[en] This report is the first annual report of research activities directed toward the development of improved performance alloys for such severe environments as the fusion reactor first wall. Major project efforts are directed toward definition of alloy performance requirements, alloy design, alloy production and alloy performance evaluation. Rapid solidification from the melt is being used to manipulate alloy microstructure and to produce the desired design properties. Integrated testing and modeling procedures have been developed to minimize testing requirements. Major project activities are divided into tasks, which are carried out with the coordinated support of staff and facilities in four M.I.T. Departments and Laboratories. Progress during the first project year and future plans are summarized in this annual report