to stimulate and contribute to literary study, which are both considered crucial elements of Argentina's national culture. The academy also oversees national literary prizes. Since 1984 it has given out an award to university graduates who majored in literature and achieved the highest grade point average in all of the country's universities, as well as a prize for prominent authors of prose, poetry, and essays. "Jorge Luis Borges" Library The academy's library, now named for the Argentine writer Jorge Luis Borges, was inaugurated in 1932. It was based out of the National Library from 1932 to 1946, and in 1947 it moved to its current site at the Palacio Errázuriz in Buenos Aires. Thanks to a bequest from Juan José García Velloso, in 1936 the library gained 3,000 books of Latin American literature and theater. The collection of Alberto Cosito Muñoz, acquired in 1937, and issues of the Revue Hispanique and of publications of the Society of Spanish Bibliophiles supplemented the initial collection. Standouts of the library's holdings include Abraham Rosenvasser's Egyptology collection and Miguel Lermon's large collection of 19th century first editions. The collection specializes in works on linguistics and Argentine, Spanish, and Latin American literature, and it is one of the most important in Argentina. The library of the Academia Argentina de Letras has inherited the important personal collections of: Juan José and Enrique García Velloso (3,341 volumes), Rafael Alberto Arrieta (4,000 vol.), Alfredo de la Guardia (3,000 vol.), Abraham Rosenvasser (2,400 vol.), Celina Sabor de Cortazar (1,000 vol.), Ofelia Kovacci (2,000 vol.), Marietta Ayerza and Alfredo González Garaño (4,000 vol.), José Luis Trenti Rocamora (23,000 vol.), Miguel Lermon (12,000 vol.), Juan Manuel Corcuera (2,400 vol.), and Manuel Gálvez (1,685 vol.). Today, the library holds almost 130,000 volumes, as well as an important periodicals archive with examples of 3,000 publications that add up to around 16,000 volumes, forming a valuable research center. It also holds 2,000 antique books published between 1515 and 1801. The library also holds four significant collections of correspondence: those of Manuel Gálvez, Roberto Giusti, Atilio Chiáppori, and Victoria Ocampo. The first three are available to read in full at the library. The library has also made available via the Miguel de Cervantes Virtual Library its collection of Gaucho literature, its collection of travel literature related to the region, and a set of historic documents gathered by Pedro de Angelis. Department of Philological Research The