This hearing was held to examine the current state of mathematics, science, and engineering education at the undergraduate level by focusing on the demands of a knowledge-based economy. Contents include opening statements by Representative Nick Smith, Chairman, Subcommittee on Research, Committee in Science, U.S. House of Representatives; Representative Eddie Bernice Johnson, Ranking Minority Member, Subcommittee on Research, Committee in Science, U.S. House of Representatives; and Representative John B. Larson, Member, Subcommittee on Research, Committee in Science, U.S. House of Representatives. The witnesses were Dr. Carl E. Wieman, Distinguished Professor of Physics, University of Colorado, Boulder; Dr. Kathleen P. Howard, Assistant Professor of Chemistry, Swarthmore College; Dr. Daniel A. Wubah, Professor of Biology, James Madison University; Dr. Steven Lee Johnson, Provost and Chief Operating Officers, Sinclair Community College; and Dr. James Narl Davidson, Professor of Mechanical Engineering and Interim Dean of Engineering, Georgia Institute of Technology. (YDS)