This paper relates the boundary term in the Chern-Gauss-Bonnet formula on 4
-manifolds M with the renormalized volume V, as defined in the AdS/CFT corr
espondence, for asymptotically hyperbolic Einstein metrics on M. In additio
n rye compute and discuss the differential or Variation dV of V, or equival
ently the variation of the L-2 norm of the Weyl curvature, on the space of
such Einstein metrics.