More than 70 scientists, engineers, program directors and senior administrators from a broad array of disciplines, institutions and geographical regions gathered from January 27-29 in Washington, DC to discuss their views on the future of Nanotechnology research. This workshop was sponsored by the Interagency Working Group on Nano Science, Engineering and Technology (IWGN), which in turn has been charged by the Committee on Technology of the Office of Science and Technology Policy to identify the trends in nanotechnology, establish federal R&D priorities, and provide budget guidance to ensure that the potential of nanotechnology can be achieved in the US. Representatives from academic, corporate and government research organizations with backgrounds in dispersions and coatings, electronics broadly defined, composite structural materials, biology, medicine, energy and environmental sciences discussed technical issues and appropriate funding strategies. Given the large and heterogeneous nature of the workshop attendees, there were a surprising number of scientific themes that emerged as being crucial across the spectrum of research areas, such as ripening. If there were consensus issues among the attendees, they were most probably "Nanotechnology does not yet exist, but it will develop rapidly over the next decade", "avoid hype and extravagant promises", "the best federal investment strategy is to back a broad spectrum of high quality basic research and not focus on specific applications too soon", "focus the majority of funding on individual researchers and small interdisciplinary teams", and "the creation of nanotechnology will require the collaborative efforts of transdisciplinary teams and will in turn transform many traditional disciplines". This presentation will describe some of the accomplishments of current nanoscience research, opportunities for the future that were identified, and recommendations for funding agencies that came out of the workshop.