This report details the status of the world's children, focusing on the issue of child labor and its impact on the well being of the world's children. Section 1 of the report discusses the Convention on the Rights of the Child and international recognition that children require special attention and that they should have the same spectrum of rights as adults. Section 2 considers hazardous and exploitative child labor, including myths about child labor, definitions of child labor, its origins, types of child labor, and key initiatives to prevent child labor. Specific actions recommended are: (1) immediate elimination of hazardous and exploitative child labor; (2) provision of free and compulsory education; (3) wider legal protection; (4) birth registration of all children; (5) data collection and monitoring of child labor; and (6) codes of conduct and procurement policies. Section 3 provides statistical tables on child mortality, immunization, maternal mortality, malnutrition, and school enrollment that chart each nation's progress towards achieving the goals for children set at the 1990 World Summit for Children. (KDFB)