The problem of finding good preconditioners for the numerical solution of i
ndefinite linear systems is considered. Special emphasis is put on precondi
tioners that have a 2 x 2 block structure and that incorporate the (1, 2) a
nd (2, 1) blocks of the original matrix. Results concerning the spectrum an
d form of the eigenvectors of the preconditioned matrix and its minimum pol
ynomial are given. The consequences of these results are considered for a v
ariety of Krylov subspace methods. Numerical experiments validate these con
clusions.