This is a report on a conference held in August of 1972 at the National Academy of Sciences Summer Studies Center in Woods Hole, Massachusetts, by the CIES (Council for International Exchange of Scholars). The main purpose of the conference was to: review the various philosophies and interests that have influenced the conduct of the Fulbright program over the 25 years of its existence; consider the possible new dimensions for the committee's activities; renew its ties with the sponsoring councils; orient new members to the committee's functions and responsibilities; review the committee's relationship to other international exchange programs; and consider its future role. A summary contains the principal conclusions and recommendations of the conference. Appendices contain information on the Fulbright-Hays Program for Senior Scholars and on the potential of the Fulbright-Hays Act. (Author/AM)