The papers collected in this volume concern five different aspects of the role of the lexicon in the theory of Functional Grammar as developed by Simon C. Dik and his co-workers. The volume starts off with a practical introduction to the Functional - Lexematic Model and model applications to English, German and Spanish are presented. The second part of the volume deals with the derivation of action-nouns, pseudo-reflexive verbs and causative constructions, thus offering new perspectives on predicate formation within Functional Grammar. This is followed by a section that centers around an important problem related to valency: the question of how to account for the collocational properties of predicates. The fourth part of the book discusses (non-prototypical) transitive verbs and their relation to the typology of states of affairs. The final section focuses on the relationship between the lexicon and the underlying structure of the clause.