Manual launch of international satellite PS-2 assembled by Russian and French school- children took place from the space station MIR during the egress on November 3, 1997. PS-2 is equipped with a 0.2 kW radio transmitter working within the range of amateur frequency of 145 820 MHz and has similar to MIR orbital parameters. Beeps of the satellite can be picked up by radio hams all over the world. In 1993 a fascinating, now already historic, youth space program was implemented under the aegis of the Federation of Cosmonautics of Russia. Ninety years have passed since Constantin E. Tsiolkovskiy developed a schematic of a rocket to reach outer space. In the Center of Pupils’ Technical work in Nalchik (Republic of Kabardino-Balkaria) schoolchildren constructed a 1:100 model of the rocket out of a light aluminum alloy. With a good grace of Rocket/Space Corporation Energia, the model was delivered to MIR and, inserted into a near-Earth orbit by flight commander V. Tzibliev and flight engineer A. Serebrov during their space walk on October 29, 1997, it became a symbolic artificial satellite of the planet. Implementation of this first in the history of world cosmonautics youth space program called “School satellite” is an important milestone event. In April 1996, the Russian delegation submitted to the planned meeting of the Record Commission of the International Aeronautics Federation documents related to this youth program. Accomplishments were highly appraised by authorized representatives of the counties-members of IAF; participants in the youth program were conferred with IAF distinctions highlighting this pre-eminent action of schoolchildren from Russia. In December 96, by the formal IAF invitation, on the errand of the Federation of Cosmonautics of Russia and with the support of the Russian Embassy in France a delegation from Russia including children visited the IAF Head-quarters, National Aeroclub of France, and CNES. During these visits, much interest evoked the Russian initiative to commemorate the anniversary of the launch of the first artificial spacecraft by international youth space program “Sputnik – 40 Years Into the Space Era” to be carried out within 1997 with participation of young people of Russia and France. To this end, on February 20, 1997, i.e. eleven years to a day since the launch of the MIR core module, the public agencies of Russia (Federation of Cosmonautics) and France (Aeroclub) entered into the Agreement on international youth space programs ‘YOUTH TO SPACE” to provide long-range cooperation and effective consolidation of efforts. Under the cover of the Agreement, an “Artificial Satellite – 40 Years Into the Space Era” Protocol was signed. It is remarkable that the initiative was taken in the year of numerous space jubilees including 40 years of the space era, 140th anniversary of K.E. Tsiolkovskiy, 90th anniversary of S.P. Korolev, 150th anniversary of N.E. Zhukovsky, and a centenary of Yu.V. Kondratyuk.