decline in the state's overall unemployment rate but an increase in youth unemployment; an increase of 12.6 percent in higher education's share of General Fund appropriations; continuing expansion in the number and diversity of high school graduates with limited English proficiency, who now account for nearly one-fourth of public school students; an increasing proportion of college-going students attending public universities and a decreasing proportion attending community colleges; and a slight decrease in the five-year persistence rates of freshmen at public universities. The report also includes a page on each of the 75 performance indicators showing trends in graphs, tables, and narrative. The text of the relevant statute (Assembly Bill 1808, Chapter 741, Statutes of 1991) is appended. (DB)