The idea of a workshop devoted to the static and dynamic properties of liquids arose from two smaller meetings on the same topic held at the Interfaculty Reactor Institute, Delft, The Netherlands in 1985 and 1987, and from the LAM conference (International Conference on Liquid and Amorphous Metals) held at Garmisch Partenkirchen, FRG, in 1986. The object of the Workshop was to bring together experimentalists, theoreticians and people working on computer simulations in or der to learn about developments in the microscopic behaviour of liquids. Approx imately 35 scientists from Austria, France, Israel, Italy, Sweden, The Netherlands, the United Kingdom, the Federal Republic of Germany and Yugoslavia gathered at the Hotel "Libertas", Dubrovnik, in Yugoslavia, June 27-30, 1988 to hear ten in vited talks and nineteen contributed papers on a wide range of subjects, including generalized hydrodynamics, mode coupling theory, liquids at surfaces, extraction of effective potentials, and the glass transition. The most numerous were the papers dealing with computer simulation, and then those on supercooled liquids and the glass transition. The number of experimental results was relatively small, which points to difficulties in this kind of research (evaluation of experimental data). The workshop closed with an expanded round-table discussion of the main themes of the meeting, with an emphasis on the likely trend of investigations in the future. This discussion is summarized at the end of this volume.