The first of a series of volumes to be known as "The Harvard Business Reports", will be issued this year by the Harvard Graduate School of Business Administration, according to an announcement made Saturday by Wallace B. Donham, Dean of the School. These reports are designed to furnish business precedent in much the same way as a law library does to the lawyer. They will constitute a record of decisions reached on business problems by important business organizations throughout the country.

"One of the chief differences between business as a profession and law as a profession," Mr. Donham said, "is that law is 600 years ahead of business in recording decisions.

The reports will be analagous to the court reports of judicial decisions in law cases; instead of the judge's decision, a decision of the business executive will be given.

"In preparing these reports," he continued, "the policy has been to select significant cases; in other words, those which have value as precedence for the guidance of business judgement. Each case will be stated as it arose in the experience of the firm or company from which it was obtained with only such incidental alterations as are necessary to disguise the identity of the source.