Abstract
In order to interpret measurements made with local helioseismology it is crucial to understand the sensitivity of these measurements to different types of perturbations to a solar model. Local helioseismic measurements are sensitive not only to subsurface mass flows, sound-speed variations, and magnetic field, but also to local changes in the wave damping and excitation rates. I will show example calculations of the sensitivity of travel-times measured by time-distance helioseismology and phase shifts measured by acoustic holography to flows, sound speed perturbations, and local changes in the wave excitation and damping rates.