The extremely rapid development of new and diverse industries, the equally rapid modification of older industries and business practices, the reshaping of domestic and foreign business relationships, and recent economic changes indicate emphatically the growing responsibility of education for economic and business leadership. A continuing, capable leadership, schooled in the social implications and obligations of business, to cope with new and complex problems of management, is increasingly important for the nation's general welfare. The purpose of this report is to set forth briefly the status and outstanding developments in the program of education for business during the biennium 1926-1928. A review of the education and business literature, including general and special reports pertaining to statistics, city and State school systems, universities, conferences, courses of study, research, and business men's organizations, reveal the operation of many factors in the process of modernizing the traditional program of commercial education. The term "commercial education" is used to include that education and training which prepares specifically for an understanding of the relationships and the performance of activities in business. Contents include: (1) Increased enrollments in commercial education; (2) Trend of the objectives; (3) Changing requirements of business positions; (4) Commercial occupation surveys; (5) State and regional studies; (6) Analyses of the duties of business positions; (7) Recent developments in secondary schools; (8) Commercial teacher training; (9) Higher education for business; (10) Conferences; and (11) Conclusion. (Contains 36 footnotes.) [Best copy available has been provided.]