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Detective Garda John Morley and Garda Henry Byrne died after they were shot dead as raiders tried to escape with IRL£35,000 in cash from the Bank of Ireland in nearby Ballaghdareen on 7 July 1980.
Mr Morley, a 37-year-old married man with three children, and Mr Byrne, a 29-year-old father of two, gave pursuit as the raiders fled the area.
A shoot-out followed near the Co Roscommon village of Loughglynn and the two gardaí were killed.
Two men later served sentences for the murders. A third had his conviction quashed.
This afternoon, Minister Flanagan will unveil a stone memorial at Shannon's Cross in Loughglynn where the shooting took place.
Members of the Byrne and Morley families, including the widows of the two gardaí, will plant trees in memory of their loved ones.