We are celebrating a most significant birthday. Whether we reckon our age at one hundred or ninety, it is a time of professional maturation, an occasion for enormous pride in the achievement of psychoanalysis. That achievement was made under special circumstances, which have given a unique shape to our enterprise. But as we achieve maturity, we have begun to change in new and not entirely predictable ways, which call for new perceptions, the development of new attitudes, and the creation of new structures for our functioning. A new form of educational institution deserves our most urgent attention.

It is predictable that the pace of change will quicken. It is part of our psychoanalytic heritage that we show the courage to face new realities and to find new adaptations which will insure the recruitment of bright young minds, the continuing advance of psychoanalysis, and our growing contribution to human welfare. I am optimistic for our future.