CBS News Correspondent Mark Phillips reports that the memorials will guarantee that Britons will never forget the princess whose death shattered the nation.
At Kensington Palace, where she lived, the impromptu shrine to her that sprang up in the weeks following her death will be relandscaped and turned into a permanent memorial park, complete with fountain. In the past, local residents have complained about the garden because of the crowds they fear the attraction will draw.
Another memorial will be a walkway to parallel the route of her funeral procession.
A new nursing program to help sick children will be funded. It is already being called Diana's Angels.
A Diana medal will be awarded to schoolchildren who demonstrate humanitarian selflessness, and a new Diana coin will be minted, though not until a similar coin marking Prince Charles' 50th birthday becomes legal tender later this year.
A committee, including her brother and sister and chaired by Britain's finance minister, has been considering some 10,000 suggested ideas. Among the rejected suggestions was a public holiday.
Meanwhile, Earl Charles Spencer, the princess' brother, gave an interview, published in this week's Radio Times magazine, in which he talks of his experiences on the night she died.
After learning of his sister's Aug. 31 car accident, he could only flip between TV channels and anxiously wait for news of her condition, the magazine says.
"I got up out of bed, and I went downstairs and turned on the television and flicked between CNN and BBC World," Spencer was quoted as saying in the interview promoting a new TV program, Diana: My Sister the Princess, to be aired Wednesday on the BBC.
The show, which Spencer edited, will be the first time he has spoken about Diana's death in a televised interview, according to Radio Times, which is published by the BBC.
After watching witnesses say that Diana walked away from the accident, Spencer said his eldest sister, Sarah McCorquodale, called to tell him Diana had been seriously injured, and had possibly suffered brain damage, Spencer said.
He then called his other sister, Jane Fellowes, whose husband, Robert, is an aide to Queen Elizabeth II.
"And Jane said, 'Oh, hang on, Robert's just on the other line to Paris' and then she stopped talking and then I heard Robert go, 'Oh, no!' and I remember just sitting there in shock for several hours," Spencer said.
Spencer, 34, said when he told one of his young daughters about Diana's death, the girl smiled and said, "But not in real life, Daddy."
He was quoted by Radio Times as saying he found his sister's highly public funeral on Sept. 6 "harrowing."
"I was walking down a tunnel of grief, and you could feel the itensity of that grief every footstep," he said.