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STEREOTAXIS, INC. filed this Form S-1/A on 05/12/2004
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                                    ANNEX 1

                                DEVELOPMENT WORK

Interface specification will include:

-    Mechanical interface addressing magnetic compatibility and collision 

-    Workflow and User Interface addressing the aspects of determining magnetic 
     field vectors from image information and user control of magnetic fields

-    IT integration for assessment and clinical outcome documentation.

-    Integration capability for third party cath lab localization systems (such 
     as Biosense, [***], etc.)

And may also include, as mutually agreed (following successful collaborative 

-    Image fusion of pre-operative 3D data from MR, CT, etc.

Common Stereotaxis/Siemens interface specifications will be defined in the 
"Requirement Specification". This document will be jointly created and will be 
reviewed and released by both parties.

The compatibility of both components will be tested in a "System test". Results 
have to be documented and are the base for a joint release for shipment to 

Each of the two parties is responsible for their own component.

Details will be agreed by a "collaborative engineering working group" to be 
established after signing of this Agreement.        

[*** Indicates portions of this exhibit that have been omitted and filed
separately with the Securities and Exchange Commission pursuant to a request for
confidential treatment.]

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