We present theoretical models for the evolution of T Tauri stars surrounded
by circumstellar discs. The models include the effects of pre-main-sequenc
e stellar and time-dependent disc evolution, and incorporate the effects of
stellar magnetic fields acting on the inner disc. For single stars, consis
tency with observations in Taurus-Auriga demands that disc dispersal occurs
rapidly, on much less than the viscous time-scale of the disc, at roughly
the epoch when heating by stellar radiation first dominates over internal v
iscous dissipation. Applying the models to close binaries, we find that bec
ause the initial conditions for discs in binaries are uncertain, studies of
extreme mass ratio systems are required to provide a stringent test of the
oretical disc evolution models. We also note that no correlation of the inf
rared colours of T Tauri stars with their rotation rate is observed, in app
arent contradiction to the predictions of simple magnetospheric accretion m
odels.