I discuss the theoretical uncertainties in the extraction of ∣Vcb∣
from semilep\-to\-nic decays of B mesons, taking into account the most recent
theoretical developments. The main sources of uncertainty are identified both
for the exclusive decay mode B→D∗ℓνˉ and for the inclusive
channel B→Xℓνˉ. From an analysis of the available experimental
data, I obtain ∣Vcb∣excl=0.041±0.003exp±0.002th from the exclusive mode, and ∣Vcb∣incl=0.040±0.001exp±0.005th from the inclusive mode. I also give a prediction for
the slope of the form factor F(w) at zero recoil, which is
ϱ2=0.8±0.3.Comment: Proceedings of 1995 Moriond Conference on Electroweak Interactions
and Unified Theories, 11 pages, 3 figures available as uu-encoded postscript
file