Monotone approximation relative to peak norms is studied both on an in
terval and in the discrete case. Existence and some structure results
are obtained which demonstrate that peak norm approximation has simila
r properties to L(1) approximation. In particular, sup's and inf's of
best approximants are best approximants (in the discrete case) and a h
alf-above, half-below property is demonstrated. (C) 1997 Academic Pres
s