LOS ANGELES - The American Film Institute has named The Lord of the Rings: The Fellowship of the Ring as best picture of the year - a good omen for the Oscars in March.
Elijah Wood, who played Frodo the Hobbit, attended the three-hour ceremony in Los Angeles, screened nationally by CBS, but few other of the major nominees joined him.
Awards for Peter Jackson's New Zealand-made film also went to Jim Rygiel (best digital artist) and Grant Major (best production designer).
Robert Shaye, executive producer of The Lord of the Rings, declined to speculate too much about his film's chance of taking the Oscar for best film.
"I am a little superstitious. If you look at something too hard it just slips away," he said.