A year and a month ago one of these Washington Reports was devoted to an interview with Dr. Alan T. Waterman, Director of the then newly‐established National Science Foundation. In that interview Dr. Waterman outlined the general long‐range program of the Foundation as he and the National Science Board visualized it at that time and described in some detail the several specific areas of activity which he planned to emphasize in the initial phase of the work. It is appropriate at this time—the approximate close of the first complete fiscal year of NSF's operation—to summarize the very substantial accomplishments to date of this organization which can mean so much to the future of science in this country and, therefore, to the future of the nation itself.

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