This report compares Wyoming'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 Wyoming 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. In 2001, 44 percent of 4th graders were proficient or above in reading on the state assessment. On the 1998 NAEP 4th grade reading assessment, 65 percent of students performed at the proficient level, while 30 percent were proficient or better. More white than Latino 4th graders were proficient or above. In 2001, 33 percent of 8th graders were proficient or above in mathematics on the state assessment. On the 2000 NAEP 8th grade mathematics assessment, 25 percent of Wyoming students performed at the proficient level or above, with significantly more whites than Latinos proficient or above. Wyoming had the smallest Latino-white 4th grade reading achievement gap in 1998 and the 10th smallest Latino-white 8th grade math achievement gap in 2000. About 42 percent of Wyoming's high school students enroll in college, compared to 54 percent nationwide. African American students graduate from the state college at a lower rate than students from other groups. Nearly one in five Wyoming secondary classes are taught by teachers lacking a major or minor in the field. Districts with the highest child poverty rates and those with the highest minority enrollments, have the fewest state and local dollars to spend per student. (SM)