A rigorous (and simple) proof is given that there is a one-to-one correspondence between causal anti-deSitter covariant quantum field theories on anti-deSitter space and causal conformally covariant quantum field theories on its conformal boundary. The correspondence is given by the explicit identification of observables localized in wedge regions in anti-deSitter space and observables localized in double-cone regions in its boundary. It takes vacuum states into vacuum states, and positive-energy representations into positive-energy representations.