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To a glass-half-empty kind of person, the 2001 awards season will play out the logical conclusion of a very rough year: Clients were buying less and proceeding more cautiously; in turn, agencies are now loath to spend six figures on entry fees, and there’s less standout work to show. At major awards shows, entries are down at least 20-25 percent.

On the up side, awards-show directors had expected a drop of up to 50 percent in entries.

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