The Newbery and Caldecott awards were established to encourage authors, illustrators, editors, and publishers to produce the most remarkable works to stimulate the mind, satisfy the curiosity, broaden horizons, and raise the hope of all children. With its vivid annotations for all winning titles and honor books since the awards' inception (Newbery 1922, Caldecott 1938), librarians rely on this update for collection and curriculum development, reader's advisory, and other programs. Marking the 60th anniversary of the Caldecott Award, this edition features the acceptance speech of 1991 winner David Macaulay. As in recent editions, the 1998 update provides background on the awards and photos of the new medalists and their books. An annotated bibliography of winning titles and honorable mentions is provided separately for each award, beginning with the most recent year and proceeding until the date of the award's inception. Title and author/illustrator indexes are also provided. (AEF)