Estrogen replacement therapy appears to have significant beneficial ef
fects on cognition and mood in the elderly. In recent studies, its use
has been associated with short term symptomatic cognitive improvement
and with a decreased risk of (or a delay in) developing Alzheimer's d
isease (AD). Clinical reports are supported by substantial basic scien
tific evidence of the neuroprotective effects of estrogens. Their spec
ific effects on dementia and cognitive impairment remain to be delinea
ted. Ongoing randomised trials in AD will only provide information on
the symptomatic effects of estrogens. Although basic research will pro
gress, there is currently sufficient knowledge to promote active clini
cal research on the possible disease-modifying or neuroprotective effe
cts of estrogens in the elderly.