The founder, in 1932, of the CHICAGO INSTITUTE FOR PSYCHOANALYSIS, Dr. Franz Alexander, is retiring as director of that Institute to become director of the research center of the Mount Sinai Hospital in Los Angeles, California. On his retirement from the Chicago Institute in October 1956, Dr. Alexander was the guest of honor at a banquet given in Chicago. Lawrence F. Stern, Chairman of the Board of Directors and of the Board of Trustees, presided. Helen Ross, Administrative Director of the Chicago Institute, was mistress of ceremonies. The principal speaker was Dr. John Romano, Chairman of the Department of Medicine, University of Rochester. Dr. Alexander is being succeeded at the Chicago Institute by Dr. Gerhart Piers, and alumnus of that Institute.