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A section devoted to longer-run expectations in trust funds includes continued expected growth of endowment reserves. Application of trust fund-generated surpluses to approved programs is stressed, especially in fellowship, education and selected research and collection activities. 

Federally supported grant and contract work is assumed to continue as one of the Institution's sources of funds, but only in selected areas where the Institution can contribute substantively to the advancement of knowledge. In addition, the Institution anticipates the Foreign Currency Program to continue to remain active over the longer run. 

A portion of the Prospectus addresses potential new facilities to be developed, and includes longer-range projects such as finishing the Zoo's aquatic habitat facilities, possible underground Mall parking areas, the Zoo's visitor/conference center at the Front Royal Conservation Center, and the potential relocation of the Radiation Biology Laboratory from its present Rockville, Maryland, leased facilities. In addition, a new administration and research building for the Cambridge headquarters of the Astrophysical Observatory is mentioned, along with an extension for the Cooper-Hewitt Museum and a possible second phase of development of the Suitland Museum Support Center property. 

Beyond FY 1988, renovation, restoration, and modifications to existing space in Mall and other buildings will continue to be among the highest priorities of the Institution to enhance exhibitions and research programs, access by the handicapped, safety and health programs, and the general ability to preserve its historic facilities.