THE American Telephone and Telegraph Company has established a trust fund to finance post-doctorate fellowships in physical science in honour of Dr. Frank B. Jewett, president of the U.S. National Academy of Sciences and vice-president of the Company in charge of development and research, who has just retired, having reached the Company's retirement age. Five fellowships will be awarded annually. The object is to stimulate and assist research in the fundamental physical sciences, and particularly to provide the holders with opportunities for individual development as creative workers. The fellowships provide an annual honorarium of 3,000 dollars to the holder and 1,500 dollars to the institution at which the recipient elects to do research. The fellowships will enable their recipients to devote themselves to research in pure science for a year or two, following their doctorates. Since the purpose is to provide for the full-time continuation of academic research, awards will normally be made to those who have obtained the doctorate within the, preceding year, or are expected to receive that degree not later than the beginning of the next fellowship term which starts on July 1 each year. The committee of award will consist of seven members of the scientific staff of Bell Telephone Laboratories who are actively and creatively engaged in research in the respective fields of physics, mathematics and chemistry. In making the selection for awards, the primary criteria will be demonstrated research ability of the applicant, the fundamental importance of the problem he proposes to attack, and the likelihood of his development as a scientific man. Selection for a fellowship award and its acceptance will involve no implication or commitment on the part of Bell Telephone Laboratories or on the part of the recipient as to later employment in the Laboratories.