The International Workshop on Polarized Beams and Polarized Gas Targets was held in Cologne, Germany from June 6 to 9, 1995 as the last in a series held at 2-3 years intervals. It was attended by about 110 scientists; there were 47 invited and contributed talks, 5 round-table discussions and 17 poster contributions, all of which will appear as a written contribution in the Proceedings. The main subjects were Optically-Pumped Polarized Targets, Polarized Electron Sources, Atomic-Beam Polarized-Ion Sources, Optically-Pumped Polarized Ion Sources, Targets and Storage Rings. Significant progress and latest developments in this field were covered as well as future developments both from the technical, but also from the physics aspects.