The 1992 Annual Report is now available from the specific programme of research and technological development in the field of human capital and mobility (1990-1994). The central objective of the HCM programme is to increase the quality and quantity of human resources available for the research and development which will be needed by the Member States in the coming years. The aim is thus to assist in the creation of a genuine European scientific and technical community via a bottom-up approach which focuses on the training and mobility of staff and the formation of networks. Four main activities were carried out under the programme during 1992: - Distribution of two types of fellowships: Individual fellowships were awarded, based on applications submitted directly by scientists having identified the laboratory of their choice. At the same time, institutional fellowships were supported, where research institutions acted as a training partner with the Commission (having obtained the agreement of the Commission's services on a list of young scientists selected to receive training). In each case, the financial support provided by the Commission to the host institution constituted the basis from which allocations were paid to the trainee and the laboratory. - Development of networks: Participants comprised research teams or laboratories grouped into transnational networks for the purpose of collaborative research. The networks comprised public and/or private research laboratories and encouraged the interaction of different disciplines, the combining of various technologies and the cross-application of techniques from one field to another. - Access to large-scale institutions (i.e. a single establishment which requires a high initial investment or a group of smaller establishments which have complementary capabilities). The 1992 beneficiaries of this activity were the researchers who were given access to the facilities plus the organizations having such facilities, selected by the Commission, who received support for the improvement of their infrastructures. The extent of Community support was based on the quality and unique features of the facility and the interest (particularly the educational value) to the potential users. - Organization of Euroconferences: The participants in this action were scientific associations or learned societies and other organizations who developed a series of high-level meetings for debating the latest work undertaken in advanced scientific or technical areas. Essentially, Community financial aid covered the participation expenses of young scientists attending the conference. The 1992 Report explains the structure of the HCM programme and explains the criteria underlying the selection procedures. Statistics on received and accepted proposals are provided for each area and activity of the programme. For all areas considered together a total of 3,369 applications were received of which 915 were finally selected. In addition, information is given on the geographical distribution of funding, the participation of industries, commitology and Commission meetings and missions. Annexes catalogue each of the activities selected in 1992 (individual fellowships, institutional fellowships, networks, large-scale facilities, Euroconferences) with information on the specific field of study and including the proposal number, the names of the individuals and institutions, the project or study title and the level of financial support involved.