Diana Fund: Diamonds Or Dog Food?

A memorial fund set in honor of Princess Diana already has collected more than $65 million and is expected to raise tens of millions of dollars more.

But despite its spectacular success, members of Princess Diana's family are demanding an end to the fund, reports CBS News Correspondent Mark Phillips.

When the mourning for Princess Diana was at its peak last September, it was decided that a fitting tribute would be to establish a fund that would support the charities she favored, including the homeless, AIDS, anti-land mine campaigns, ballet, and the fight against cancer.

But now Diana's brother, the Earl Spencer, who has been criticized himself for building a money-spinning mausoleum to her on the family estate, has gone public, saying he thinks the fund should be wound up.

Phillips reports that Spencer feels that some of the products licensed by the fund have become too tacky, like lottery scratch cards with Diana's signature and tubs of margarine that bear her name.

"The way to make it all go away would be to wind up the fund here and now, says journalist Ross Benson. "But if you are a trustee generating that kind of money, you are going to take the view as long as the goose is laying the golden egg, you've got to keep it alive."

But if you think the scratch card, among others, is too vulgar a way to honor the memory of Diana, you should know about some of the suggestions the fund has rejected, including a Barbie-style doll in Diana's likeness, an England Rose lager, a brand of dog food, and a colonic irrigation kit.