The Gandalf Award for Book-Length Fantasy was awarded only in 1978 and 1979. Again the inaugural winner was Tolkien: The Silmarillion, brought to print by Christopher Tolkien as editor. The second was The White Dragon by Anne McCaffrey. Fantasy fiction often wins the older Hugo Award for Best Novel, so Worldcon organizers considered the Gandalf to be partly a duplicate and it was not awarded again.
- 1978 - The Silmarillion, J. R. R. Tolkien, edited by Christopher Tolkien
- 1979 - The White Dragon, Anne McCaffrey
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