More than 60 CIOs and senior IT executives attended the Winter 2004 CIO Executive Meeting at the Loews Santa Monica Beach Hotel. Member case study presentations were complemented by facilitated discussion sessions and informal dinner gatherings, providing ample opportunity for the participants to share ideas and experiences related to managing an IT organization in a recovering economy. The discussion that emerged during these two days ranged from familiar IT topics such as system consolidation and offshore outsourcing to general management issues like the role of the CIO and strategic planning. This summary report provides an overview of the member presentations and discussion themes.