Five correspondents for the New York Times present their views concerning what to expect from the administration of President Reagan.

Introduction : a historic opportunity / Hedrick Smith -- A star is born / Adam Clymer -- Creating the role : California rehearsal / Robert Lindsey -- On the supply side : free trader / Leonard Silk -- Arms and the man / Richard Burt -- Reagan's world / Hedrick Smith -- The final campaign / Adam Clymer -- Mr. Reagan goes to Washington / Hedrick Smith.