<DOCUMENT>
<TYPE>11-K
<SEQUENCE>1
<FILENAME>doc1.txt
<TEXT>




                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 11-K

                                   (Mark One)
[X]           Annual report pursuant to Section 15(d) of the Securities Exchange
              Act  of  1934

          For  the  fiscal  year  ended  December  31,  2003

                                            or

[  ]           Transition  report  pursuant  to  Section 15(d) of the Securities
               Exchange  Act  of  1934

           For  the  transition  period  from _______________ to _______________

                          Commission File No.: 0-12919

                                 PIZZA INN, INC.
                               401(K) SAVINGS PLAN
                            (Full title of the plan)

                                 PIZZA INN, INC.
                               3551 PLANO PARKWAY
                             THE COLONY, TEXAS 75056

         (Name of the issuer of the securities held pursuant to the plan
               and the address of its principal executive office)

<PAGE>




<PAGE>
                                                                 PIZZA INN, INC.
                                                             401(K) SAVINGS PLAN

                                                                        CONTENTS



REPORT  OF  INDEPENDENT  REGISTERED  PUBLIC  ACCOUNTING  FIRM
     December  31,  2003                                                       3
     December  31,  2002                                                       4

FINANCIAL  STATEMENTS
     Statements  of  Net  Assets  Available  for  Benefits  -
          December  31,  2003  and  2002                                       5
     Statement  of  Changes  in  Net  Assets  Available  for  Benefits-
          Year  Ended  December  31,  2003                                     6
     Notes  to  Financial  Statements                                          7


SUPPLEMENTAL  SCHEDULES
     Schedule  of  Assets  (Held  at  End  of  Year)  (Schedule  I)           17
     Schedule  of  Reportable  Transactions  (Schedule  II)                   18

Note:  Other  schedules  required  by Section 2520.103 - 10 of the Department of
Labor's  Rules  and  Regulations for Reporting and Disclosure under the Employee
Retirement  Income Security Act ("ERISA") of 1974 have been omitted because they
are  not  applicable.






<PAGE>







REPORT  OF  INDEPENDENT  REGISTERED  PUBLIC  ACCOUNTING  FIRM

To  the  Participants  and  Administrator  of  the
  Pizza  Inn,  Inc.  401(k)  Savings  Plan:

We  have audited the accompanying statement of net assets available for benefits
of the Pizza Inn, Inc. 401(k) Savings Plan (the "Plan") as of December 31, 2003,
and  the  related  statement of changes in net assets available for benefits for
the  year  then  ended.  The financial statements of the Plan as of December 31,
2002,  were  reported  on  by  other  auditors  whose report dated May 30, 2003,
included  an  unqualified  opinion.  These  financial  statements  are  the
responsibility  of  the  Plan's  management. Our responsibility is to express an
opinion  on  these  financial  statements  based  on  our  audit.

We  conducted  our  audit in accordance with the standards of the Public Company
Accounting Oversight Board (United States). These standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements  are free of material misstatement. An audit includes examining, on a
test  basis,  evidence  supporting  the amounts and disclosures in the financial
statements.  An audit also includes assessing the accounting principles used and
significant  estimates  made  by  management,  as well as evaluating the overall
financial  statement  presentation.  We  believe  that  our  audit  provides  a
reasonable  basis  for  our  opinion.

In  our  opinion,  the financial statements referred to above present fairly, in
all  material  respects, the net assets available for benefits of the Plan as of
December  31, 2003, and the changes in net assets available for benefits for the
year  then  ended in conformity with accounting principles generally accepted in
the  United  States  of  America.

Our  audit was performed for the purpose of forming an opinion on the 2003 basic
financial  statements  taken  as a whole. The supplemental schedules of the Plan
are presented for the purpose of additional analysis and are not a required part
of  the basic financial statements but are supplementary information required by
the  Department  of  Labor's  Rules and Regulations for Reporting and Disclosure
under  the  Employee  Retirement Income Security Act of 1974. These supplemental
schedules  are  the  responsibility  of  the Plan's management. The supplemental
schedules have been subjected to the auditing procedures applied in the audit of
the  2003  basic  financial statements and, in our opinion, are fairly stated in
all  material  respects in relation to the 2003 basic financial statements taken
as  a  whole.



/s/ BDO SEIDMAN LLP
Dallas,  Texas
June  20,  2004

<PAGE>
REPORT  OF  INDEPENDENT  REGISTERED  PUBLIC  ACCOUNTING  FIRM


To  the  Participants  and  Administrator  of  the
  Pizza  Inn,  Inc.  401(k)  Savings  Plan:


In  our opinion, the accompanying statement of net assets available for benefits
present  fairly, in all material respects, the net assets available for benefits
of  Pizza  Inn,  Inc.  401(k)  Savings Plan (the "Plan") at December 31, 2002 in
conformity with accounting principles generally accepted in the United States of
America.  This  financial  statement  is  the  responsibility  of  the  Plan's
management.  Our  responsibility  is  to  express  an  opinion of this financial
statement based on our audit. We conducted our audit on this financial statement
in  accordance  with  the  standards  of the Public Company Accounting Oversight
Board  (United  States).  Those  standards  require that we plan and perform the
audit  to  obtain  reasonable assurance about whether the financial statement is
free  of  material  misstatement.  An audit includes examining, on a test basis,
evidence  supporting  the  amounts  and  disclosures in the financial statement,
assessing  the  accounting  principles  used  and  significant estimates made by
management,  and  evaluating  the  overall  financial statement presentation. We
believe  that  our  audit  provides  a  reasonable  basis  for  our  opinion.

/s/ PRICEWATERHOUSECOOPERS LLP

Dallas,  Texas
May  30,  2003


<TABLE>
<CAPTION>


                                                                PIZZA INN, INC.
                                                            401(k) SAVINGS PLAN

                                Statements of Net Assets Available for Benefits




  December 31,                                                  2003        2002
-----------------------------------------------------------  ----------  ----------

<S>                                                          <C>         <C>
  ASSETS
  Investments, at fair value:
    Mutual funds. . . . . . . . . . . . . . . . . . . . . .  $1,251,946  $  904,860
    Common/collective fund. . . . . . . . . . . . . . . . .  $  335,597  $  115,713
    Pizza Inn, Inc. common stock, at market value (411,840
      and 434,088 shares at December 31, 2003 and 2002,
      respectively) . . . . . . . . . . . . . . . . . . . .   1,060,487   1,001,181
    Participant loans . . . . . . . . . . . . . . . . . . .     142,834     124,466
-----------------------------------------------------------  ----------  ----------

  Total investments . . . . . . . . . . . . . . . . . . . .   2,790,864   2,146,220

  LIABILITIES:
  Excess contributions payable. . . . . . . . . . . . . . .       9,755       9,315
-----------------------------------------------------------  ----------  ----------

  NET ASSETS AVAILABLE FOR BENEFITS . . . . . . . . . . . .  $2,781,109  $2,136,905
-----------------------------------------------------------  ----------  ----------

<FN>

                                    See accompanying notes to financial statements.
</TABLE>

<TABLE>
<CAPTION>

                                                                    PIZZA INN, INC.
                                                                401(k) SAVINGS PLAN

                         Statements of Changes in Net Assets Available for Benefits




<S>                                                   <C>
  Year ended December 31,. . . . . . . . . . . . . .        2003
----------------------------------------------------  ----------

  ADDITIONS
  Investment income:
    Net appreciation in the fair value of
      investments. . . . . . . . . . . . . . . . . .  $  427,973
    Interest and dividends . . . . . . . . . . . . .      29,113
----------------------------------------------------  ----------

  Total investment income. . . . . . . . . . . . . .     457,086
----------------------------------------------------  ----------

  Contributions:
    Participants' contributions. . . . . . . . . . .     311,601
    Employer contributions . . . . . . . . . . . . .      85,167
----------------------------------------------------  ----------

  Total contributions. . . . . . . . . . . . . . . .     396,768
----------------------------------------------------  ----------

  Total additions. . . . . . . . . . . . . . . . . .     853,854
----------------------------------------------------  ----------

  DEDUCTIONS
  Benefits paid to participants and other deductions     209,650
----------------------------------------------------  ----------

  Total deductions . . . . . . . . . . . . . . . . .     209,650
----------------------------------------------------  ----------

  Net increase . . . . . . . . . . . . . . . . . . .     644,204

Net assets available for benefits, beginning of year   2,136,905
----------------------------------------------------  ----------


Net assets available for benefits, end of year . . .  $2,781,109
----------------------------------------------------  ----------

<FN>

                 See accompanying notes to financial statements.
</TABLE>

                                                                 PIZZA INN, INC.
                                                             401(K) SAVINGS PLAN

                                                   Notes to Financial Statements


I.  DESCRIPTION OF THE PLAN

The  following  description  of  the  Plan's  provisions provides only
general  information.  Participants  should refer to the Plan agreement for more
complete information regarding the Plan's definitions, benefits, eligibility and
other  matters.

          GENERAL

          Pizza  Inn, Inc. 401(k) Savings Plan ("Plan") was approved and adopted
by the board of directors of Pizza Inn, Inc. (the "Company") on May 30, 1985 and
was implemented on July 1, 1985.  The Plan is a defined contribution plan and is
subject to the provisions of the Employee Retirement Income Security Act of 1974
(ERISA).  The  Plan is qualified under sections 401(a), 401(k) and 501(a) of the
Internal  Revenue  Code ("Code") and, accordingly, is exempt from federal income
taxes.  On  January  1,  2002,  the Plan was amended to comply with the Economic
Growth  and  Tax Relief Reconciliation Act signed into law on June 8, 2001.  The
financial  statements  are  prepared  with  the  assumption  that  the  Plan has
maintained  its  exemption  under  the  Code  (see  Note  3).

          ADMINISTRATION

          The Company is responsible for the administration and operation of the
Plan.  Wells  Fargo  Retirement  Plan  Services  (the  "Recordkeeper")  has been
retained  to provide recordkeeping services for the Plan.  The Wells Fargo Trust
Operations  is  responsible for the custody and management of the Plan's assets.

          PARTICIPATION

           The  Plan  participation  requirements  allow  employees who have six
months  of  service  with  the  Company  and who are 21 years of age or older to
participate  in  the  Plan.



          Participants  can  defer  up  to  15%  of  their  salary  toward  Plan
contributions.  Matching  contributions  can  be  made  at the discretion of the
Company.  Company  matching  contributions  for the plan year ended December 31,
2003  equaled  50%  up  to the first 4% of the participants' contributions.  The
matching  Company  contribution  is  invested directly in Pizza Inn, Inc. common
stock.  Effective  July  8,  2003,  participants  were able to move the employer
matching  contributions  out  of the Pizza Inn, Inc. common stock and into other
investment options.  In addition, at the election of the board of directors, the
Company  may  make  discretionary  contributions.  There  were  no  additional
discretionary contributions made for the year ended December 31, 2003.  Rollover
contributions  from  other  qualified plans can be added to the plan by eligible
participants.

           For  the  plan  year  ended  December  31,  2003, the Plan failed the
average  deferral  percentage discrimination testing.  In order to continue as a
qualified  plan,  the  excess  participant  contributions  must  be  refunded to
participants  during  the  following  Plan  year.  Such  amounts  refunded  to
participants  are  reflected  as excess contributions payable to participants on
the  statement  of  net  assets  available  for  benefits.

           PARTICIPANT  ACCOUNTS

            Each  participant's  account  is  credited  with  the  participant's
contribution  and an allocation of the Company's contribution and plan earnings.
The  benefit  to  which  a  participant  is  entitled is the benefit that can be
provided  from  the  participant's vested accounts.  Participants may direct the
investment  of their account balances into various investment options offered by
the Plan.  Currently, the Plan offers eleven mutual funds, one common/collective
fund  and  common  stock  of  the  Plan  sponsor  as  investment  options  for
participants.



           VESTING

          Participant  contributions,  and  the  earnings thereon, are fully and
immediately vested.  Company contributions vest at the rate of 25% per year over
four  years  of  service.

           FORFEITURES

           Forfeitures  of unvested Company matching contributions by terminated
employees  are  accumulated  and  periodically  applied  to reduce the Company's
matching  contributions for the applicable plan year.  There were no unallocated
forfeited,  nonvested  account  balances  as  of  December  31,  2003  and 2002.
Employer contributions were reduced by $3,369 from forfeited, nonvested accounts
during  the  year  ended  December  31,  2003.

           PARTICIPANT  LOANS

           Participants  may  obtain  a  loan  from the Plan in an amount not to
exceed 50% of their vested balance up to a maximum of $50,000.  The minimum loan
available  is  $1,000.  Loans  bear  interest at a rate of 2% over prime and are
collateralized  by the participant's vested account balance.  Loan principal and
interest  is  repaid  ratably  through monthly payroll deductions over a maximum
period of five years, except for the purchase of a principal residence which may
be  repaid  over a reasonable period of time that may be longer than five years.

           PAYMENT  OF  BENEFITS

          Terminated  participants  are  entitled  to  receive  100%  of  their
contributions  to  the  Plan  and  any  income or loss thereon, as well as their
vested  portion  of  the  Company  contributions and any income or loss thereon.
Generally, benefits attributable to employer contributions are not payable prior
to  termination.  However, hardship distributions of a portion of the employee's
contribution  and  employer's contribution, to the extent vested, may be made to
the  participant  in  certain  situations,  as  defined  in  the  Plan.

           Terminated employees may continue to participate in the Plan, and the
expenses  related  to  their  participation  are  paid  by  the  Company.

           PLAN  TERMINATION

          Although  it  has  not  expressed  any  intent  to  do so, the Company
maintains  the  right  to terminate the Plan at any time.  In the event that the
Plan  is  terminated,  the  participants  become  100% vested in their accounts.

          ADMINISTRATIVE  EXPENSES

          The  Company pays substantially all administrative expenses associated
with the administration  of  the  Plan.

II. SUMMARY OF SIGNIFICANT ACCOUNT POLICIES

          BASIS  OF  ACCOUNTING

           The  Plan's  financial  statements  are  presented  using the accrual
method  of  accounting  in  conformity  with  generally  accepted  accounting
principles.

          USE  OF  ESTIMATES

           The  preparation of financial statements in conformity with generally
accepted  accounting  principles  requires  Plan  management to make significant
estimates  and  assumptions  that  affect  the  reported  amounts  of  assets,
liabilities,  and  changes  therein,  and  disclosure  of  contingent assets and
liabilities.  Actual  results  could  differ significantly from those estimates.




           INVESTMENTS  AND  INVESTMENT  INCOME

            The  Plan's  investments  are  exposed  to  various  risks,  such as
interest  rate,  market  and  credit risks.  Due to the level of risk associated
with  investments in mutual funds and stocks, it is at least reasonably possible
that  changes  in the values of such investments will occur in the near term and
that such changes could materially affect participants' account balances and the
amounts  reported  in  the  statements  of  net  assets  available for benefits.

           The  investments  are  valued  at  fair value or the ending net asset
value  on  the last business day of the Plan year.  Investments in the Company's
common  stock  are  valued at the fair value as determined by the closing quoted
market  price  on December 31, 2003 and 2002.  Purchases and sales of securities
are  recorded  on  a  trade-date  basis.

           Dividends are recorded on the ex-dividend date.  Interest is recorded
on  the  accrual  basis.

           DETERMINATION  OF  UNREALIZED  APPRECIATION/DEPRECIATION  AND GAIN OR
           LOSS  ON  INVESTMENTS

           The Plan presents in the Statement of Changes in Net Assets Available
for  Benefits  the  net  appreciation  (depreciation)  in  the fair value of its
investments,  which consists of the realized gains or losses, and the unrealized
appreciation  (depreciation)  on  those  investments.

           Unrealized  appreciation  or  depreciation  in  the  fair  value  of
investments  held at year-end and gain or loss on sale of investments during the
year  are  determined  using  the  fair  value  at  the beginning of the year or
purchase  price  if  acquired  during  the  year.


           PARTICIPANT  LOANS

           Participant  loans  are  valued  at original loan value, plus accrued
interest,  less  principal  repayments, which approximates fair value.  Interest
rates on the loans range from 6.25% to 11.5% both at December 31, 2003 and 2002.

           PAYMENT  OF  BENEFITS

           Benefits  are  recorded  when  paid.

           RECLASSIFICATIONS

          Certain  reclassifications  have been made  to  amounts  reported  in
prior  year  to  conform  to the current year's presentation.


III.  TAX STATUS OF THE PLAN

          Management believes that the Plan is qualified under section 401(a) of
the  Internal Revenue Code and therefore, the Plan is exempt from taxation under
section 501(a).  The Internal Revenue Service ("IRS") granted a favorable letter
of  determination  to  the  Plan  in  1986.  During  1997  and 2001, the Company
received  favorable  letters of determination from the IRS for amendments to the
Plan. Generally, contributions to a qualified plan are deductible by the Company
when made.  Earnings of the Plan are tax deferred and participants are not taxed
on  their  benefits  until  withdrawn  from  the  Plan.

         Management  is  unaware  of any variations in the operation of the Plan
from the terms  of  the  Plan  documents,  as  amended.  Management believes the
Plan is qualified  under  the applicable sections of the Code and  the Employee
Retirement Income  Security  Act  of  1974  ("ERISA").



IV.     INVESTMENTS
        The  following  presents investments that represent 5% or more  of  the
Plan's  net  assets:


<TABLE>
<CAPTION>






      December 31,                      2003       2002
------------------------------------  ---------  ---------
<S>                                   <C>        <C>
      Pizza Inn, Inc. common stock .  1,060,487  1,001,181
      Wells Fargo Stable Return EBT.    335,597    115,713
        Fund
      Janus Fund . . . . . . . . . .    324,331    270,322
      Scudder Growth & Income Fund .          -    111,694
      Franklin Small-Cap Growth Fund    283,306    180,266
      MFS Mid-Cap Growth Fund. . . .    178,430          -
      Participant Loans. . . . . . .    142,834    124,466
------------------------------------  ---------  ---------
</TABLE>



Total investments greater than 5%     2,324,985  1,803,642
Total investments less than 5%          465,879    342,578
                                       -------     -------

Total investments                     2,790,864  2,146,220
-----------------                     ---------  ---------

During  2003,  the Plan's investments (including gains and losses on investments
bought  and  sold,  as  well  as  held  during the year) appreciated in value by
$427,973  as  follows:

<TABLE>
<CAPTION>



<S>                           <C>
Year ended December 31,. . .     2003
----------------------------  -------

Common/collective fund . . .    8,643
Mutual funds . . . . . . . .  308,442
Pizza Inn, Inc. common stock  110,888
----------------------------  -------

                              427,973
                              -------

</TABLE>


V.  NONPARTICIPANT-DIRECTED  INVESTMENTS

Employer  contributions  are  automatically  invested  in Pizza Inn, Inc. common
stock.  Employees  also  have  the  option of investing their contribution, or a
portion  thereof,  in  Pizza Inn, Inc. common stock. Effective July 8, 2003, the
Plan  was  amended  to  allow  participants  to move employer contributions from
employer  common  stock  to other investment options provided by the Plan. Since
the activity of the nonparticipant-directed and participant-directed investments
are combined, the entire investment option is considered nonparticipant-directed
for  purposes  of  this  disclosure.  Information  about  the net assets and the
significant  components  of  the  changes  in  net  assets  relating  to
nonparticipant-directed  investments  is  as  follows:

<TABLE>
<CAPTION>






December 31,                      2003       2002
------------------------------  ---------  ---------
<S>                             <C>        <C>
NET ASSETS:
  Pizza Inn, Inc. common stock  1,060,487  1,001,181
</TABLE>

<TABLE>
<CAPTION>



<S>                                              <C>


Year Ended December 31, . . . . . . . . . . . .      2003
-----------------------------------------------  ---------

CHANGES IN NET ASSETS:
    Contributions . . . . . . . . . . . . . . .   136,357
    Dividends . . . . . . . . . . . . . . . . .        18
    Net appreciation. . . . . . . . . . . . . .   110,888
Benefits paid to participants . . . . . . . . .   (64,837)
Transfers from participant-directed investments  (123,120)
-----------------------------------------------  ---------

                                                   59,306
                                                 ---------
</TABLE>


VI.     PARTY-IN-INTEREST TRANSACTIONS

          One  of the Plan's investments options is in shares of Pizza Inn, Inc.
Common  Stock.  Pizza  Inn,  Inc.  sponsors  the  Plan;  therefore,  the related
transactions  are  deemed  party-in-interest  transactions.  The  Plan  recorded
purchases  of  $148,534  and sales of $207,942 of the Company's stock during the
year  ended  December  31,  2003.

         Certain Plan investments are shares  of  Mutual  funds managed by Wells
Fargo  or  its  affiliates.  This institution serves as trustee to the Plan and,
therefore,  these  investments  are  deemed  party-in-interest  transactions. In
addition,  the Plan has a program to provide loans to participants and therefore
these  also  are  deemed  party-in-interest  transactions.

VII.     SUBSEQUENT  EVENT
         Effective January 1, 2004, the Plan was amended  to allow  participants
to  contribute  up to 30% of their compensation to the Plan. Also effective with
this  amendment,  non-management restaurant employees are no longer eligible for
participation  in  the  Plan.


                                                          SUPPLEMENTAL SCHEDULES

<TABLE>
<CAPTION>
PIZZA  INN,  INC.  401(K)  SAVINGS  PLAN
SCHEDULE  H,  LINE  4I  -  SCHEDULE  OF  ASSETS  (HELD  AT  END  OF  YEAR)
--------------------------------------------------------------------------
AS  OF  DECEMBER  31,  2003                                   SCHEDULE  I

                                                         EIN 47-0654575
                                                         Plan Number:005

                                                                 ( c)
                                                          DESCRIPTION OF INVESTMENT
              (b)                                         INCLUDING MATURITY DATE,                             (e)
     IDENTITY OF ISSUE, BORROWER,                      RATE OF INTEREST, COLLATERAL,         (d)             CURRENT
       LESSOR OR SIMILAR PARTY                               PAR OR MATURITY VALUE          COST               VALUE
(a)  ---------------------------------                ------------------------------        -----             ------
<S>                                                   <C>                                <C>
* Pizza Inn, Inc.                                     Common Stock                           **               1,060,487
* Wells Fargo Stable Return Fund                      Common/Collective fund                 **                 335,597
  Fidelity Advisors High Yield Fund. . . . . . . . .  Mutual Fund                            **                 128,223
  MFS Mid-Cap Growth Fund. . . . . . . . . . . . . .  Mutual Fund                            **                 178,430
  Strong Small Cap Value           . . . . . . . . .  Mutual Fund                            **                 105,766
  MFS Total Return A             . . . . . . . . . .  Mutual Fund                            **                   8,181
  Franklin Small-Cap Growth Fund                      Mutual Fund                            **                 283,306
  American Century International
    Growth Fund. . . . . . . . . . . . . . . . . . .  Mutual Fund                            **                  19,266
* Wells Fargo Diversified Bond Fund                   Mutual Fund                            **                  54,689
  Janus Fund . . . . . . . . . . . . . . . . . . . .  Mutual Fund                            **                 324,331
  Van Kampen Comstock A          . . . . . . . . . .  Mutual Fund                            **                  21,919
  American Century Equity Income Fund. . . . . . . .  Mutual Fund                            **                  75,048
* Wells Fargo Index Fund                              Mutual Fund                            **                  52,787
* Participant loans                                   General purpose loans,
                                                      maturing from 2003-2007
                                                      bearing interest at 6.25%
                                                      to 11.5%                               **                 142,834
                                                                                                          -------------

          Total assets held for investment purposes                                                       $   2,790,864
                                                                                                          -------------
<FN>

*     Party-in  interest
**     Cost  not  required  for  participant-directed  investments.


</TABLE>
See accompanying Report of Independent Registered Accounting Firm.


PIZZA  INN,  INC.  401(K)  SAVINGS  PLAN
SCHEDULE  H,  LINE  4J  -  SCHEDULE  OF  REPORTABLE  TRANSACTIONS
-----------------------------------------------------------------
FOR  THE  YEAR  ENDED  DECEMBER  31,  2003         SCHEDULE  II

------------------------------------------
                                                         EIN 47-0654575
                                                         Plan Number:005


<TABLE>
<CAPTION>




                                                      (c)              (d)            (h)            (i)
                                                     TOTAL             TOTAL          TOTAL          TOTAL          (j)
      (a)                       (b)               NUMBER OF        DOLLAR VALUE    NUMBER OF    DOLLAR VALUE    NET GAIN
IDENTITY OF PARTY       DESCRIPTION OF ASSET      PURCHASES        OF PURCHASES       SALES        OF SALES    OR (LOSS)
--------------------    ---------------------- --------  ------------  -------------  -------------  --------  ---------


Series of transactions within the plan year with respect to securities of the same issue that, when aggregated, involve
 more than 5% of the current value of plan assets:
<S>                               <C>                   <C>                <C>            <C>            <C>       <C>
Pizza Inn, Inc.. . . . . .  Common Stock             15  $            148,534
Pizza Inn, Inc. . .  . . .  Common Stock                                               28     $     207,942   (74,350)
</TABLE>

See accompanying Report of Independent Registered Accounting Firm.




                                   SIGNATURES

Pursuant  to  the  requirements of the Securities Exchange Act of 1934, the Plan
Administrator  of  the  Pizza Inn, Inc. 401(k) Savings Plan has duly caused this
annual  report  to  be  signed  on  its  behalf  by  the undersigned hereto duly
authorized.

      PIZZA  INN,  INC.
     401(k)  SAVINGS  PLAN

               Administrative  Committee  for  the
     By:          Pizza  Inn,  Inc.  401(k)  Savings  Plan

Date:  June  30,  2003     By:          /s/  Susan  Milliman




               Susan  Milliman
               Member  of  the  Pizza  Inn,  Inc.
               401(k)  Savings  Plan  Administrative
               Committee


                                INDEX TO EXHIBITS

                    NUMBER          DESCRIPTION          PAGE




23.1          Consent  of  BDO  Seidman,  LLP
23.2          Consent  of  Pricewaterhouse  Coopers






</TEXT>
</DOCUMENT>
