For molecular electronics, Boltzmann's equation is no longer valid for simulating device characteristics. We resent the first fully ab initio simulation of a molecular device that has already been studied ex erimentally, namely a benzene-1,4-dithiolate molecule between gold electrodes. The theoretical I-V curve has the same overall sha e as the ex erimental curve —reflecting the electronic structure of the molecule in the resence of the electric field — but the absolute value of the current is very sensitive to contact chemistry and geometry. In articular the resence ol a single gold atom between the molecule and the electrode surface reduces the conductance by more than an order of magnitude. Re lacement of the single gold atom by an aluminum atom, whose p orbitals cou le more effectively to the molecule's T orbitals, increases the conductance by about an order of magnitude. We have also studied the olarization effects induced by a third terminal (gate) on the I-V characteristics of the above device. In articular, we have found that current gain due to the gate bias can be achieved at reasonable gate fields. Finally the effect of current-induced forces on the device will be discussed.