This is a tough one, but here goes:

 

1.    The Shawshank Redemption
2.    Hoosiers
3.    Dances With Wolves
4.    Dead Poets Society
5.    The Red Violin   The best movie that starts with "The." 
6.    The Usual Suspects
7.    Star Trek: First Contact 
8.    Monty Python and the Holy Grail
9.    Star Wars
10.  The Natural

 

Relegated (these films may petition annually for reinstatement ):
               The Matrix

            Butch Cassidy & The Sundance Kid

                  Raiders of the Lost Ark

            Schindler's List

             For Love of the Game

            The Karate Kid    This really deserves a mention, even though it's not all that great, since i watched it so darn much in the years after it came out.