Highlights of studies of ULF waves from 1995 to early 1997 are presented. The subjects covered include (1) Pc 3±5 waves excited by sources in the solar wind, with emphasis on the role of the magnetospheric cavity in modifying the external source and establishing its own resonances, and the role of the plasmapause in magnetohydrodynamic wave propagation; (2) Pi 2 waves, with emphasis on the plas...