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Contents 1 Introduction 2 Review of basic concepts 3 Affinizations of vertex operator algebras and the * -operation 4 The notions of P (z)-and Q(z)-tensor product of two modules 5 First construction of Q(z)-tensor product 6 Second construction of Q(z)-tensor product

We announce the construction of an irreducible graded module V for an "affine" commutative nonassociative algebra S. This algebra is an "affinization" of a slight variant R of the conMnutative nonassociative algebra B defined by Griess in his construction of the Monster sporadic group F1. The character of V is given by the modular function J(q) _ q' + 0 + 196884q + .... We obtain a natural action of the Monster on V compatible with the action of R, thus conceptually explaining a major part of the numerical observations known as Monstrous Moonshine. Our construction starts from ideas in the theory of the basic representations of affine Lie algebras and develops further the cadculus of vertex operators. In particular, the homogeneous and principal representations of the simplest affine Lie algebra AV') and the relation between them play an important role in our construction. As a corollary we deduce Griess's results, obtained previously by direct calculation, about the algebra structure of B and the action of F1 on it. In this work, the Monster, a finite group, is defined and studied by means of a canonical infinite-dimensional representation.