The national investment in graduate education is addressed in proceedings of the 1982 meeting of the Council of Graduate Schools in the United States (CGS). Proceedings of the CGS business meeting are also included. The keynote address by Howard R. Bowen, "Educational Possibilities for Our Grandchildren," is provided. Transcripts of the conference sessions are presented, including the following: "Investing in Graduate Education--Who Invests: Who Benefits?"; "Industry/University Cooperative Programs: Strengthening the Relationships"; "Opportunities for Women Graduate Students"; "The Graduate School and Teacher Preparation: What Are the Graduate Schools Doing to Improve Teacher Preparation?"; "What Appears on the Horizon for Graduate Education of Minorities?"; "International Education: What Are the Issues?"; "Professional Graduate Programs/Degrees?"; "Closing Pandora's Box: The Research Library in the Year 2000"; "An Assessment of Research Doctorate Programs in the U.S. Sponsored by the Conference Board of Associated Research Councils (Discussion of Report)"; "Master's of Liberal Arts Programs/Master's Degrees Institutions"; "Graduate Education in the Humanities: Some Options for the Future"; "Science, Technology, and the Humanities"; "Financing Graduate Education"; and "Graduate Programs in Biomedical Sciences." (SW)