Cool Stars 14 - Submitted Abstract # 131 This version created on 05 October 2006 Detecting Transiting Planets and Low-Mass Eclipsing Binaries with Pan-STARRS-1 Trent J. Dupuy, Institute for Astronomy - Univ. of Hawai`i Michael C. Liu, Institute for Astronomy - Univ. of Hawai`i There is a class of eclipsing systems for which the optimal search mode is a survey where the transit is observed infrequently compared to the total number of observations: very deep eclipsing systems. The upcoming Pan-STARRS 3-Pi Survey will image 75% of the whole sky in the optical 60 times over 3 years, opening the door to detection of these valuable, but rare, events without being limited by the poorly sampled light curves it will generate. Furthermore, the 3-Pi Survey will produce parallax measurements of all stars out to ~100 pc, which is a major advantage to a transit search because a volume-limited sample contains fewer contaminating variable sources than a flux-limited sample. Since low-mass stars dominate a volume-limited sample, two important classes of deep-eclipsing systems detectable by the 3-Pi Survey are: transiting planet- to substellar-mass companions of M dwarfs (~10% flux dip); and substellar eclipsing binaries in which both components are the same size by virtue of the flat substellar mass-radius relation (~50-100% dip in the optical). We present results from a simulation of the 3-Pi Survey in which we find that the most likely hosts of detectable planetary transits are M dwarfs, and we discuss sources of false positives due to largely unknown M dwarf variability. We also present results of the low-mass eclipsing binary yield of the Pan-STARRS 3-Pi Survey, which is expected to be the other major source of false positives when searching for planetary transit candidates. ----------------------------------