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This paper presents an overview of the current status and data applications of FORMOSAT-2, Taiwanese's first earth observation satellite mission. Highlights of its contributions to monitoring of global natural disasters and earth environmental changes will be illustrated. The FORMOSAT-2 satellite successfully complements existing high spatial resolution imaging satellites such as SPOT-5, IKONOS, and QuickBird, among others, with its unique capability of daily revisits worldwide. The FORMOSAT-2 follow-up program to ensure data continuity to the user community is briefly introduced.