  Let $R$ be a two-dimensional regular local ring. In this paper, we prove that
there is a bijection between the set of all valuations of $Quot(R)$ centered at
$R$ and valuations of $k(x,y)$ centered at $k[x,y]_{(x,y)}$, where $k$ is the
residue field of $R$ and $x$ and $y$ are independent variables. Moreover, we
give a new proof, for the fact that the set of all normalized real valuations
centered at $R$ admits a structure of non metric tree.
