We consider the parametric minimum spanning treeproblem, in which we are given a graph with edge weights that are linear functions of a parameter * and wish tocompute the sequence of minimum spanning trees generated as * varies. We also consider the kinetic minimumspanning tree problem, in which * represents time and the graph is subject in addition to changes such as edge insertions, deletions, and modifications of the weight functions as time progresses. We solve both problems in time O(n2=3 log4=3 n) per combinatorial change in the tree (or randomized O(n2=3 log n) per change). Our time bounds reduce to O(n1=2 log3=2 n) per change (O(n1=2 log n) ran-domized) for planar graphs or other minor-closed families of graphs, and O(n1=4 log3=2 n) per change (O(n1=4 log n) randomized) for planar graphs with weight changes but no insertions or deletions.