The International Magnetospheric Study (IMS) has been organized as an international program for the first extensive attempt to perform coordinated research on well‐defined problems of the terrestrial magnetosphere [Joint COSPAR/IUCSTP Special Study Group for the IMS, 1971,1972;; Roederer, 1976; Manka, 1976]. Over the last decade or more, using instrumented satellites and sophisticated ground‐based observations, we have learned that the space environment surrounding the earth consists of an extremely complex system of electric and magnetic fields and charged particles (Figure 1). However, it may be one of the simpler of the natural plasma systems found among the other planets in the solar system and throughout the universe. As we progress to a deeper physical understanding of the earth's fascinating plasma environment, we will undoubtedly reach better appreciation and comprehension of these other systems. Further, and not to be underestimated, are the contributions that these understandings will make in significant ways to the establishing of more fundamental bases for the environmental processes known to affect complex man‐made technological systems.