This paper discusses the conceptualization, measurement, and interpretation of centrality in affiliation networks. Although centrality is a well-studied topic in social network analysis, and is one of the most widely used properties for studying affiliation networks, virtually all discussions of centrality and centralization have concerned themselves with one-mode networks. Bonacich's work on simultaneous group and individual centralities is a notable exception (Social Networks, 1991, 13, 155-168). I begin by outlining the distinctive features of affiliation networks and describe four motivations for centrality indices in affiliation networks. I then consider properties of some existing centrality indices for affiliation networks, including the relationship between centralities for actors and events in these networks, and present a new conceptualization of centrality that builds on the formal properties of affiliation networks and captures important theoretical insights about the positions of actors and events in these networks. These centralities are then illustrated on Galaskiewicz's data on club and board memberships of a sample of corporate executive officers (Social Organization of an Urban Grants Economy. New York: Academic Press, 1985). The conclusion to this paper discusses strengths and weaknesses of centrality indices when applied to affiliation networks. (C) 1997 Elsevier Science B.V.