The Department of Physics and Measurement Technology, Biology and Chemistry (IFM) presents its 24th consecutive annual progress report. It contains a brief description of activities in research and education within the department. The report is intended as an information for colleagues and institutions. The present report contains activities for the academic year July 1993 to June 1994. IFM has been in operation for slightly more than two decades, and has during that time expanded quite substantially. The number of employees is around 270 including 110 graduate students. The number of papers accepted for publication or published in highly reputed international scientific journals is on a high level, which gives a good indication of the quality of research performed at IFM. IFM is also very active in education for undergraduates. Examples of such activities are given in our report. Almost 30% of the total budget is allocated to undergraduate educational programmes.