Leading academic and industrial researchers working with adaptive systems and signal processing have been given the opportunity to exchange ideas, concepts and solutions at the IFAC Symposia on Adaptive Systems in Control and Signal Processing. This postprint volume contains all those papers which were presented at the 5th IFAC Symposium in Budapest in 1995. The technical program was composed of a number of invited and contributed sessions and a special case study session, providing a good balance between applications and theory oriented papers.