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A function is invertible in C(X) if it is never zero, and in C*(X) if it is bounded away from zero. In an arbitrary A(X), of course, there is no such description of invertibility which is independent of the structure of the algebra. Thus in §2 we associate to each noninvertible f∈A(X) a z-filter (f ) that is a measure of where f is ``locally'' invertible in A(X). This correspondence extends to one between maximal ideals of A(X) and z-ultrafilters on X. In §3 we use the filters (f ) to describe the intersection of the free maximal ideals in any algebra A(X). Finally, our main result allows us to introduce the notion of A(X)-compactness of which compactness and realcompactness are special cases. In §4 we show how the Banach-Stone theorem extends to A(X)-compact spaces.