HTML 4.0 Specification
The World Wide Web Consortium (W3C) has announced a Working Draft of the HTML 4.0 specification, which will superscede the HTML 3.2 Recommendation published in January, 1997. The new standard promises enhanced forms, frames, and tables, and also improves support for objects, scripts and styles.

W3C Working Draft 8-July-1997
Introduction to the HTML 4.0 draft.
HTML 4.0 Specification: Table of Contents
This is the text of the proposed HTML 4.0 specification Draft of HTML 4.0

From the W3C

Press Release, July 8, 1997
World Wide Web Consortium Publishes Public Draft of HTML 4.0
Director's Perspective
Tim Berners-Lee, W3C Director, discusses the new draft standard.
Testimonials
Statements from major industry players

ZDNet Coverage

HTML 4.0 marks first time for spec as industry leader
PC Week Labs takes a look at the emerging specification.

Why HTML 4.0 Is Just What We Need
ZDNet AnchorDesk's Jesse Berst explains why the new proposal is good.
Berst Alerts
Join a public discussion of the new standard, hosted by Jesse Berst.