The Coordinating Board for Higher Education (CBHE) and the Missouri Department of Higher Education (MDHE) present this report on Missouri higher education for fiscal year 2007. 2007 is an exciting year. The omnibus higher education bill, which was signed in May and became law in August 2007, represents a major transformation in the structure of the state's higher education system. Another highlight of FY 2007 was the completion of a statewide articulation agreement for an Associate of Arts in Teaching (AAT) degree. The articulation agreement, signed by all community colleges and twenty-six public and independent four-year colleges and universities throughout the state, provides a common transfer curriculum for community college students aspiring to become teachers. The agreement will serve as a template for future statewide articulations in other critical areas. Appended are: (1) MDHE 2007 Draft Coordinated Strategic Plan; (2) Participation Rates at Public Institutions; (3) Participation Rates at Independent Institutions; (4) Proprietary School Enrollment; (5) Detailed Academic Program Actions; and (6) Missouri State Student Aid Disbursed FY 2007. [For the 2006 annual report, see ED537459.]