The Joint European Torus (JET) Joint Undertaking has published its annual report for 1994. JET is the largest project in the coordinated fusion programme of the European Atomic Energy Community (Euratom) whose long term objective is the joint creation of safe, environmentally sound, prototype fusion reactors. The report is designed to outline the current scientific, technical and administrative status of the project, particularly with regard to: - Timetables; - Cost; - Performance of the programme; - Its position in the Euratom Fusion Programme; - Its position in the world-wide development of fusion research. The annual report is divided into two parts: - The scientific and technical programme of the project; - The administration and organization of the project. In the first part of the report, JET is compared to other large fusion devices throughout the world and its pre-eminent position in fusion research is confirmed. The report then outlines the technical status of the project, including: - The completion of the technical changes during the longest shutdown in JET's history to install the new divertor configuration; - Preparations for future shutdowns; - Progress on systems for future operations. In addition, the report details the achievements of the programme during 1994, including: - Progress towards reactor conditions; - Performance of JET compared with other Tokamaks. The scientific section of this report concludes with a description of the proposed further programme of JET until its planned conclusion. The second half of the report describes the organization and management of the project including: - The administration of JET; - The current budget situation; - Contractual arrangements; - Staffing arrangements. There are three appendices to this document: - The JET Council; - The JET Executive Committee; - The JET Scientific Council.