Each of the objectives of the Five Associated University Libraries (FAUL) is discussed in terms of the effort FAUL has made to attain them during the past twenty-six months. These are: (1) to develop coordinated acquisitions policies, (2) to develop means for sharing resources, (3) to develop shared storage facilities, (4) to develop easy and rapid communications systems among the membership, (5) to develop compatible machine systems, (6) to explore and develop other areas of cooperation, and (7) to develop a coordinated policy for long-range growth. Fiscal year 1970-71 will be decisive for FAUL, as it gropes for an identity. Embedded in this procedure is a continual testing of the limits which cooperative acts can reach and a concomitant gradual delineation of what each library's objectives are in joining together. (AB)