AFI described fantasy films as "a genre where live-action characters inhabit imagined settings and/or experience situations that transcend the rules of the natural world. By presenting dreamlike realms where fairies flourish, witches scheme and pigs fly, fantasy demands that audiences believe in magic and hope for wishes to come true."

Nominees: 11 movies featured ghosts and four movies featured super heroes. The 1980s was the most represented decade with 15 movies.

Winners: The Wizard of Oz (1939) (# 1), The Lord of the Rings: The Fellowship of the Ring (2001) (# 2), It's a Wonderful Life (1946) (# 3), King Kong (1933) (# 4), Miracle on 34th Street (1947) (# 5), Field of Dreams (1989) (# 6), Harvey (1950) (# 7), Groundhog Day (1993) (# 8), The Thief of Bagdad (1924) (# 9), and Big (1988) (# 10).

Comments: Big (1988) was more a romantic comedy than a fantasy, and It's a Wonderful Life (1946) has a fantasy segment, but it's not a fantasy film. The Princess Bride (1987) deserved a place in the top 10, possibly replacing Harvey (1950). The Lord of the Rings: The Fellowship of the Ring (2001) would have been placed better in the category of Epic Films.