Dire financial times, budget tightens. San Diego satellite program to end. Honors and Awards: Benet, Giacomini, Kroetz, Winter, Day, Yokoyama, Soller, Vogt, Wang, Saraiya, Elmore, Clemens, Rocklin, Heller. New associate deans Santi and Kayser. New faculty: Gartner, Roy. Pharmacogenomics: Phillips, Ikediobi, Shin. UCSF Medical Center collaborations, Paulson. In the news: Bero, Rising, Bacchetti, Wells, Woolley. Ranked #1 again by U.S. News and World Report.