Overview: In connection with arranging IAU Symposium No. 50 on ‘Spectral Classification and Multicolour Photometry‘, sponsored by Commissions 45 and 25, it was decided to exclude all calibration problems. Instead it was agreed that we should attempt to arrange a separate symposium, dealing with the fundamental problems of the cali bration of absolute magnitudes and temperatures of stars. The Executive Committee of the IAU accepted our proposal, and IAU Symposium No. 54 was held in Geneva on September 12-15, 1972, sponsored by thefollowing IAU Commissions: 24, 25, 29, 33, 35, 37,44 and 45. It
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