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This book contains proceedings of the research conference on algebraic $K$-theory that took place in Poznan, Poland, in September 1995. The conference concluded the activity of the algebraic $K$-theory seminar held at the Adam Mickiewicz University in the academic year 1994-1995. Talks at the conference covered a wide range of current research activities in algebraic $K$-theory. In particular, the following topics were covered: $K$-theory of fields and rings of integers; $K$-theory of elliptic and modular curves; theory of motives, motivic cohomology, Beilinson conjectures; and, algebraic $K$-theory of topological spaces, topological Hochschild homology and cyclic homology. With contributions by some leading experts in the field, this book provides a look at the state of current research in algebraic $K$-theory.