Here's a few items to consider off the top of my head (I am travelling and do not have access to my repository)
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Introductions, including each person's stake/interest int he project
Background and Project Vision (Project Sponsor)
Project High level timeline, staffing, and budget (as appropriate) (Project sponsor or PM)
Risk roundtable - each person states what he/she perceives as the greatest risk to the project.
PRoject communication - meeting schedule, status reports, etc.
Summary - open issues and takeaways.
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The trouble with doing something right the first time is that noboby appreciates how difficult it was.
- Steven Wright