This volume, the 7th volume in the DRUMS Handbook series, is part of the aftermath of the successful ESPRIT project DRUMS (Defeasible Reasoning and Uncertainty Management Systems) which took place in two stages from 1989- 1996. In the second stage (1993-1996) a work package was introduced devoted to the topics Reasoning and Dynamics, covering both the topics of "Dynamics of Reasoning", where reasoning is viewed as a process, and "Reasoning about Dynamics", which must be understood as pertaining to how both designers of and agents within dynamic systems may reason about these systems. The present volume presents work done in this context extended with some work done by outstanding researchers outside the project on related issues. While the previous volume in this series had its focus on the dynamics of reasoning pro cesses, the present volume is more focused on "reasoning about dynamics', viz. how (human and artificial) agents reason about (systems in) dynamic environments in order to control them. In particular we consider modelling frameworks and generic agent models for modelling these dynamic systems and formal approaches to these systems such as logics for agents and formal means to reason about agent based and compositional systems, and action & change more in general. We take this opportunity to mention that we have very pleasant recollections of the project, with its lively workshops and other meetings, with the many sites and researchers involved, both within and outside our own work package.