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ISTCS '92, the Israel Symposium on the Theory of Computingand Systems, cameabout spontaneously as a result ofinformal interaction between a group of people who viewedthe conference as an appropriate expression of Israelistrength in theoretical aspects of computing and systems.The enthusiasm that the symposium created resulted in thesubmission of a large number of extremely high qualitypapers, which led in turn to strict acceptance criteria.This volume contains nineteen selected papers representingthe cream of Israeli talent in the field, on a variety ofactive and interesting topics in the theory of computing andsystems.