This is the first prospectus of the Open University which will begin operating in January 1971. University governance, policy, and philosophy are discussed in the introduction. The remainder of the prospectus is devoted to: (1) degrees and diplomas offered by the University; (2) the undergraduate program; (3) a syllabus of foundation courses; (4) application requirements and procedures for admission as an undergraduate; (5) studying at the University, including home study and correspondence and broadcast elements; (the Open University is generally geared to adult students who either work or are occupied at home); (6) the postgraduate program; (7) fees; and (8) a list of University officers and staff. The appendices include: (1) calendars for 1970 and 1971; (2) regions, regional offices, and study centers: (3) a provisional list of summer schools in 1971; (4) regulations governing the award of the BA degree; (5) regulations governing the award of higher degrees for advanced study and research; and (6) regulations governing the award of higher doctorates. (AF)