A short Overview of the development and present state of the Library of Serbian Academy of Science and Art is given in this Work. The Overlook of the growth of its Holdings, since its Foundation, is ending by a constatation of the Problems which are marking the work of this important Institution. The resolution of problems would open the perspectves of this and similar Institutions, and gave them their right place, that they have to occupy in the System of Science, Education and Universal Culture.