Abstract.We have investigated the optical and transport properties of MBE grown shortperiod superlattices of InAs/GaAs with different numbers of periods (3 ≤ N ≤ 24) and a total thickness 14 nm. Bandstructure calculations show that these superlattices r epresent a quantum well with average composition In 0.16 Ga 0.84 As. The electron wave functions are only slightly modulated by the superlattice potential as compared to a single quantum well with the same composition, which was grown as a reference sample. The photoluminescence, the resistance, the Shubnikov-de Haas effect and the Hall effect have been measured as a function of the InAs layer thickness Q in the range 0.33 ≤ Q ≤ 2.7 monolayers (ML). The electron densities range from 6.8 to 11.5x10 11 cm -2 for Q ≤ 2.0 ML. The photoluminescence and magnetotransport data show that only one subband is occupied. When Q ≥ 2.7 ML quantum dots are formed and the metallic type of conductivity changes to variable range hopping conductivity.