AbstractThis volume contains the proceedings of the First International Workshop on Probabilistic Methods in Verification (PROBMIV′98) held 19-20 June 1998 in Indianapolis, Indiana, USA, as a satellite event to the Thirteenth International IEEE Symposium on Logic in Computer Science (LICS′98).Probabilistic reasoning and modelling inherently features in the design processes for software and hardware systems, either as a means to derive efficient solutions (e.g. randomisation), or as a result of unreliable or unpredictable behaviour (e.g. in fault-tolerant systems, computer networks, etc.). Probabilistic verificationencompasses a range of theoretical, algorithmic and programming methods that assist in establishing the correctness of probabili...