This annual report features national data on academic progress in U.S. public schools, showing student achievement and opportunity patterns from kindergarten through college, by race, ethnicity and family income. It focuses on academic achievement (reading performance on the most recent adminstration of the National Asssessment of Educational Progress (NAEP) in grade four; mathematics performance on the 2000 NAEP in grade eight; how the nation's achievement compares by state, race/ethnicity, and socioeconomic status); attainment (high school and college success, the nation's student demographics, participation and success in advanced placement courses, high school graduates, and college graduates); and opportunity (opportunity gaps, teacher quality gaps, challenging curricula, special student placements, and investments, funding gaps, and college affordability gaps). Appended is a description of the sources used in collecting data and definitions of measurements of performance. (SM)