Although the Planck Surveyor mission is optimized to map the cosmic microwave background anisotropies, it will also provide extremely valuable information on astrophysical phenomena. We review our present understanding of Galactic and extragalactic foregrounds relevant to the mission and discuss on one side, Planck’s impact on the study of their properties and, on the other side, to what extent foreground contamination may affect Planck’s ability to accurately determine cosmological parameters. Planck’s multifrequency surveys will be unique in their coverage of large areas of the sky (actually, of the full sky); this will extend by two or more orders of magnitude the flux density interval over which mm/sub-mm counts of extragalactic sources can be determined by instruments already available (like SCUBA) or planned for the next decade (like the LSA-MMA or the space mission FIRST), which go much deeper but over very limited areas. Planck will thus provide essential complementary information on the epoch-dependent luminosity functions. Bright radio sources will be studied over a poorly explored frequency range where spectral signatures, essential to understand the physical processes that are going on, show up. The Sunyaev-Zeldovich effect, with its extremely rich information content, will be observed in the direction of a large number of rich clusters of Galaxies. Thanks again to its all sky coverage, Planck will provide unique information on the structure and on the emission properties of the interstellar medium in the Galaxy. At the same time, the foregrounds are unlikely to substantially limit Planck’s ability to measure the cosmological signals. Even measurements of polarization of the primordial Cosmic Microwave background fluctuations appear to be feasible. ©1999 American Institute of Physics.