Dzialynski Palace is situated in the west side of the Old Square, close to Franciszkanska Street. It was built in the late 1770's (on the spot where two medieval townhouses used to stand). The palace was given its Baroque - Classicist forms between in the second half of the 18th century. The most beautiful room in the palace is the Red Chamber on the first floor. It leads to a balcony with a Baroque banister running across the whole facade. The room got its name from the red walls, whose colour contrasts with the white stucco - decorated ceiling. Inside are two pairs of stucco statues representing the kings Wladyslaw the Elbow - High with Casimir the Great and Wladyslaw Jagiello with his brother Witold. Today the building belongs to the Polish Academy of Science.