These technical papers were presented at the Conference on Treatment of Assets and Income from Assets in Income Conditioned Programs. Six papers dealing with current and alternative treatments of assets and income from assets in programs that offer both cash and noncash benefits were presented. The first three authors reviewed the network of rules that govern eligibility and size of benefit in the leading income conditioned programs. The other three authors considered more hypothetical questions. One looked at negative income tax plans for welfare reform; a second looked at schemes for annuitizing welath held in the form of an owner-occupied home; and the third looked for insight to the literature on taxation of consumption. All the papers showed concern for the goals of existing programs and for the need to achieve these goals in an equitable and efficient manner. The central question before the conference was: Should assets and income from assets count, and if so, how, in determining elibigility and benefit levels in income-conditioned programs? The three papers on existing programs showed that practice varies rather widely from one program to another and, in some programs, from one state or locality to another. However, several major programs, namely SSI, food stamps, AFDC, and Medicaid, seemed to be converging toward what was referred to as the SSI Standard. Several possibile changes in the SSI Standard were reviewed at the conference, and these are discussed briefly here. Each of the seven possible changes raised complex and controversial questions. Most conferees found the matter of asset testing difficult, if not distastful, to discuss. Perhaps this explains why little careful study on this topic has been done to date. However, although no unanimity was achieved on any one question, there were a few points on which a consensus was reached. These are mentioned. (Author/AM)