The Workshop on Stochastic Theory and Control, sponsored by the NSF and KU, with co-technical sponsorship of the CSS, was held on October 18-20, 2001 at the University of Kansas in Lawrence, Kansas. A group of leading scholars in the field of stochastic theory and control, gathered at this event to discuss leading-edge topics of stochastic control, which includes risk sensitive control, adaptive control, mathematics of finance, estimation, identification, optimal control, nonlinear filtering, stochastic differential equations, stochastic partial differential equations, and stochastic theory and its applications. The workshop provided an opportunity for all of stochastic control researchers to network and discuss cutting-edge technologies and applications, teaching, and future directions of stochastic control.