Let $X$ be a compact metric space. Recall that the ultralimit along an ultrafilter $\U$ of a set of subsets $Y_i (= X$ is $\lim_{i --> \U} Y_i = \{ \lim_{i --> \U} y_i | y_i (- Y_i \}$; equivalently, $x (- \lim_{i --> \U} Y_i$ iff for every neighbourhood $U -) x$, $\{ i | U \cap Y_i /= {} \} (- \U$. Now suppose each $Y_i$ So from the point of view of metric logic, $\S'$ viewed as a direct limit of its bounded subsets is rather uninteresting, being analogous to a directed system of finite structures. Nonetheless, we consider it this way, giving us a notion of ultraproduct and a corresponding Łos theorem. In fact we will apply this only to structures which can be embedded as subspaces of $\S'$, for which the ultraproduct becomes the topological ultralimit within $\S'$: Lemma: Let $X$ be a compact metric space, and let $Y_i$ be subspaces. Consider $X$ and $Y_i$ as metric structures with no structure other than the metric. Then the map $\Pi_{i -> \U} y_i |-> \lim_{i -> \U} y_i$, the latter limit being well-defined since $X$ is compact Hausdorff, yields an isomorphism between the continuous ultraproduct $\Pi_{i -> \U} Y_i$ and the topological ultralimit $\lim_{i -> \U} Y_i$ within $X$. Moreover, if the $Y_i$ are equipped with continuous relations $R^{Y_i} : Y_i^n --> \R$ with a common uniform continuity modulus, then $R$ is interpreted in the ultraproduct as $R^X(\lim_{i -> \U} y_i) = \lim_{i -> \U} R^{Y_i}(y_i)$. Similarly, if the $Y_i$ are equipped with continuous functions $f^{Y_i} : Y_i^n --> Y_i^m$ with a common uniform continuity modulus, then $f^X(\lim_{i -> \U} y_i) = \lim_{i -> \U} f^{Y_i}(y_i)$. In particular, any ultrapower of $X$ is isomorphic to $X$. Proof: Immediate from definitions. --- We apply this to functions by considering their graphs. If $f$ is interpreted on $Y_i$ as a partial function $Y_i^n --> Y_i^m$, say it is _provably bounded_ if for every $B (- \B$ there exists $B' (- \B$ such that $f^{Y_i}(B) (= B'$ holds $\U$-often. Then $\lim_{i-->\U} f^{Y_i} y_i$ exists when $y_i (- \dom(f^{Y_i})$. So define $f^X(\lim_{i --> \U}) := \lim_{i-->\U} f^{Y_i} y_i$ if this is well-defined for $y_i (- \dom(f^{Y_i})$. ---