This report compares Wisconsin's reading and mathematics performance on the most recent administrations of the state assessment with performance on the National Assessment of Educational Progress (NAEP). To indicate how Wisconsin is doing in narrowing the academic achievement gap between African American and Latino students and their white, middle class peers, the report presents NAEP data by race/ethnicity. The report presents other state-level data on K-college education, including demographic distribution across each educational level, participation and success in Advanced Placement, percentage of students taking high-level courses, school funding gaps, and high school and college graduation rates. Results from the 2000-2001 state assessment show that 82 percent of 4th graders were proficient or better in reading. On the 1998 NAEP, 72 percent of 4th graders were basic or above in reading, with 34 percent proficient or above. White 4th graders outperformed African American 4th graders. On the state's 2001-2002 mathematics assessment, 45 percent of 8th graders were proficient or above, with whites significantly outperforming African Americans. Wisconsin did not participate in the 2000 NAEP 8th grade mathematics assessment. Wisconsin had the third largest African American-white 4th grade reading achievement gap among the states in 1998. African Americans are significantly underrepresented in Advanced Placement exam taking and in gifted and talented program enrollment. About 44 percent of Wisconsin high school students enroll in college, compared to 54 percent nationwide. African Americans graduate from the state college at lower rates than students from other groups. About one in seven Wisconsin secondary classes are taught by teachers lacking a major or minor in the field. Districts with higher child poverty rates and higher minority enrollments have the fewest state and local dollars to spend per student. (SM)