The recent theoretical progress in the description of semileptonic decays in
the framework of the heavy mass expansion is summarized. Both inclusive and
exclusive decays are considered.Comment: Contribution to the XXIXth Rencontres de Moriond (Electroweak
Interactions and Unified Theories}, Meribel, France, March 12-19, 1994,
LaTeX, 10 pages, two figues appended after \end{document} as uu-encoded and
compressed .eps files, uses epsf., CERN-TH.7264/9