During the past year ESA funded the refurbishment and modernization of the 0.8 m Schmidt reflector located at the Calar Alto Observatory in Spain. The telescope, identified with the MPC code Z84,is now operational and can be remotely controlled.

The closest approach distance is not the only important parameter for assessing the asteroid hazard. The velocity plays a crucial role in shaping the outcome of a close encounter as well as in evaluating the consequences of an impact. The speed at which an asteroid flies by the Earth results from geometrical and dynamical considerations characterizing its pre-encounter orbit.

In the acronym "NEO"the final letter O stands for "Object", because the group is generally understood to include both asteroids and comets that come close to Earth. It is however interesting to note that most aspects of the NEO discovery process we commonly associate with asteroids happened first for comets

Just a few days before the edition of the present newsletter a large bolide crossed the Italian northern sky. The event was observed by many people and in particular by a newly installed fireball network PRISMA (see next page). Such images have been used to determine the trajectory of the entering object.