This annual report provides a review of Council on Library Resources (CLR) activities for 1988-1989. Status reports on long-term projects and/or lists of relevant activities funded during the year are provided for the CLR Program on Library Management and Operations, including: operating support for the Commission on Preservation and Access; bibliographic services, including the Linked Systems Project (LSP) and the Bibliographic Services Study Committee (BSSC); and access to recorded information. Activities reported in the area of librarianship and professional education include: several fellowship programs; the Academic Library Management Intern Program; cooperative research grants, which are designed to stimulate productive communication between librarians and faculty members and increase the quantity and quality of library research; a senior fellows seminar on the future characteristics of academic research libraries; and an institute for government archivists. Information Studies, a new CLR program that is designed to strengthen professional education, is described in detail. Also included in this report are: (1) rosters of committees that assisted CLR; (2) a list of publications and reports that have grown out of CLR programs and grants; (3) an account of administrative matters of general interest; (4) a record of active grants; and (5) the audited financial reports for the year. An index is provided. (SD)