Let F be a meromorphic function in the complex plane. We investigate the be
haviour of the iterates of F in a Baker domain B. In particular, we describ
e the dynamics of the orbits with the help of conformal conjugacies; that i
s, we determine a function yl which is univalent in a large simply connecte
d subdomain of B such that phi(F(z)) = T(phi(z)) holds throughout B. Here T
is either a parabolic or hyperbolic Mobius transformation mapping either a
half plane or C onto itself. This functional equation is always solvable i
n a Baker domain if F has only finitely many poles. Moreover, there is an e
xample of a function with infinitely many poles where one cannot find an ap
propriate conformal conjugacy in an invariant Baker domain.