This report includes a brief analysis of federal research and development funding trends for the past six years as well as R&D funding projects to FY2000.

'The purpose of this project is to develop a computer code for joint in-version of seismic and electrical data, to improve underground imaging for site characterization and remediation monitoring. The computer code developed in this project will invert geophysical data to obtain direct estimates of porosity and saturation underground, rather than inverting for seismic velocity and electrical resistivity or other geophysical properties. This is intended to be a significant improvement in the state-of-the-art of under-ground imaging, since interpretation of data collected at a contaminated site would become much less subjective. The schedule of this project is as follows: In the first year, investigators perform laboratory measurements of elastic and electrical properties of sand-clay mixtures containing various fluids. Investigators also develop methods of relating measurable geophysical properties to porosity and saturation by using rock physics theories, geostatistical, and empirical techniques together with available laboratory measurements. In the second year, investigators finish any necessary laboratory measurements and apply the methods de-veloped in the first year to invert available borehole log data to predict measured properties of cores and sediments from a borehole. Investigators refine the inversion code in the third year and carry out a field experiment to collect seismic and electrical …

Report to the Governor and Texas Legislature from the Texas Comptroller of Public Account providing statistics and information about the sales and franchise tax exemptions for 1997.