The Academy of American Poets announced yesterday that its chancellors had selected three new poets to join their ranks: Lynn Hejinian, Sharon Olds, and Carl Phillips. (In keeping with the board's desire for national inclusiveness, that's one poet from the west coast, one from the east, and one from St. Louis, respectively.) They'll join the other chancellors in helping pick the winner of the annual Wallace Stevens Award and the Academy Fellowship (which Phillips won just three months ago), and generally acting as "ambassadors of poetry in the world at large." Also, they do an annual reading in New York City every fall that is not to be missed.