This report reveals the size and scope of the efforts of the Council on Library Resources (CLR) to meet current and emerging social needs for library-based information service. The current definition of library resources is given, and current challenges are identified. A complete description, to date, of the National Engineering Information Initiative (NEII), a project to develop an online virtual library for engineers, is given in the first section. Through its infrastructure program, the Council continues communication and cooperation among the various information systems that support libraries, as discussed in the second section. Infrastructure topics include current information projects, policy, planning, collaboration, scholarly communication, Network Advisory Committee, and community networking. The third section deals with human resources topics such as leadership and development, library and information science education, and research and reports. Final sections discuss economic as well as access and processing issues. A bibliography listing 63 publications and reports resulting from CLR programs in 1993/94 is provided. The report concludes with financial statements of current active projects. (MAS)