We consider a process semantics intermediate between bi-simulation semantics and readiness semantics, called here ready-trace semantics. The advantage of this semantics is that, while retaining the simplicity of readiness semantics, it is still possible to augment this process model with the mechanism of atomic actions with priority (the 0 operator). It is shown that in readiness semantics and a fortiori in failure semantics such an extension with 0 is impossible. Ready-trace semantics is

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... ered here in the simple setting of concrete process algebra, that is: without abstraction (no silent moves), moreover for finite processes only. For such finite processes without silent moves a complete axiomatisation of ready-trace semantics is given via the method of process graph transformations.