The National Investigations Committee on Aerial Phenomena (NICAP) is forming to investigate UFO sightings and determine if "flying saucers" exist. The committee is led by Thomas Brown and plans to elect a board of governors. It will operate as a privately funded fact-finding group to serve the public interest. Membership levels range from $7.50 to $1,000 and the goal is to raise $2-3 million for research.