This workshop on shastic theory and adaptive control assembled many of the leading researchers on shastic control and shastic adaptive control to increase scientific exchange and cooperative research between these two subfields of shastic analysis. The papers included in the proceedings include survey and research. They describe both theoretical results and applications of adaptive control. There are theoretical results in identification, filtering, control, adaptive control and various other related topics. Some applications to manufacturing systems, queues, networks, medicine and other topics are gien.