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NEW YORK, USA, Aug 4, 2001: Nearly 200 members of the Parapsychological Association, a group of active researchers, honored the foundation's 50th anniversary this week at an annual convention. Parapsychology is the study of unexplained or paranormal phenomenon. It mostly focuses on dream research, but also includes the study of hauntings, clairvoyance and the occult. Founded in 1951 by Eileen Garrett and Frances Payne Bolton, a wealthy congresswoman from Ohio, the Parapsychology Foundation was created to help further the study of a field, which, at the time, had not been heavily researched. The field of parapsychology has changed throughout the years and has evolved in a highly refined scientific pursuit.