Serving as an educational delivery system, the Association for Continuing Education offers a broad range of programing to employees of San Francisco Bay Area firms that are members of the Stanford Instructional Television Network. Courses are available in business (leading to the MBA degree), management development, supervisory training, mathematics, business writing, effective reading, conversational French, English as a second language, cybernetics, and other general and special interest subjects. Programs of instruction originate at Stanford University and are broadcast to the students where they work. Students receive instruction by television, but otherwise participate in their courses in the same manner as on-campus students. This is accomplished through a two-way audio system which links the students with each other and with the instructor so that they may interact while the course is in progress. Some programs are also videotaped for viewing at field locations. The annual report includes lists of officers and board members and member companies, and provides financial, statistcial, and general information on the program operation. (Author/LS)