The Society has three separate kinds of research and study activities. The largest component of the program is in the form of research and study panels and the various working groups which these panels form for the pursuit of particular projects. As of the end of the year with which we are concerned, 17 panels were in operation at various stages of their life span, and some eight working groups. Two or three panels were phased out and two or three new panels created so that the numerical level of activity over the year remained about the same.