Tom Cruise and Michelle Monaghan appear in a scene from Mission: Impossible III.(Paramount Pictures)

The full 126 minutes of Mission: Impossible III probably won't win best picture at next year's Oscars, but it had the best two-minute trailer at the seventh annual Golden Trailer Awards.

A jury that included directors Quentin Tarantino and Guy Ritchie chose the Mission: Impossible III trailer for best of show. It also won for best trailer of action movies over the past year and among 2006 summer blockbusters.

The Golden Trailer Awards, founded in 1999, bills itself as the "world's fastest awards show." At a recent New York ceremony at the Directors Guild of America, trophies were handed out to winners.

Other winners included the trailers for Harry Potter and the Goblet of Fire, Wedding Crashers, March of the Penguins, Good Night and Good Luck, Match Point, Thank You for Smoking and Transamerica.