Kennan assess Soviet officials. He focuses on Stalin to create a profile from his history and experiences.

Milovan Djilas relates his first meeting with Stalin and the discussion about the Yugoslav military and other general conversation.

T.V. Soong, Stalin, and others discuss the status of the war with Japan, the borders of Inner and Outer Mongolia, and the right of Soviet use of Manchurian railroads.

Molotov and Soong author a Soviet-Chinese treaty regarding Outer Mongolia, Soviet troops, railways, port Dairen and Port Arthur.

Churchill and Stalin discuss the progress of the war in Europe and its brutality. They propose three alternative plans of German dismemberment and how German assets should be divided among the Allies. They discuss further punishments and reparations.

George Kennan describes Stalin's character, underlining the importance of his nationality, ignorance of the west, and his seclusion. Kennan further warns that Stalin's advisors are not interested in collaborating with western democracies, and that Russia's internal police regime is developed beyond its foreign policy.