The Economic Summit of Industrialized Nations was held at Rice in 1990. Three years later, in 1993, the James A. Baker III Institute for Public Policy was created. In 1997, the Edythe Bates Old Grand Organ and Recital Hall and the Center for Nanoscale Science and Technology, renamed in 2005 for the late Nobel Prize winner and Rice professor Richard E. Smalley, were dedicated at Rice. In 1999, the Center for Biological and Environmental Nanotechnology was created. The Rice Owls baseball team was ranked #1 in the nation for the first time in that year (1999), holding the top spot for eight weeks.