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Since 1976 the Institute of Mathematics of the Romanian Academy (formerly the Department of Mathematics of INCREST) and the Faculty of Mathematics (formerly the Faculty of Sciences) of the University ofTimi~oara have organized several Con- ferences on Operator Theory. These Conferences were held yearly in Timi~oara (or in Timi~oara and Herculane) and beginning with 1985 they were held in Bucharest (1985,1986), in Timi~oara (1988) and in Predeal (1990). At the beginning, these Conferences answered the need of a part of the Romanian Mathematical Community ofexploring other forms of survival, after the dissolution of the Institute of Mathematics in 1975. Soon, these meetings evolved to International Conferences with a broad participation and where important results in Operator Theory and Operator Algebras and their interplay with Complex Function Theory, Differential Equations, Mathematical Physics, System Theory, etc. were presented. The 14th Conference on Operator Theory was held between June 1st and June 5th 1992, at the University ofTimi~oara. It was partially supported by the Institute of Mathematics of the Romanian Academy and by the Faculty of Mathematics of the University ofTimi~oara. Another important contribution towards covering the costs of this meeting came from The Soros Foundation for an Open Society. Without this generous help the organizing of this event would be impossible. Since 1980, the Proceedings of OT Conferences were published by Birkhauser Verlag in the series Operator Theory: Advances and Applications. The abstracts of the talks were collected in the Conference Report, published by the University of Timi~oara.