Rational functions with real critical points and the B. and M. Shapiro   conjecture in real enumerative geometry
  Suppose that 2d-2 tangent lines to the rational normal curve z\mapsto (1 : z : ... : z^d) in d-dimensional complex projective space are given. It was known that the number of codimension 2 subspaces intersecting all these lines is always finite; for a generic configuration it is equal to the d^{th} Catalan number. We prove that for real tangent lines, all these codimension 2 subspaces are also real, thus confirming a special case of a general conjecture of B. and M. Shapiro. This is equivalent to the following result:   If all critical points of a rational function lie on a circle in the Riemann sphere (for example on the real line), then the function maps this circle into a circle. 
A. Eremenko and A. Gabrielov