Data in the tables of this publication were derived from the Survey of Federal Funds for Research and Development. They reflect research and development funding (R&D) levels as reported by 32 federal agencies from March through October 1994. The agencies reported their data as obligations and outlays incurred, or expected to be incurred, regardless of when the funds were appropriated or whether they were identified specifically for R&D. Data for 1993 are actual, and data for 1994 and 1995 are estimates, since they do not represent completed transactions. Estimated federal funding for R&D is expected to decrease 1%, to $72 billion, in fiscal year 1995. Contributing to this is a 26% drop in R&D plant obligations and a 1% decrease in development funding. However, research funding is expected to increase slightly. Seven of the 32 reporting agencies will account for 95% of total federal funding of R&D and R&D plant. Funding for the Department of Defense will be the largest share, followed by funding for the Department of Health and Human Services. One table in the "Overview" and three charts provide background information. Detailed statistical tables (n=109) are in Section C, and an appendix contains 2 more tables of agencies included in the survey since its inception. (SLD)