Grand Prize: $2,500 cash, $100 worth of Writer's Digest Books, plus a manuscript critique and marketing advice from a Writers' Digest editor or advisory board member. First Prize: The First Place-Winner in each of the five categories receives $500 cash, $100 worth of Writer's Digest Books, plus a manuscript critique and marketing advice from a Writers' Digest editor or advisory board member. Honorable Mention: Honorable Mentions will receive promotion in Writer's Digest and the 2008 Novel & Short Story Writer's Market.

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