An attempt is made to make precise the connection between Wilson's RG and “Holographic RG” by writing Wilson's RG in a holographic form. A functional formulation is given for the exact RG evolution of a scalar field in d (flat) dimensions. It is shown that a change of variables maps the action to that for a scalar field in AdSd+1. This provides a holographic form for Wilson's RG that can be called “Holographic RG”. This mapping can only be done for a specific form of the cutoff function in the Exact Renormalization Group formalism. The notion of scale and conformal invariance in the presence of a finite UV cutoff is emphasized. The discussion is primarily about the two-point function and the Gaussian fixed point. Some remarks are made about...