The annual reports published by American private foundations give comprehensive information to grant-seeking researchers. The Foundation Center has compiled a directory of the names and addresses of the approximately 397 out of 25,000 foundations which publish annual reports. They have also reproduced some l,304 reports on microfiche. This collection is available at the Foundation Center libraries, or individual microfiche copies may be ordered from the Center. Information about the Center, the directory of foundations, and a listing of the microfiche collection are contained in the report. (KB)