This completes my fourth year as editor of the APSR. The main theme of last year's annual report was continuity from the previous year in the flow, processing, and variety of the papers that we received and the articles that we published. That theme dominates this year's report as well, for only a glance at the tabular data reported below will be needed to establish the incremental character of the year-to-year changes that we experienced in the number and diversity of the papers that we received, the time it took to process them, and the outcomes of our review process. Having said that, I hasten to add that this year we have devoted extensive time and energy to an exciting new project, which I will discuss at the end of this report.