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							     .com
14,36 WEst CRAY #111

NOIISTON. PEXAS 77019

 :7 t3 942.7797

FAX 7! 3,Ho7.7797
www.phut ole!' coil!


		 2000
   ~26,

    KenLa                             /
    1400        mith
    Ho         ton, TX 77002

    Dear Mr. Lay,

    Please find enclosed the proposal for photofete.com'that Jeff Skilling discussed with
    you. The entry at this time is $30,000, Julia Decker Burke will be sending the legal
    documents by May 1.

    I appreciate your interest and look forward to launching the site May 8.

    Sinc rely,

    J  nifer Binder