Document:

Exhibit 10.07

                                  BILL OF SALE

This Bill of Sale, dated effective May 28, 1999, is executed and delivered by P.
Alan Luckett and Victoria O. Luckett (the "Assignors"), and the Assignee herein
named in accordance with that one certain Loan Agreement, dated effective May
28, 1999, between Hispano Television Ventures, Inc., and certain investors
listed therein, and joined in by Assignors, Victor F. Mantecon and Woodcrest
Capital, L.L.C. (the "Loan Agreement").

                                    RECITALS

The Assignors, for and in consideration of the payment of Ten and No/100 Dollars
($10.00) and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, do hereby grant, bargain, sell convey, assign,
transfer, set over and deliver to Hispano Television Ventures, Inc., a Texas
corporation (hereinafter, together with its successors and assigns referred to
as the "Assignee"), all of the Assignors' right, title and interest in and to
all of the Assignors' assets and properties listed on Exhibit A.

TO HAVE AND TO HOLD the above described assets and properties assigned hereunder
(hereinafter collectively the "Assets") unto Assignee, its successors and
assigns, forever.

The Assignors hereby assign to Assignee with full right of subrogation, to the
extent so transferable, the benefit of and right to enforce the covenants and
warranties, if any, which Assignors are entitled to enforce with respect to the
Assets. The Assignors represent and warrant to Assignee, its successors and
assigns, that (i) Assignors have good and valid title to all the Assets, free of
all liens, security interests, encumbrances, pledges, charges, and claims of any
kind; (ii) the Assets are all of the Assignors' assets which have, prior to the
date hereof, been used by the Assignors as principals of the Assignee in
relation to the business of Assignee; and (iii) Assignors will defend the title
to the Assets against all claims and demands of all persons whomsoever.

Assignors and Assignee each agree to execute, acknowledge and deliver to the
other all such additional instruments, notices and other documents and to do all
such further acts and things as may be necessary or useful to more fully and
effectively effect the intent of this Bill of Sale.

This Bill of Sale may be executed simultaneously in one or more counterparts,
each of which shall be deemed an original, but all of which shall constitute one
and the same instrument.

This Bill of Sale shall bind and inure to the benefit of Assignors and Assignee
and their respective successors and assigns.

This Bill of Sale shall be construed in accordance with and be governed in all
respects by the laws of the State of Texas, without regard to its conflict of
law rules.

Executed effective the 28th day of May, 1999.

                                   ASSIGNORS:

                                   /S/ P. ALAN LUCKETT
                                   -----------------------------
                                   P. Alan Luckett

                                   /S/ VICTORIA O. LUCKETT
                                   -----------------------------
                                   Victoria O. Luckett

                                   ASSIGNEE:

                                   HISPANO TELEVISION VENTURES, INC.

                                   By:  /S/ VICTOR F. MANTECON
                                        ------------------------
                                        Victor F. Mantecon,
                                        President

<PAGE>

STATE OF TEXAS

COUNTY OF TARRANT

Before me, the undersigned authority, on this day personally appeared P. Alan
Luckett and Victoria O. Luckett, known to me to be the person whose name is
subscribed to the foregoing instrument, and he acknowledged to me that he had
executed the same for the purposes and consideration herein expressed, as his
act and deed, in the capacity therein stated.

Given under my hand and seal of office, this 28th day of May, 1999.

                                   /S/ DAISY B. ROGERS
                                   -----------------------------
                                   Notary Public in and for the
                                   State of Texas

                                   DAISY B. ROGERS
                                   -----------------------------
     [Seal]                        Printed Name of Notary

                                   My Commission Expires:
                                   -----------------------------
                                   9/16/2001

STATE OF TEXAS

COUNTY OF TARRANT

Before me, the undersigned authority, on this day personally appeared Victor F.
Mantecon, President of Hispano Television Ventures, Inc., a Texas corporation,
known to me to be the person whose name is subscribed to the foregoing
instrument, and he acknowledged to me that he had executed the same for the
purposes and consideration herein expressed, as the act and deed of said
corporation, in the capacity therein stated.

Given under my hand and seal of office, this 28th day of May, 1999.

                                   /S/ DAISY B. ROGERS
                                   -----------------------------
                                   Notary Public in and for the
                                   State of Texas

                                   DAISY B. ROGERS
                                   -----------------------------
     [Seal]                        Printed Name of Notary

                                   My Commission Expires:
                                   -----------------------------
                                   9/16/2001

<PAGE>

ALAN LUCKETT
BALANCE SHEET
AS OF MAY 26,1999

<TABLE>
<CAPTION>

                 ASSETS                                 LIABILITY & EQUITY
<S>                     <C>     <C>       <C>                          <C>     <C>
CURRENT ASSETS:                           CURRENT LIABILITIES:
Cash                            $     0   Notes Payable                        $6,000
Accounts Receivables                  0   Accounts Payable                          0
Other Current Assets                  0   Taxes Owing:
                                -------    Real Estate Taxes               0
 Total Current Assets                 0    Income Taxes                    0
LONG TERM ASSETS:                          Other Taxes                     0        0
Real Estate                           0                                -----
Operating Assets:                         Other Liabilities                         0
Television Production                                                          ------
Equipment               82,000             Total Current Liabilities           6,000
Production Supplies and                   LONG TERM LIABILITIES:
Material                54,900            Loans from Shareholders
Furniture and Fixtures       0  136,900   Other Liabilities                         0
                        ------                                                 ------
Organizational Costs/                      Total Liabilities                        0
Prepaid Exp.                          0   Stockholders Equity:
Tape and Video Library                0    Common Stock                             0
                                -------    Excess Assets over Liabilities     130,900
Total Long Term Assets          136,900                                       -------
Total Assets                    136,900    Total Stockholder Equity           130,900
                                           Total Liabilities and Equity      $136,900

</TABLE>

Specify any of the above assets pledged as collateral:  None
Specify any of the above liabilities secured by collateral:  None
Contingent Liabilities:  None
Judgements or suits pending against the undersigned at this time:  None

The undersigned declares and certifies that the above statement are a true and
correct account of the condition of our business as of the above date.

                        Signature: /S/ PATRICK ALAN LUCKETT
                                   ---------------------------------------------
                                   Patrick Alan Luckett- Chief Financial OfficerExhibit 10.08

                                  May 28, 1999

Mr. Alan Luckett
Hispano Television Ventures, Inc.
2426 Arbuckle Court

Dallas, Texas  75229

     Re:  Loan Agreement, dated May 28, 1999, by and among
          Hispano Television Ventures, Inc. and certain Investors
          named therein

Dear Alan:

     In connection with the above referenced agreement (the "Loan Agreement"),
this letter confirms that I am the sole shareholder of ATN Network, Inc., a
Texas corporation ("ATN"), having acquired the shares by assignment from Don
Shelton, Randy Moseley, Jerald Powell and Judy L. Bryant in December 1998. To
avoid legal action by me against the other shareholders for misrepresentation in
connection with my original investment in ATN, the prior shareholders of ATN
conveyed all the common stock of ATN to me at that time. I have furnished to you
original stock certificates endorsed in blank by all the prior shareholders as
evidence of the foregoing.

     Also accompanying this letter is an Assignment Separate from Certificate
conveying all of the issued and outstanding shares of ATN's capital stock to
Hispano Television Ventures, Inc. ("HTV"). This delivery is being made in
consideration for the issuance to me of 1,066,667 shares of HTV's common stock
pursuant to Section 4.01(f) of the Loan Agreement. In connection with such
issuance, I agree to be bound as though I were a "Principal" to the covenants
and agreements of the "Principals" set forth in Sections 5 and 6 of the Loan
Agreement relating to the election of directors of HTV and restrictions on
transfers of my shares of common stock of HTV; provided, however I intend to
transfer 533,333 of my HTV shares to Mr. Donald B. Sallee at the earliest date
possible. My transfer to Mr. Sallee will be subject to his agreement to be
similarly bound by Sections 5 and 6 of the Loan Agreement.

     Except for my intended transfer to Mr. Sallee, I represent to HTV that I am
acquiring its shares of common stock for my own account for the purpose of
investment and not with a view to or for sale in connection with any
distribution of the shares. I further understand that the HTV shares have not
been registered under the Securities Act of 1933, as amended, and that my
certificate and Mr. Sallee's certificate for the HTV shares will bear a legend
to that effect.

                                   Sincerely,

                                   /s/ Bob J. Bryant

                                   Bob J. Bryant

cc:  Doug Miller

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