Vladimir Voevodsky, one of the two 2002 Fields medallists, lectured at the ICTP School and Conference on Algebraic K-Theory and Its Applications in July. Born in USSR, Voevodsky is a professor at the Institute for Advanced Study in Princeton, New Jersey, USA. The Fields Medals ceremony took place in Beijing, China, at the International Congress of Mathematicians. The medals were awarded by Chinese President Jiang Zemin and Jacob Palis, secretary of the International Mathematical Union. Palis is a member of the ICTP Scientific Council and frequent visitor to the ICTP. The Fields Medal is considered to be the Nobel Prize equivalent for mathematicians. Alberto Bressan, of the International School for Advanced Studies (SISSA), in Trieste, was the only Italian plenary speaker at the Congress.