These two volumes in fixed income analysis and portfolio management represent an effort by the Association for Investment Management and Research to produce a set of coordinated, comprehensive, and practitioner-oriented textbook readings specifically designed for the three levels of the Chartered Financial Analyst® Program. In producing these books, AIMR was actively involved in establishing the tables of contents, drawing on inputs from CFA Charterholder volunteer reviewers, fixed income specialist consultants, and AIMR professional staff. Amy F. Lipton, CFA and Richard O. Applebach, CFA were especially helpful. The chapters were designed to include detailed learning outcome statements at the outset, illustrative in-chapter problems with solutions, and extensive end-of-chapter questions and problems with answers, all prepared with CFA candidate distance learners in mind. This treatment of fixed income materials represents a substantial improvement over the previous collections of articles and chapters by various authors. These books provide the evenness of subject matter treatment, consistency of mathematical notation, and continuity of topic coverage so critical to the learning process. Given the expected favorable reception of these fixed income books in the CFA Program, coordinated textbooks in other topic areas are planned for the future. When considering possible authors or editors of the volumes, one name stood out among the rest: Frank J. Fabozzi, Ph.D., CFA. Because his published work has been used extensively in the CFA Program fixed income curriculum for almost 20 years and because of his widely recognized involvement in fixed income practice, Dr. Fabozzi was an obvious first choice. Given the quality of the completed project, it was an excellent choice and we are grateful he accepted the challenge. The treatment in these volumes, intended to communicate practical fixed income knowledge, skills, and abilities for the investment generalist, is a hallmark of the CFA Program. Starting from a U.S.-based program of about 2,000 examinees each year in the 1960s and 1970s, the CFA Program has evolved into a pervasive global certification program involving over 70,000 candidates from 136 countries in 2000. Through curriculum improvements such as these two coordinated fixed income textbooks, the CFA Program should continue to appeal to potential new candidates in future years. Finally, the strong support of Tom Bowman and the AIMR Board of Governors through their authorization of these fixed income volumes should be acknowledged. Without their encouragement and support, this project, intended to materially enhance the CFA Program, could not have been possible