Abstract.We obtain full description of eigenvalues and eigenvectors of composition operators Cϕ : A (R) → A (R) for a real analytic self map ϕ : R → R as well as an isomorphic description of corresponding eigenspaces. We completely characterize those ϕ for which Abel's equation f • ϕ = f + 1 has a real analytic solution on the real line. We find cases when the operator Cϕ has roots using a constructed embedding of ϕ into the so-called real analytic iteration semigroups.Mathematics Subject Classification. Primary 47B33, 46E10, 39B12; Secondary 47A15, 47A75, 39B22, 30D05.