Abstract: | Genus zero Willmore surfaces immersed in the three-sphere correspond via the stereographic projection to minimal surfaces in Euclidean three-space with finite total curvature and embedded planar ends. The critical values of the Willmore functional are , where , with . When the ambient space is the four-sphere , the regular homotopy class of immersions of the two-sphere is determined by the self-intersection number ; here we shall prove that the possible critical values are , where . Moreover, if , the corresponding immersion, or its antipodal, is obtained, via the twistor Penrose fibration , from a rational curve in and, if , via stereographic projection, from a minimal surface in with finite total curvature and embedded planar ends. An immersion lies in both families when the rational curve is contained in some or (equivalently) when the minimal surface of is complex with respect to a suitable complex structure of . |