The pace, complexity, and globalization of change requires attention to the future. The change of millennia — the coming of the year 2001 — provides an opportunity, a psychological focus, for a global review of past achievements and problems and a unique chance to assess and reflect on future issues and opportunities. Unfortunately, there is as yet no mechanism or information utility to support a worldwide effort to study past achievements and problems or future issues and opportunities. Although there are many individual, isolated, special purpose, and one-time study efforts underway, there is no international system that can provide coherence or continuity to these studies, including feedback and sharing of information, and, in particular, the systematic exploration of future possibilities and policy alternatives. With growing interest in the future, the spread of instantaneous and global communications, the advent of powerful new nondeterministic modeling techniques, the ability to evoke, capture, and share information and perceptions with systematic questioning techniques and software, the proliferation of data bases, and knowledge visualization, it is now possible for futurists, scholars and others around the world to interact globally and take a fresh look at the future possibilities and policies in ways not previously possible. As the World Bank provides an ongoing system for research and feedback to improve economic policy, so too the United Nations University could provide an ongoing system for the improvement of futures research and its application to the policy process. According to a series of interviews, questionnaires, and meetings with leading futurists and scholars around the world, the proposed “Millenium Project” has the potential to become such a system. This study had as its principal objective determining the design of an information system that could effectively tap contributors, worldwide, to focus on lessons of the past that bear on world issues and the potential of future developments for intensifying or mitigating these and future issues. The first phase of the feasibility study was both methodological and substantive. Worldwide panels of experts contributed their judgments about the method or process of organizing the project; and the system that emerged from this interaction was applied in a prototype study to the issues of growing world population and the environment. During the first phase of the feasibility study, we found that: 1. 1. The Millennium Project is feasible and likely to be helpful to many institutions in examining and resolving policy issues at several levels. An overview of the project design and objectives appears in Section 2 of this article. 2. 2. Organizations that have an issues scanning function, or have a mandate to keep abreast of a broad range of futures thinking, have a need for access to a non-political, scholarly, and international system of future studies. Such organizations have requested continued participation in the second and third phase of this feasibility study, as well as establishing formal relations with the full Millennium Project. 3. 3. While several questions remain, the design features of a system to collect judgments using the Delphi process that were suggested by the international panel (outlined elsewhere in this report) form a straight forward operational system. Among the remaining questions are the design and use of international information systems and data bases, integration with quantitative techniques such as system modeling, the requirements for special study teams, and institutionalization and financial support. The design of the operational system is described in detail in Section 3 of this report. 4. 4. Cost estimates have been made for establishing international panels and collecting and analyzing information they provide using the Delphi process. Several assumptions are required. If a maximum of four topics are addressed in a particular year, each of the four panels consists of 150–200 people, the staff is kept to a base of three people with an additional 1.5 per panel, and advisors are paid an honorarium of $1.500, then the cost of this element of the full scale Project is likely to be approximately $900,000 per year. While communications modes are important in terms of timing and information access, the costs of communications are the smallest of the Project's cost elements. Detail of our cost estimates appear in Section 7 of this report. This is not the final feasibility study report, but only a report on part of Phase I. As such, it contains our initial findings about how the Project might be organized. We welcome comments from the reader. Please consider this as work in progress.