This document discusses the state of learning object repositories (LORs) and the BCcampus LOR initiative. It outlines that in 2004, LORs were still struggling to define their purpose but by 2005 had a better understanding. The LOR market was immature in 2004 but started to mature in 2005 with some large purchases. Open source LORs had few widely adopted examples. The BCcampus initiative selected and implemented an open source LOR to create repositories for K-12 and post-secondary sectors in British Columbia.