The institute revealed its picks for the 100 greatest movies ever on the CBS TV special "100 Years...100 Movies--10th Anniversary Edition." Academy Award winning actor Morgan Freeman hosted the three-hour special Wednesday.

A jury of 1,500 film artists, critics and historians decided "Citizen Kane," which Orson Welles wrote, directed and starred in at 25, remains the No. 1 greatest movie of all time.

The rest of the top five is comprised of "The Godfather" at No. 2, "Casablanca" at No. 3, "Raging Bull" at No. 4 and "Singin' in the Rain" at No. 5.

Rounding out the Top 10 were "Gone With The Wind," Lawrence of Arabia," "Schindler's List," "Vertigo" and "The Wizard Of Oz."

"American film has always reflected and, in many respects, defined who we are," AFI President Jean Picker Firstenberg said in a news release. "But like all art forms, our perceptions of the movies change over time. AFI is proud to conduct this poll every 10 years to mark these changing cultural perspectives -- and to continue to drive new generations to the classics of American film."