A High statistics study of states containing heavy quarks using the wide band photon beam and the E-687 multiparticle spectrometer.

The spectrometer used in Fermilab experiment 687 to study the photoproduction and decay of charm particles will be upgraded to enable it to accumulate 10**6 fully reconstructed charm particles. The physics will involve high precision studies of the D semileptonic decays, QCD studies of double D events, a measurement of the absolute branching fraction for the D0, searches for the D0 mixing, CP violation, rare and forbidden decays, fully leptonic decays of the D+ and a systematic investigation of charm baryons and their lifetimes