The Fusion Applications and Market Evaluation (“FAME”) study, being conducted by GA Technologies for Lawrence Livermore National Laboratory (LLNL) and US Department of Energy, Office of Fusion Energy, (US DOE) is described. This two-year program has a FY86 objective of Evaluating Alternative Applications of Fusion, and a FY87 goal of Exploring Innovative Applications. Applications are being reviewed and categorized into Baseline, Nuclear, Chemical, Electromagnetic, and Thermal application categories. The “traditional” applications of electricity generation, fissile fuel and tritium production, and hydrogen production continue to look attractive. Particularly promising new applications to date, with potential for near-term markets, are isotope production and radiation processing, especially when allied with the traditional application of electricity production. The economics of separate applications as well as coproduction are discussed. The combination of electricity and 60Co production appears to be one of the most attractive.