We’d also like to recognize the contribution made by Paul Otellini during his tenure on the Board of Directors. As a measure of our appre- ciation, the Board has given the title Director Emeritus to Paul, who will not stand for re- election at this year’s Annual Meeting. So whether we’re helping an inspired engineer design and create an innovative new product or enabling a special-effects artist to bring home an Academy Award for dazzling digital images, Autodesk will be right there support- ing our customers in their great work— and justifying the confidence you’ve shown  by investing in us. In these challenging times, customers are look- ing for innovative ways to do more with less. In response, by Q2 of fiscal 2004 we will have released robust new versions of all our major products.This product portfolio is the strongest in our 20-year history.We’ll be marketing prod- uct and service solutions that are quick to implement and improve our customers’ time to market.We believe these offerings will bolster Autodesk’s position as a solution provider and partner. Our unique combination of world- class products and services, solutions-focused approach, and customer-centric alignment puts us in an extremely strong position in the lifecycle management arena. Of course, we couldn’t have accomplished what we did in the past year without the con- tributions of those who support our efforts here at Autodesk: our customers, partners, resellers, developers, employees, and, of course, our investors. The realignment is enabling all of Autodesk to develop and market the technologies our cus- tomers count on us for, and at the same time create the lifecycle management solutions we believe are part of our future. These initiatives represent strategic, forward- thinking resource investments that we believe will position Autodesk in key growth areas. Interest in and demand for these next- generation concepts is growing. Continuing our tradition of innovating and mainstreaming technology, Autodesk will be ready to deliver future products and services in these areas. In an effort to become even more customer- centric, we vertically aligned our sales and  professional services organizations with our customers’ industries and our own product divisions.This vertical reorganization has three major elements: Customer-Centric Focus •Makingthecustomerthecenterpieceofall our decision making •Aligningournewlystructuredverticalsales force with our product divisions •Movingtowardasolutions-focusedsales approach that will help Autodesk succeed in the lifecycle management space 7 Autodesk, Inc. FY  03 CAROL BARTZ Chairman, Chief Executive Officer, and President 2004 and Beyond Looking ahead to the next year and beyond, I believe that Autodesk has never been as well-positioned for future growth and  success as it is today.