Details relevant to the operation of the Association for Continuing Education (ACE) for the year ending June 30, 1973 are presented. ACE is a non-profit corporation offering live, televised courses to employees of cooperating firms in the San Francisco area. Using the television facilities of Stanford University, instructional programs are broadcast to students at their places of work, three times daily, five days a week; a two-way FM audio link makes the classes fully interactive. Courses are currently offered in business administration, cybernetic systems and supervisory management. The report includes some general information about ACE, lists of corporate officers and board members, a roster of member companies, annual reviews of operations and programs, a consolidated balance sheet, an audit and the outlook for the future. (PB)