The denomination, which also saw a slight decrease in membership numbers, recorded 342,198 baptisms in 2008, a decrease of 1.1 percent from the previous year, according to LifeWay Christian Resources, a division of the Southern Baptist Convention that compiles annual statistics.
The baptism rate is the lowest for Southern Baptists since 1987 and represents the fourth consecutive annual decline, demonstrating a continuing challenge for the nation's largest Protestant denomination (and indeed the move towards reason! Ed)
http://blog.beliefnet.com/news/2009/04/southern-baptists-baptisms-dip.php