This volume, the fifth in a popular series, features papers related to the development and utilization of materials with novel electrical, optical or magnetic properties. The field has experienced tremendous growth in the past years, and this volume provides a forum for materials scientists, chemists, physicists and engineers to assess the progress. In particular, light-emitting materials for displays are showing great promise for widespread commercialization. Developments in molecular engineering and self assembly, as well as in conducting polymers, are enabling better performance and greater scientific understanding of the phenomena underlying these advances. Improvements in electro-optic, photorefractive and two-photon absorbing materials are also being realized and are addressed here.