[N8VTXNinWV]

http://www.washingtonpost.com/wp-srv/mmedia/politics/093004-15v.ram

If you forward down to about 1:23:13 you'll see that he fold up a piece of paper that looks like it has been folded and wadded up several times.

[pushforbush]

Try this link to the video:

http://www.dailyrecycler.com/blog/2004/10/winners-never-cheat.html

You have to watch it to see how damning it is to Kerry.
He looks very "sneaky" the way he choses just the right time to smoothly take the notes out and set them on the podium from his breast pocket, with his side to the audience. He wasn't counting on a camera catching him from the back.