The Channels Receptors & Transporters Subgroup (formerly The Membrane Biophysics Subgroup) promotes the exchange of ideas and information pertaining to the study of biological membranes. Subgroup members pursue research in a variety of areas including the structure, function and regulation of channels and transporters, ligand-receptor interactions, signal transduction mechanisms, protein trafficking and secretory mechanisms. Each year the Subgroup sponsors a symposium highlighting an area of membrane biophysics. The symposium is followed by a dinner at which the K.S. Cole Award in Membrane Biophysics is presented to a person who is deemed to have made seminal contributions to the field, followed by a short address by the recipient. Membership in the Subgroup is open to all members of the Biophysical Society.