While this Report is presented to the Library of Congress, it situates recommendations to the Library in the broader context of the environment in which the Library does and could function. Thus, the Report discusses and makes recommendations not only to the Library, but also to other current and potential participants in this environment. The Report is also aimed at policy-makers and decision-makers who influence the scope of operation of and constraints imposed upon participating organizations. The Report is based on the key premise that the community is at a critical juncture in the evolution of bibliographic control and information access/provision. It is time to take stock of past practices, to look at today's trends, and to project a future path consistent with the goals of bibliographic control: to facilitate discovery, management, identification, and access of and to library materials and other information products. Libraries must work in the most efficient and cooperative manner to minimize where possible the costs of bibliographic control, but both the Library of Congress and library administrators generally must recognize that they need to identify and allocate (or, as appropriate, reallocate) sufficient funding if they are serious about attaining the goals of improved and expanded bibliographic control. The recommendations in this report fall into five general categories: (1) Increase the efficiency of bibliographic production for all libraries; (2) Transfer effort into higher-value activity; (3) Position our technology for the future; (4) Position our community for the future; and (5) Strengthen the library profession. (Contains 38 footnotes.)