GENERALIZED SUBSPACE CORRECTION METHODS Petter Kolm Computational Mathematics and Mechanics, Royal Institute of Technology, S-100 44 Stockholm, Sweden kolm@nada.kth.se Peter Arbenz Institut f\"ur Wissenschaftliches Rechnen, Eidgen\"ossische Technische Hochschule, CH-8092 Z\"urich, Switzerland arbenz@inf.ethz.ch Walter Gander Institut f\"ur Wissenschaftliches Rechnen, Eidgen\"ossische Technische Hochschule, CH-8092 Z\"urich, Switzerland gander@inf.ethz.ch Iterative methods for the solution of linear systems on parallel computer architectures are presented. Two fundamentally different iteration schemes evolve from the theory of subspace correction: the {\em generalized parallel subspace correction} (*PSC) and the {\em generalized successive subspace correction} (*SSC). The natural parallelism of the *PSC is used to construct several overlapping block stationary iterative methods. Convergence is proved for a class of these algorithms. Numerical experiments on a 96 node Intel Paragon XP/S5+ show that these methods have potential as scalable preconditioners on distributed memory systems.