While a number of different approaches have been suggested for the improvement of K-12 education in the United States, one common element of many plans is the more extensive and more effective utilization of computer, networking, and other technologies in support of a broad program of systemic and curricular reform. The Panel on Educational Technology was organized in April 1995 to provide independent advice to the President on matters related to the application of various technologies--in particular, interactive computer- and network-based technologies--to K-12 education in the United States. This report presents its findings and recommendations, which are based on a (on-exhaustive) review of the research literature and on written submissions and private White House briefings from a number of academic and industrial researchers, practicing educators, software developers, governmental agencies, and professional and industry organizations involved in various ways with the application of technology to education. The Panel's major recommendations include: focus on learning with technology, not about technology; emphasize content and pedagogy, not just hardware; give special attention to professional development; engage in realistic budgeting; ensure equitable, universal access; and initiate a major program of experimental research. The report contains an executive summary and ten sections: (1) Introduction; (2) Potential Significance; (3) Hardware and Infrastructure; (4) Software, Content and Pedagogy; (5) Teachers and Technology; (6) Economic Considerations; (7) Equitable Access; (8) Research and Evaluation; (9) Programs and Policy; and (10) Summary of Findings and Recommendations. (SWC)