Book excerpt: In an attempt to meet the demand for new ultra-high strength materials, the processing of novel material configurations with unique microstructure is being explored in systems which are further and further from equilibrium. One such class of emerging materials is the so-called nanophased or nanostructured materials. This class of materials includes metals and alloys, ceramics, and polymers characterized by controlled ultra-fine microstructural features in the form oflayered, fibrous, or phase and grain distribution. While it is clear that these materials are in an early stage of development, there is now a sufficient body of literature to fuel discussion of how the mechanical properties and deformation behavior can be controlled through control of the microstructure. This NATO-Advanced Study Institute was convened in order to assess our current state of knowledge in the field of mechanical properties and deformation behavior in materials with ultra fine microstructure, to identify opportunities and needs for further research, and to identify the potential for technological applications. The Institute was the first international scientific meeting devoted to a discussion on the mechanical properties and deformation behavior of materials having grain sizes down to a few nanometers. Included in these discussions were the topics of superplasticity, tribology, and the supermodulus effect. Lectures were also presented which covered a variety of other themes including synthesis, characterization, thermodynamic stability, and general physical properties.