EXHIBIT 10.65

| 1.   | Base Cash      Salary:  Your base cash salary initially will be $275,000      annually. Your base cash salary      will be reviewed with you no less than annually and may be adjusted from      time to time by the Compensation Committee of the Board of      Directors. |
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| 2.   | Stock      Options:  You will be granted options to purchase 25,000      shares of common stock of CPI      Corp. at the fair market value on the day you commence employment with the      Company. Your options will vest in three equal increments on the first,      second and third anniversaries of your commencement of employment and will      thereafter be exercisable provided the stock maintains the following      target prices for twenty consecutive trading days: $25 for the first      one-third of options; $45 for the second one-third and $65 for the final      one-third.  These options will expire on the tenth anniversary      of the grant date.  Your options will be subject to your      continuing employment and your execution and delivery of a Nonstatutory      Stock Option Agreement. |
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| 3.   | Annual Bonus.      You will be eligible to participate in the Performance Incentive Plan of      the Company      as a key executive of the Company.  It is anticipated that any      payment due you under this plan will be paid substantially in Restricted      Shares with annual vesting as determined by the Compensation Committee of      the Board. |
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| 4.   | Other      Benefits:  As a CPI executive, you will generally be      entitled to participate in other active      benefit plans and programs on the same terms as the other executives in      the Company.  These benefits currently      include: |
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| a.   | 401(k)      Plan: This qualified plan allows employees to contribute up to 50% of base      salary annually.  The company matches 50% of employee      contributions up to a maximum of 5% of salary in common      stock.  The plan is administered by Charles Schwab Trust Company      and offers a full range of investment options.  The required      discrimination testing, however, substantially limits the amount highly      compensated executives maycontribute. |
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| b.   | Health/Disability:      The Company's benefit plan provides for competitive health care coverage      and short-term disability insurance.  Employee premiums are      adjusted annually.  Long-term disability insurance is also      available. |
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|   |         c. | Life      Insurance: Executives of the Company are eligible for life insurance equal      to two times annual base salary to a maximum benefit of      $400,000.  Once per year, executives are offered an option to      convert group term insurance in excess of $50,000 to a permanent cash      value policy.  Contributions that the Company would have paid on      the term life premiums are paid towards the permanent insurance premium,      and the executive pays the balance. |
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| d.   | Vacation:      You will be entitled to four weeks of paid vacation per    year. |
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| 5.   | Moving      Expenses.  The Company will reimburse you for moving      expenses, actual real      estate commissions on the sale of your home and up to $10,000 in expenses      for costs related to a new home in St. Louis (such as draperies,      inspections and closing costs), up to a total amount of $50,000 for moving      expenses, actual real estate commission on the sale of your home and      expenses related to a new home in St. Louis, and up to three trips to St.      Louis for you and your wife to search for a home.  All such      reimbursement shall be subject to your delivering customary and reasonable      documentation of your moving expenses and payment of      commissions. |
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| 6.   | Temporary Housing      Allowance.  The Company will reimburse you for reasonable      costs of temporary      housing in St. Louis, MO, not to exceed $15,000.00, subject to your      providing customary and reasonable documentation of the expenses you incur      for temporary housing. |
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| 7.   | Termination and      Severance:  If your employment is terminated by the      Company without Cause (a) on or before the first anniversary of your      commencement of employment, you will be entitled to a severance amount      equal to six months’ base salary and (b) at any time after the first      anniversary of your commencement of employment, you will be entitled to a      severance amount equal to one year’s base salary, provided, however, that      the payment of any severance under (a) or (b) shall be conditioned upon      your execution and delivery of a release of all claims arising from or      related to your employment and the termination of your employment in a      form satisfactory to the Company.  Any severance shall be      payable in a lump sum within ten days after the Company’s receipt of your      signed release.  If your employment is terminated for any other      reason, you will be entitled to no benefits, except as provided by law or      under the specific terms of the Company’s benefit programs in which you      are then participating.  “Cause” as used herein shall mean any      of the following acts by you or other circumstances:  (i) an act      committed, after the date of this Agreement, in bad faith and to the      detriment of the Company or any of its affiliates, (ii) refusal or failure      to act in substantial accordance with any written material direction or      order of the Company, (iii) repeated unfitness or unavailability for      service, disregard of the Company’s rules or policies after reasonable      notice and opportunity to cure, or misconduct, but not incapacity, (iv)      entry of a final order of judgment affirming the conviction of a crime      involving dishonesty, breach of trust, or physical or emotional harm to      any person, (v) any breach or threatened breach of Sections 8, 9, 10 or 11      of this Agreement, or (vi) material breach or violation of any other      provision of this Agreement or of any other contractual obligation to the      Company or any of its affiliates. |
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| 8.   | Insider      Status.  As an executive of the Company, you will be      considered an “insider” subject to SEC reporting of all stock      transactions and to pre-clearance of all transactions through the      Company’s General Counsel. |
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| 9.   | Confidentiality.  You      will maintain in confidence all non-public information you learn a bout      the Company and its business, including strategies, plans, prospects and      financial, employee, vendor and customer information.  You will      not use, copy or disclose any such information except as necessary to      perform the functions of your job or with the prior consent of the      Company. |
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| 10. | Non-Compete and      Non-Solicitation.  It is agreed that you will not be      employed directly by or act in an advisory role for any direct competitor      of the Company during the period of your employment and for a period of      one year from the date oftermination. |
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|  11. | Work for      Hire.  As an employee, you agree that your ideas,      concepts, graphics, creative o other      products of your work will be owned by the Company, and you agree to      acknowledge the Company’s ownership in writing upon request from the      Company. |
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| 12. | Existing      Agreements.  This offer is conditioned on your      confirmation that your employment by the Company will not violate the      terms of any existing agreements to which you are a party, including but      not limited to employment agreements and agreements relating to your      competitive employment. |
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