This annual report contains information on federal funding of the research and development components of agency programs as proposed by the administration for Fiscal Year 1995. Research and development data are classified into the same federal budget function categories as those used in the "Budget of the United States Government, Fiscal Year 1995." The report is divided into three sections. Section 1, "Research and Development in the 1995 Budget: An Overview," provides an overview of federal funding of research and development within the context of requested total federal budget authority. It consists of five tables. Section 2, "R&D [Research and Development] by Specific Budget Function," summarizes activities conducted within each budget function. Programs within the five functional categories that account for 90% of the research and development sponsored by the federal government are discussed briefly while data on research and development activities within the remaining functional categories are presented in tabular form only. This section consists of 19 tables which provide a summary of research and development activities conducted within each federal budget function. Section 3 contains historical tables that present two historical data series: (a) Federal Research and Development Funding by Function for Fiscal Years 1955-1995 and (b) Federal Funding of Basic Research for Fiscal Years 1978-95. (ASK)