Optical/infrared photometry can double the number of proper-motion mea
surements of massive compact objects (MACHOs) relative to single-band
photometry. The proper motion of a MACHO can be measured by finding th
e ratio q of the (known) radius of the source star to the Einstein rad
ius of the MACHO q = theta(s)/theta(e). A classic method for doing thi
s is to look for the effect on the light curve of the finite size of t
he source. A modification of this method proposed by Witt is to look f
or color changes in the light curve due to the fact that the limb dark
ening of the source is different in different bands. We demonstrate th
at the ''classical'' method is not feasible unless the MACHO actually
transits the source: if the MACHO passes at, say, 1.5 source radii, th
ere is still a sizable similar to 5% effect, but the light curve canno
t be distinguished from point-source light curves with different param
eters. However, color measurements in V (0.55 mu m) and H (1.65 mu m)
reduce the errors by a factor similar to 120 and permit proper-motion
measurements at impact parameters of up to 2 source radii. Color maps
in V - H are also useful in the detection of planetary systems. Giant
stars have a ''red ring'' in such maps. A planet which transits this r
ing gives rise to a distinctive signature which can help in the measur
ement of the planetary system's proper motion.