The growing importance of information technology and innovation in the market place brings with it a need for the better management of professional knowledge for knowledge workers in the New Economy. This paper illustrates some major steps underway at the University of New South Wales, Australia towards building an educational system for IS professionals that can meet the requirements of the Knowledge Economy. The paper describes new multidisciplinary curriculum initiatives and instructional learning developments considered or implemented at the School of Information Systems, Technology and Management. A case study of a course, Electronic Record Systems, is presented. (Contains 14 references.) (Author/AEF)