take notes in an outline form.
Fill in details later, and even pursue more detail from the instructor during his/her office hours.

and i've heard that what ever you write in blue pen is retained better than in black pen. Not sure if it's true, but i always choose a blue pen if i have the option!
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Mastering this skills is done by expanding working memory. One way to use your working memory, while trying to listen closely, is to silently repeat to yourself every word the speaker is saying, almost the way an interpreter would, but you are doing it silently and in the same language. If it is a really tough subject try to form a study group to discuss things outside of class, and try making additional notes right after the class.
With note taking don't get too bogged down in trying to write down every word the speaker says; rather, learn to simply your notes with key words and phrases. If you are not a good note taker, one way to practice is with a local news cast or CNN. While watching the newscast write down the key points that will help you remember. Later go back and look at your notes to see how much or the story you can recall, and think about what you could have added to help you remember more.
Also be aware that adults can only hold about 7 pieces of information in their immediate (working) memory, and attention span is approximately 20 minutes.
Source(s):
http://eis.bris.ac.uk/~psxko/
and my own experience

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