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This volume contains the papers presented at the 26th Jerusalem Symposium. The topic of this meeting was reaction dynamics in clusters and condensed phases, which is of central interest in areas of chemical dynamics, kinetics, photochemistry and condensed matter chemical physics. The main theme of the conference was the interrelationship between the dynamics in large finite clusters and in infinite bulk systems. Issues addressed include microscopic and macroscopic solvation phenomena, cluster and bulk spectroscopy, photodissociation and vibrational predissociation, cage effects, interphase dynamics, reaction and energy transfer in clusters, dense fluids, liquids, solids and biophysical systems.