This report contains abstracts of the papers presented at the conference. Papers cover multigrid algorithms and applications of multigrid methods. Applications include the following: solution of elliptical problems; electric power grids; fluid mechanics; atmospheric data assimilation; thermocapillary effects on weld pool shape; boundary-value problems; prediction of hurricane tracks; modeling multi-dimensional combustion and detailed chemistry; black-oil reservoir simulation; image processing; and others.

This text gives the proceedings for the fifth conference on parallel processing for scientific computing.