Understanding of the planetary interiors depends upon our knowledge of the equations of state and of the transport properties of matter at high pressures and temperatures. The present status of this knowledge in relation to hydrogen and helium is discussed in detail including electrical and thermal conductivity, viscosity, diffusivity, etc. On this basis the various possible models of the internal structure of Jupiter and of Saturn are presented and their agreement with observational constraints such as the multipole gravitational coefficients analyzed. Relevance of planetary magnetic fields, basic atmospheric information and the Great Red Spot of Jupiter to the models of the interiors are discussed.