These conference proceedings include two invited lectures, three working group reports, three topic group reports, two Ad Hoc group reports, a round table report, a list of participants, and a list of previous proceedings. The invited lectures were: "Values in Mathematics Education" (Ubiratan D'Ambrosio) and "Remarks on Understanding in Mathematics" (Anna Sierpinska). The topics of the working group reports were: (1) Fractal Geometry and Chaos for High Schools (Ron Lewis and Brian Kaye); (2) The NCTM Standards and the Canadian Reality (Tom Kieren and George Gadanidis); and (3) A Cognitive Matrix Describing the Understanding of Early Multiplication (Nicolas Herscovics, Jacques Bergeron, Candice Beattys, and Nicole Nantais). The topic groups dealt with: the evaluation of student achievement in the Toronto Board of Education Benchmarks Programme, experiences using the computer software "Maple" (Joel Hillel, Lesley Lee, Robert Benjamin, Pat Lytle, and Helena Osana), and the Simon Fraser joint master's program for mathematics and education (Harvey Gerber). The ad hoc groups reported on the development of student understanding of functions (Steve Monk) and fractalicious structures and probable events (Brian Kaye). The Round Table report on the future of mathematical curricula in light of technical advances was moderated by Bernard Hodgson and Eric Muller, and featured panelists Harold Brochmann, Sandy Dawson, Gary Flewelling, and Israel Weinzweig. Appended are lists of proceedings participants and of previous proceedings available through the Educational Resources Information Center (ERIC). (MDH)