G93’s data. The resulting age-Z pair, 8.5 Gyr and $-0.25$ dex, agrees perfectly with the color of the giant-branch stars in the CM diagram. This indicates a degree of consistency in the Worthey models but does not independently establish the age. Ages could be inferred from very deep observations of main sequence turnoff stars, but crowding precludes this in M32 inside about 3 arcmin, even with [*HST*]{}. Since upper giant-branch tracks are degenerate in age and Z much like integrated colors and metallic lines, it is not possible to derive an age from the upper CM diagram alone. Aside from verifying the red clump assumption of the Worthey models (in itself an important contribution), the new CM diagram has little to say about age.

Nonetheless, the new observations represent an enormous gain over previous ground-based efforts in our ability to probe the stellar population of M32. They offer another tantalizing glimpse of how this so very interesting galaxy may have formed, and point the way for future work.

Observations. \[sec:obs\] 
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Images of M32 were taken on October 22, 1994, with WFPC2. Two fields were imaged, one of M32 (POS1) and the other of a “background" field (POS2) to determine 