The results of an observational program aimed at setting up a network of faint near-infrared standards of sufficient accuracy are reported. The network covers both northern and southern hemispheres and includes standards red enough to provide at least a limited check on color transformations. The standards are set up at J (1.2 micron), H (1.6 micron), K (2.2 microns), and L (3.5 microns), and their H2O and CO molecular absorption indices are determined. The problem of color transformations between observatories is discussed briefly. All magnitudes presented are transformed to the natural system defined by the CIT observations.