Editor's Note
National Federation of Municipal Analysts 1992 National Confernce
W. Bartley Hildreth

Municipal Finance Around the World
Freda S. Johnson, Heather L. Ruth and Francis J. Teynier

Global Economic View
David D. Hale

Derivatives:
A Growing Part of the Municipal Market's Future
William H. Browne, Linda Marshall and William Chew

Electric Utilities:
An Industry in Transition
Alan Spen, Donald Kendall Jr, and S. David Freeman

COPS in California
Lisa A. Cole