  In this paper we use the theory of multiplier ideals to show that the
valuation ideals of a rank one Abhyankar valuation centered at a smooth point
of a complex algebraic variety are approximated, in a quite strong sense, by
sequences of powers of fixed ideals. Fix a rank one valuation v centered at a
smooth point x on an algebraic variety over a field of characteristic zero.
Assume that v is Abhyankar, that is, that its rational rank plus its
transcendence degree equal the dimension of the variety. Let a_m denote the
ideal of elements in the local ring of x whose valuations are at least m. Our
main theorem is that there exists e>0 such that a_{mn} is contained in
(a_{m-e})^n for all m and n. This can be viewed as a greatly strengthened form
of Izumi's Theorem for Abhyankar valuations centered on smooth complex
varieties.
