Project 30 is a collaborative effort involving 30 representative institutions of higher education whose mandate is the redesign the way that prospective teachers are educated at the nation's colleges and universities. Faculties of arts and sciences and faculties in education are engaged in joint action for fundamental reform. The 30 participating colleges and universities are a cross-section of all four-year institutions in the United States that prepare teachers for certification. This report takes stock of the status of Project 30 after a little more than 1 year, and identifies five themes or conversations taking place among faculties of the participating institutions in an attempt to clarify the intellectual underpinnings of teacher education: (1) subject matter understanding; (2) general and liberal knowledge; (3) pedagogical content knowledge; (4) multicultural, international, and other human perspectives; and (5) recruitment into teaching. Three years after its initiation, Project 30 will have begun reforms on campuses of participating institutions and will issue major publications calling for a national reform effort based on the work and ideas consolidated during the life of the project. Participating institutions are listed. (LL)