The purpose of this article is to give some applications of a recent theorem by Alexander-Wermer and Slodkowski on the structure of certain polynomial hulls. We want to show that this theorem gives a useful method of constructing analytic functions with prescribed proper-ties in the disc. In particular it yields a rather easy proof of the Corona Theorem for two generators, and also implies Wolff's Theorem on the d-equation. 1. Background on hulls and analytic multifunctions. We begin by formulating the theorem on polynomial hulls proved by Alexander and Wermer ([1]), and independently by Slodkowski [16]. In what follows, Δ denotes the open unit disc { λ e C: | λ | < l} , and T denotes the unit circle THEOREM 1.1. Let X be a compact...