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The International Association of Volcanology and Chemistry of the Earth' Interior's (IAVCEI) Executive Committee has received a number of proposals to establish IAVCEI awards and prizes in memory of nine colleagues who have died recently, each of whom notably advanced IAVCEI's aims and objectives.

The committee acknowledged the appropriateness of such recognition, but was concerned that any proliferation of IAVCEI awards/prizes ultimately diminishes their honor and prestige. The committee therefore decided at meetings during the 1993 IAVCEI General Assembly in Canberra, Australia, to establish an IAVCEI Memorial Fund.