Revised version, updated from that approved at ICW96, of the TAC priorities and strategies paper for resource allocation during 1998-2000 together with TAC recommendations for the funding of centers in the period 1998-2000. The document also contains an extract from the summary of proceedings of the CGIAR mid term meeting of May 1997, and transmittals of each of the two documents from the TAC Chairman.Work on the priorities and strategies paper began at TAC 66 in March 1995, and continued until the paper was made final at TAC 72 in March 1997. Underlying priorities concerns were discussed at ICW95. In its final paper, TAC emphasized the goals of poverty alleviation, natural resource conservation, alternative sources of supply of CGIAR products, and the likelihood of success. The paper includes annexes defining CGIAR activities, describing the methodologies used, and providing an overview of production sectors and commodities.At TAC72, the Committee approved the allocation to centers for the period. It recommended that funding for centers should be based on a $400 million total, and interim allocations should move toward that level. During MTM97, the CGIAR divided into parallel sessions to review individual center medium term plans. It approved a financial planning target for 1998 of $335 to$340 million, somewhat lower than recommended by TAC