This panel is located to the right of the FE station.  Most of the aircraft's circuit breakers are located here.
The panel on the right with the red band on it convers the fuel dump control panel.
Right below that is a VERY out dated trip recorder whose function I'm really not sure about.
Update! [05/05/00]
Douglas Snow informs me that:
"Dated trip recorder on the F/E AUX Panel - to mark a particular flight on the FDR tape, and to show where the data for that flight starts at on the tape"

Skipping one panel below that is the APU panel.  The FE uses this panel to control the APU (Auxillary Power Unit) and is needed to start the engines if there is no ground based power available to the airplane.
Right below that is the flap indicator.  This graphically shows the state of the leading and trailing edge wing flaps.

This is the instructor panel in the 727 CPT.  From here, the instructor can set up various "situations" for the flight crew to deal with.  It also allows the instructor to configure the CPT for use.
One thing to note about this CPT is that there are NO computers connected to it at all.  Behind the CPT there are a number of 19" racks containing banks of relays and synchro transmitters (for most of the instruments) that control the behavior of the CPT.  It's pretty neat to listen to when the flight crew is dealing with an emergency of some kind.

This is a wiring bundle on the CPT.  It's located behind the FE position.
You might think this is a total rat's nest of wiring since each and every wire is the same color, but each wire has a number on it.  These numbers are recorded on the maintenance schematics for the CPT and it makes it very easy to find out what wire goes where just by looking it up in a master index.

I hope you've enjoyed this little tour of the 727 Cockpit Procedures Trainer.  If you have any questions or corrections, please don't hesitate to email me at geneb@simpits.org!

Gene Buckle
May 4th, 2000