The Project consists of two phases, Phase I focusing on determining research priorities leading to the development of high yielding breeds and strains; documentation of carp genetic resources, documentation of carp genetic improvement and initiation of breeding programs; and Phase II concentrating on (i) continued development of improved breeds, (ii) dissemination and evaluation of improved carp species, and (iii) establishment of carp breeding programs. The Asian Development Bank (ADB) provided a Technical Assistance Grant (RETA No. 5711) for implementing Phase I. Six developing member countries (DMCs) of the Bank: Bangladesh, People's Republic of China, India, Indonesia, Thailand and Vietnam are the participants in this Project. ICLARM submitted a Project Inception Report, covering the activities from June to October 1997, to ADB in November 1997. This technical report discusses the activities and accomplishment of the Project from November 1997 to June 1998.