We discuss relations of Vafa's quantum cohomology with Floer's homolog
y theory, introduce equivariant quantum cohomology, formulate some con
jectures about its general properties and, on the basis of these conje
ctures, compute quantum cohomology algebras of the flag manifolds. The
answer turns out to coincide with the algebra of regular functions on
an invariant lagrangian variety of a Toda lattice.