1. You must be on the Ping list to participate.
2. If you're not on the ping list, simply send your ping list request to my Private Message Box and you will be automatically entered. Then every morning you get Today's Cryptogram delivered to you.
2. Today's Cryptogram will be posted at 9 AM New York Time.
3. Once the puzzle is posted, the time starts.
4. We will award prizes to the top 5 who submit a correct solution in the fastest time to Froggy The Gremlin’s Private Message Box
5. PLEASE DO NOT POST THE SOLUTION WHERE EVERYONE SEES IT.
6. FroggyTheGremlim; Lonesome in Massachussets; Apple Pan Dowdy; Nikos1121; are not eligible.
7. Prizes will be cash donations in the winner’s behalf to Free Republic, awarded as follows:
$50 for 1st
$25 for 2nd
$10 for 3rd
$10 for 4th
$10 for 5th
8.Winners will be announced on Friday.
9. Do not use any Cryptogram Solving software to solve the word puzzle. Be honest.

Cool!
I didn’t read this in time to get in on the contest, but I timed myself: 3 minutes 19 seconds.