The purpose of the conference was to present unclassified results of Air Force internal and contractual research and development programs in the broad field of aerospace fluids and lubricants, as well as selected applicable topics from other government agencies and industry. Sessions included gas turbine lubricants, solid-film lubricants, aerospace lubricants, greases and advanced base stocks; liquid metal lubrication, gas bearings, aerospace bearings, and bearing fatigue; liquid metals, heat transfer and hydraulic fluids. Fifty-eight technical papers are presented. These papers range in scope from broad flight lubrication requirements to where fluid samples should be sent for evaluation, and from operational problems of MIL-L-7808 to the synthesis of triphenyltriazine and to fractional frequency whirl of gas bearings. The proceedings attempt to provide the current state-of-the-art work in the above areas since the last conference in November 1960. The papers point out that although advanced fluid and lubricant materials have progressed considerably, there is still a substantial gap between requirements and available products. As a result lubrication techniques as gas bearings, liquid metal bearings and magnetic bearings are taking on increased importance and endeavors. (Author).