am sure that everyone who I attended the Budapest conference came away with the same feeling of success that I did. I wish to thank, on behalf of the Council and the membership, Tamas Jaszay and his committees on a job well done. The conference, reported on a separately in this issue, afforded an excellent opportunity for energy economists from around the world to interact with Eastern European energy planners who are fostering an energy transition in that part of the world. I would like to call your attention to one important item from the IAEE Council meeting. The Investment Committee, cognizant of the reserve fund status of the Association, recommended the establishment of a new IAEE Foundation to promote energy economics in developing countries, and to encourage the education and development of energy economists. This recommendation is consistent with my initiative to broaden and deepen our membership. I appointed a three person committee to follow up on this development. I expect them to complete their report by June 1997 and would welcome any suggestions on this matter from the membership at large. I would like to congratulate the Danish Association on their 10th Anniversary which will be celebrated by a regional conference on Transport, Energy and Environment. This October meeting highlights the importance of the transport sector to long-term energy demand and environmental goals. The IJSAEE is in the final stages of planning for the North American conference of the IAEE to be held in Boston this October. The meeting, emphasizing aspects of energy deregulation, should be useful for all members interested in the changes sweeping all energy sectors. I encourage your attendance. See you in Boston
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