Let be an algebra over a field of characteristic zero, let $\d_1,
…, \d_s\in \Der_K(A)K\d_i(x_j)=\d_{ij}$, the Kronecker delta, for some elements . A set of algebra generators for the algebra is found {\em explicitly} and a set of {\em defining relations} for the algebra is described. Similarly, given a set of {\em commuting} -automorphisms of the algebra such that the maps are {\em locally nilpotent} and , for some elements . A set of algebra generators for the algebra $A^\s:={a\in A | \s_1(a)=… =\s_s(a)=a}$ is found {\em explicitly} and a set of defining relations for the algebra is described. In general, even for a {\em finitely generated noncommutative} algebra the algebras of invariants and are {\em not} finitely generated, {\em not} (left or right) Noetherian and {\em does not} satisfy finitely many defining relations (see examples). Though, for a {\em finitely generated commutative} algebra {\em always} the {\em opposite} is true. The derivations (or automorphisms) just described appear often in may different situations after (possibly) a localization of the algebra .

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