H:\REGA\SR\GAB\2197598.EXT







October  19,  2001




Pizza  Inn,  Inc.,
5050  Quorum  Drive,  Suite  500
Dallas  TX  75240

Attn:     Ronald  W.  Parker

Ref:     Pizza  Inn,  Inc.  a  Missouri  corporation
     Plano  Parkway  South  of State Highway 121, The  Colony, Denton County, TX
("Property")
     Wells  Fargo  Bank  Loan  No.  2351OE

Dear  Mr.  Parker:

This First Letter Modification Agreement dated October 19, 2001 ("Agreement") is
entered  into  by  and  between  Wells  Fargo  Bank  Texas, National Association
("Lender"),  and  Pizza  Inn,  Inc.,  a  Missouri  corporation  ("Borrower").

On  December 28, 2000, Lender made a loan to Borrower in the principal amount of
EIGHT  MILLION  ONE  HUNDRED  TWENTY-  FIVE  THOUSAND  AND  NO/100THS  DOLLARS
($8,125,000.00)  ("Loan").  Said  Loan  is  secured  by,  among  other things, a
Construction  Deed  of  Trust  with  Absolute  Assignment  of  Leases and Rents,
Security Agreement and Fixutre Filing ("Deed of Trust") dated December 28, 2000,
executed by Borrower as "Grantor" for the benefit of Lender as "Beneficiary" and
recorded  on  December  29, 2000, as Instrument No. 122934, in the Real Property
Records  of  Denton  County,  Texas,  encumbering  real  property described more
particularly therein; and evidenced by a Promissory Note dated December 28, 2000
("Note")  and  other  documentation  necessary  to  perfect  the  Loan  and  any
amendments  or  modifications  thereto (individually and collectively, the "Loan
Documents").

Borrower  has requested, and Lender has agreed to extend the Completion Date (as
set  forth  in  the  Loan  Documents)  from November 1, 2001 to January 1, 2002.

Lender's  willingness  to  extend  the  Completion Date of the Loan Documents is
subject  to  the  satisfaction  of  the  following  conditions  precedent:


     1.     Borrower shall deliver to Lender an unmodified, executed original of
this  Agreement;               and

     2.     All  payments  due and owing to Lender under the Loan Documents have
been  paid  current  as  of  the  effective  date  of  this  Agreement.



October  19,  2001
Page  2


All  other  terms  and  conditions under each of the Loan Documents shall remain
unmodified  and  of  full force and effect.  Upon satisfaction of the conditions
precedent  described above, the extension of the maturity date of the Note shall
be  in  effect.


"Lender"

WELLS  FARGO  BANK  TEXAS,  NATIONAL  ASSOCIATION



By:/s/Paula Kinnison

Title:Vice President







Borrower  hereby  acknowledges  and agrees to the terms and conditions stated in
the  foregoing  Agreement.


"Borrower"

PIZZA  INN,  INC.,
a  Missouri  corporation



By:/s/Ronald W. Parker
     Ronald  W.  Parker,  President