An extension of Ekeland's variational principle in fuzzy metric space, whic
h is an essential and the most general improvement of Ekeland's variational
principle in fuzzy metric space up to now, is established. As an applicati
on, we obtain Caristi's coincidence theorem for set-valued mappings in fuzz
y metric spaces. Further, a direct simple proof of the equivalence between
the two theorems is given. Some applications of these results to probabilis
tic metric spaces are presented. All these results, even in usual metric sp
ace, are also the latest. (C) 1999 Elsevier Science B.V. All rights reserve
d.