Efficient algorithms are known for computing a minimum spann.ing tree, or a shortest path. tree (with a fixed vertex as the root). The weight of a shortest path tree can be much more than the weight of a minimum spa,nning tree. Conversely, the distance bet,ween the root, and any vertex in a minimum spanning tree may be much more than the distance bet#ween the two vertices in the graph. Consider the problem of balancing between the two kinds of trees: Does every graph contain a tree that is “light ” (at most a constant times heavier than the minimum spanning t,ree), such that the distance from the root to any vertex in t,he tree is no more than a constant times the true distance? This paper answers the question in the affirmative. It is shown that there is a continuous tradeoff between the two parameters. For every y> 0, there is a tree in the graph whose total weight is at most 1 + $? times the weight of a minimum spanning tree, such that the di&nce in the tree between the root, and any vertex is at, most 1 + &y times the true distance. Efficient sequential and parallel algorithms achieving these factors are provided. The algorithms are shown to be optimal in two ways. First, it is shown that no algorithm can achieve better factors in all graphs, because there a.re graphs that do not have better trees. Second, it is shown that even on a per-graph basis, finding trees that achieve better factors is NP-hard.