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Discusses the current business enthusiasm for intellectual capital and knowledge management and how the librarian should, in principle, take center stage in the intellectual capital and knowledge management process. Proposes a general prescriptive for the process and the librarian′s potential role therein. Specifically, recommends initiating this process with an annual report of the “state of the union” of intellectual capital, from a “value added to the learning organization” viewpoint. Identifies specific items that could be treated in such a report and concludes with an annotated bibliography of key articles in both the business and library literature.

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