Did you see this site, it explains it pretty well. -
monitors -
http://www.normankoren.com/makingfineprints1A.html
printers-
http://www.normankoren.com/printer_calibration.html
right now I use the automatic adjustment settings on the monitor and then adjust it to my preference with my nvidia video card software program.
I also use clear type tuning for font adjustment/clarity.