EXISTENCE OF HERMAN RINGS FOR MEROMORPHIC FUNCTIONS Nuria Fagella and Patricia Dominguez Departament de Matematica aplicada i Analisi Universitat de Barcelona Gran Via 585 08005 Barcelona Spain e-mail: fagella@maia.ub.es, patricia@maia.ub.es ABSTRACT: We apply the Shishikura surgery construction to transcendental maps in order to obtain examples of meromorphic functions with Herman rings, in a variety of possible arrangements. We give a sharp bound on the maximum possible number of such rings that a meromorphic function may have, in terms of the number of poles. Finally we discuss the possibility of having ``unbounded'' Herman rings (i.e., with an essential singularity in the boundary), and give some examples of maps with this property.