The year 2000 marked a turning point for ACBF not only because of the smooth and cost effective integration of the Partnership for Capacity Building in Africa (PACT) into the foundation, but also because the Foundation's performance was remarkable indeed by any conceaivable measure. the achievement surpased by far the cumulative performance since the stablishment of the Foundation in 1991. This report provides a synopsis of these accomplishments, which have paved the way for the road ahead.