A film by Gail Jansen reports on the conditions in School District 1, where the United Federation of Teachers is running a slate of candidates against a slate backed by the neighborhood, in a re-election ordered by a Federal Judge. Shots of Lower East Side and children in a bilingual classroom. In the studio, Gordon Weil reports on the financial problems facing the Franklin National Bank, the subsequent resignation of the vice-chairman, the firing of the President and talk of investigations by the Federal government. Tom Poster reports from Albany on the Governors attempt to get a rent control bill that will be acceptable to both Republicans and Democrats. In the studio, Robert Anson speaks with Robert Abrams, Bronx Borough President, who is opposed to the $500 million aid package for Consolidated Edison that is before the legislature.