  We describe the second telescope of the Wise Observatory, a 0.46-m Centurion
18 (C18) installed in 2005, which enhances significantly the observing
possibilities. The telescope operates from a small dome and is equipped with a
large-format CCD camera. In the last two years this telescope was intensively
used in a variety of monitoring projects.
  The operation of the C18 is now automatic, requiring only start-up at the
beginning of a night and close-down at dawn. The observations are mostly
performed remotely from the Tel Aviv campus or even from the observer's home.
The entire facility was erected for a component cost of about 70k$ and a labor
investment of a total of one man-year.
  We describe three types of projects undertaken with this new facility: the
measurement of asteroid light variability with the purpose of determining
physical parameters and binarity, the following-up of transiting extrasolar
planets, and the study of AGN variability. The successful implementation of the
C18 demonstrates the viability of small telescopes in an age of huge
light-collectors, provided the operation of such facilities is very efficient.
