The graph of a complex m-by-n matrix A is the range of [I A(T)](T) in
C-m+n. We find explicit formulae for the distance between the graphs o
f two m-by-n matrices with respect to two classes of metrics on the se
t of subspaces of C-m+n. The singular values of the contraction g(A, B
) = (I+AA)(-1/2)(I+A*B)(I+B*B)(-1/2) play a key role. We study transf
ormations that preserve various distances between graphs, and we give
some inequalities between different distance functions.