RAVE RESTAURANT GROUP, INC. — Director's Dealing 2004

Jul 8, 2004

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: PIZZA INN INC /MO/ (PZZI)
CIK: 0000718332
Period of Report: 2004-06-27

Reporting Person: WATERS BRIAN (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-07-01	Common Stock	I	721.8033	—	Acquired	1555.5933	Indirect

Footnotes

F1: Shares acquired in Pizza Inn 401(k) Plan at prices between $2.02 and $3.05 per share. Information is based on a Plan statement dated June 25, 2004.