This publication provides an overview of the Institute of Museum and Library Services (IMLS), including programs, initiatives, research projects, publications, and strategic partnerships. It also provides tips for developing competitive grant applications and staff contacts for each program for the fiscal year beginning October 1, 2008. Once grant applications are received, the Institute's peer review process, including individual field review and/or panel review, ensures that applications are evaluated in a transparent and equitable manner. The process helps museums and libraries develop programs that will have the greatest impact on their communities and on the museum and library fields as a whole. Grant opportunities are listed in three categories: (1) Libraries and Museums; (2) Libraries Only; and (3) Museums Only. (Contains 1 table.)