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nationally of Smithsonian licensed products, particularly the Smithsonian-line of textiles of Fieldcrest Mills whose sales have exceeded $4.2 million in the four months of September - December 1974 -- reportedly the most successful line of products in Fieldcrest's history. Tonka Corporation, on the other hand, is finding that the introduction of its new product line of Smithsonian-based craft kit is a slower process under present market conditions; it is nevertheless proceeding with additional products for 1975. Silver and pewter products (Stieff), tapestry and wallpapers (Shumacher) and other products will also be introduced this year. One-third of the net gain of the Product Development Program and of the Museum Shops is now being distributed directly to the Smithsonian bureaus, giving them this year an estimated $225,000 toward purchase of collection items or exceptional programmatic needs.

Current plans point to a need to devote a large portion of this year's expected gain of $2,100,000 in unrestricted private funds to building purposes as follows:

[[underlined]]TRANSFERS TO PLANT FUNDS[[/underlined]] (Amounts required in FY 1975 in addition to previous or later transfers)

West Court Facility (Nat. Hist. Bldg.) | $1,000,000
Museum Shops Construction
Natl. Museum of Hist. & Tech. | 62,000
Natl. Museum of Nat. History | 75,000
J.H. Hirshhorn Museum | 18,000
Chesapeake Bay Center Land Acquisition | 75,000
Cooper-Hewitt Bldg. Renovation | [[underlined]]425,000[[/underlined]]
Total transfers to Plant | $1,655,000

Full details on the West Court facility are being discussed as a separate agenda item of this meeting.

Receipt of hoped-for donations for the Cooper-Hewitt Renovation may reduce or eliminate the amount shown for that item. In this case it may be