The development of Tate's representation of international contemporary art remains a priority and we continue to make significant acquisitions. Of particular importance are two major sculptures by Luciano Fabro, on long loan since first shown at Tate in 1997, which have been secured for the Collection: The Sun, presented by Tate Members, and The Moon, which was purchased. In addition Tate's existing holdings of a number of artists' work were substantially strengthened by judicious acquisitions, including: Show Your Wounds 1977 by Joseph Beuys, a recent work 480x10x10 by Miroslaw Balka, and an installation by Juan Muñoz, Towards the Corner (purchased with assistance from Tate Members), including the characteristic figures close to those seen in Double Bind, his Turbine Hall installation at Tate Modern in 2001. Representing certain leading artists by recent work is an imperative in Tate's collecting strategy and Her Blood, 1998, a magnificent three-part sculpture in stainless steel and lacquer by Anish Kapoor, was purchased with the assistance of Tate Members.

Our continuing strategy of collecting art from Latin America, boosted by the activities of the Latin American Acquisition Committee, has resulted in the acquisition of Sebastian Diaz Morales's video 15,000,000 Parachutes, two of Eugenio Dittborn's Airmail Paintings and works by Gabriel Orozco. Within the field of contemporary British art, Tate was delighted to acquire The Betrothal, a major pastel triptych by Paula Rego, purchased with assistance from the Art Fund and the Gulbenkian Foundation and, as a gift from David Hockney, Portrait of David Hockney in a Hollywood Spanish Interior by Peter Blake. Bridget Riley's recent large-scale painting, Evoe 3, that formed the climax to her retrospective at Tate Britain in 2003, was presented by Tate Members.

Tate has been actively collecting artists' film and video for some time and notable acquisitions in this field include Willy Doherty's Re-Run, Pierre Huyghe's Les Grands Ensembles, Christian Marclay's Video Quartet, Ori Gersht's Neither Black nor White and Shirin Neshat's Soliloquy. Bill Viola's Five Angels for the Millenium, shown at Tate Modern in 2003, set a precedent in co-operation between international museums, as it was purchased jointly by Tate, the Whitney Museum of American Art, New York, and the Centre Pompidou, Paris. Our collection of modern and contemporary prints was greatly enhanced by the magnificent gift of 455 prints by numerous artists, from printmaker Ken Tyler.