Broad-band (UBV) and narrow-band (RI) (102, 65, 62) photometry of 500 M dwarfs is discussed. The sample contains about 90 per cent of the stars brighter than visual magnitude 10 found in the McCormick (Vyssotsky) discovery lists, as well as 10 per cent of the fainter stars and an additional 100 stars not included in these lists but for which radial velocities and proper motions are known. The (Mv, R - I) and M(102), (102, 65) relations for all populations show little dispersion for the stars with color temperature greater than about 4000 K. These relations for the young disk population show little dispersion over the whole temperature range observed, but the meager data available for the halo population indicates that those cooler than about 4000 are displaced more than a magnitude below these relations. The majority of the old disk-population stars lie on the color-luminosity relations of the young disk population, but some representatives are displaced below these relations by amounts that range up to those found for the halo-population stars. An obvious expanation for these displacements is that they are caused by an effect of the chemical composition on the stellar opacities, and this effect is temperature-dependent. The agreement in the (Mv, R - I) relations for eight Hyades cluster dwarfs and for stars with parallaxes greater than 0'.'125 leaves little room for the speculation that the cluster parallax is seriously in error. The TiO bands in the dwarfs have similar strength to those in the giants to color temperatures near 3800 K, but for cooler stars they block approximately 20 per cent more radiation at a given temperature. A few stars, including members of the halo population, show large displacements below the normal (102, 65), (65, 62) relation, but the explanation may be other than the obvious one of larger than normal TiO absorption. Space motions of all 500 stars are discussed with reference to moving groups and to the presence of hydrogen emission. The stars are almost evenly divided between young and old disk populations and include, at most, a dozen members of the halo population.
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