This paper compiles the 1977 to 1978 academic library statistics and rank order tables from 105 members of the Association of Research Libraries (ARL) in the areas of collections, interlibrary loans, expenditures, personnel, microform holdings, and university enrollments and doctorate information. Review of the ARL statistics for 1978 indicates three basic trends: (1) Since 1976 the allocation of the total academic library budget between materials and personnel has remained constant--typically 58 percent of the budget has been used for salaries and wages, and approximately 30 percent has been used for materials. (2) Inflation continues to erode the capability of ARL libraries to provide materials and services. Compared to 1977, 1978 materials expenditures in ARL academic libraries rose 10.7 percent, although volumes added increased by only .3 percent, and the number of current serials increased by only 3.5 percent. (3) While there was a 10.7 percent increase in expenditures for salaries between 1977 and 1978, the number of staff in ARL academic libraries increased by only 1.7 percent. Instructions for completion of the questionnaire that was used to collect the data and footnotes are included. (CWM)