The Panel, under the chairmanship of S. P. Keller, was created by the Solid State Sciences Committee, National Research Council, at the request of and with the support of the National Science Foundation. The Panel consisted of four subpanels: Scientific Opportunities, Raymond L. Orbach, chairman; Applications, John K. Hulm, chairman; Magnet Design and Materials, Bruce Montgomery, chairman; and High Magnetic Field Facilities and Users, Bruce D. McCombe, chairman. The major recommendations were I. A design program should be started to determine methods for producing steady state, highly homogeneous, magnetic fields up to 75 T. It is recommended that fields of 45 T and 60 T be the intermediate goals along the way to 75 T. II. The design and construction of quasistatic pulse magnets with fields approaching 100 T should be undertaken. III. The design and construction of short pulsed magnets affording fields greater than 1000 T should be undertaken. In addition to these primary recommendations, there were others dealing with i. The support of research in superconducting materials and processing techniques. ii. The funding of facilities for supporting equipment (e.g., optical spectrometers). iii. The support of research exploiting the high magnetic fields recommended above. iv. Funding for adaptation of energy sources developed for other applications to high magnetic field installations. Report published by National Academy of Sciences, Washington, D.C. (1979)