This was a relatively quiet year for the Ratings Committee (RC). With no charged tasks, we encountered two issues that were discussed among committee members during the year. These are described below. Apart from these issues, the committee chair has been in contact with the USCF office about the USCF system upgrade to make sure the transition of the rating system is carried out seamlessly. The RC will make sure that this transition would include the ability to have the rating system monitored according to the approach the RC has been working on over the past several years. The first main issue we encountered was the news that the USCF had made the decision to allow events with Game/5 time controls to be rated under the Quick Chess system, which prior to 2004 included time controls as quick as Game/10. Unfortunately, this decision was made without consultation of the committee. It is arguable that games with Game/5 time controls require a type of skill not necessary for longer time controls, so that the Quick Chess rating system as it stands may not be appropriate. In discussing the issue among RC members, two approaches to addressing the problem arose. One method is to implement an entirely new rating system that would be specific for blitz chess. The second method is to use Quick Chess ratings, but in updating ratings from blitz chess events, the rating change would be a fraction (e.g., 1/2 or 1/4) of the normal rating change. This is an example of the so-called "fractional-K" method. We conveyed to the RC liaison to the Executive Board these possible approaches, and to discuss these possibilities at the January 2004 EB meeting. Based on recent communications, we anticipate revisiting this issue in the coming months. The second issue we addressed was in response to an announcement that select FIDE events would be USCF-rated for players who had USCF ratings, and that the method was to add 50 rating points to FIDE ratings in calculating rating updates. In response, we pointed out that the RC devised a method 10 years ago which was in place in 1994 to update USCF ratings from FIDE events. We advised that the USCF office continue to use this procedure.