We describe our ongoing research that centres on the application of natural language processing (NLP) to software engineering and systems development activities. In particular, this paper addresses the use of NLP in the requirements analysis and systems design processes. We have developed a prototype toolset that can assist the systems analyst or software engineer to select and verify terms relevant to a project. In this paper we describe the processes employed by the system to extract and classify objects of interest from requirements documents. These processes are illustrated using a small example.