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<p align="left"><b><font face="Times New Roman" size="2">As filed with the
Securities and Exchange Commission on April 4,
2003&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registration No. 333- <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></b></p>
<p align="center"><b><font face="Times New Roman" size="2">SECURITIES AND
EXCHANGE COMMISSION<br />
Washington, D.C.&nbsp; 20549</font></b></p>
<p align="center"><b><font face="Times New Roman" size="2">FORM S-8<br />
REGISTRATION STATEMENT<br />
UNDER<br />
THE SECURITIES ACT OF 1933</font></b></p>
<blockquote>
     <p align="center"><b><font face="Times New Roman" size="2"><u>PHOTOWORKS,
     INC.<br />
     </u>(Exact Name of Registrant as Specified in Its Charter)</font></b></p>
</blockquote>
<p align="center"><b><font face="Times New Roman" size="2"><u>Washington<br />
</u>(State or Other Jurisdiction<br />
of Incorporation or Organization)</font></b></p>
<p align="center"><b><font face="Times New Roman" size="2"><u>91-0964899<br />
</u>(I.R.S. Employer Identification No.)</font></b></p>
<p><b><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>1260 16th Avenue West, Seattle, Washington</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>98119-3401<br />
</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(Address of Principal Executive
Offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(Zip Code)</font></b></p>
<p align="center"><b><u><font face="Times New Roman" size="2">PHOTOWORKS, INC.
1999 STOCK INCENTIVE COMPENSATION PLAN, as amended</font></u></b></p>
<p align="center"><b><font face="Times New Roman" size="2">(Full Title of the
Plan)</font></b></p>
<p align="center"><b><font face="Times New Roman" size="2">Gary R.
Christophersen<br />
President and Chief Executive Officer<br />
PhotoWorks, Inc.<br />
1260 16th Avenue West<br />
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seattle, Washington
98119-3401&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<br />
</u>(Name and Address of Agent for Service)</font></b></p>
<p align="center"><b><font face="Times New Roman" size="2"><u>(206) 281-1390<br />
</u>(Telephone Number, Including Area Code, of Agent for Service)</font></b></p>
<p align="center"><b><font face="Times New Roman" size="2">CALCULATION OF
REGISTRATION FEE</font></b></p>
<div align="center">
     <center>
     <table border="1" cellspacing="0" cellpadding="0" width="100%">
          <tr>
               <td valign="bottom">
                    <p align="center"><b><font face="Times New Roman" size="2">Title
                    of<br />
                    Securities<br />
                    To Be Registered</font></b></p>
               </td>
               <td valign="bottom">
                    <p align="center"><b><font face="Times New Roman" size="2">Amount
                    To Be<br />
                    Registered</font></b></p>
               </td>
               <td valign="bottom">
                    <p align="center"><b><font face="Times New Roman" size="2">Proposed
                    Maximum<br />
                    Offering Price<br />
                    Per Share</font></b></p>
               </td>
               <td valign="bottom">
                    <p align="center"><b><font face="Times New Roman" size="2">Proposed<br />
                    Maximum<br />
                    Aggregate<br />
                    Offering Price</font></b></p>
               </td>
               <td valign="bottom">
                    <p align="center"><b><font face="Times New Roman" size="2">Amount
                    of<br />
                    Registration<br />
                    Fee (2)</font></b></p>
               </td>
          </tr>
          <tr>
               <td valign="bottom">
                    <p align="center"><font face="Times New Roman" size="2">&nbsp;</font></p>
                    <p align="center"><b><font face="Times New Roman" size="2">common
                    stock,<br />
                    par value $0.01 (1)</font></b></p>
               </td>
               <td valign="bottom">
                    <p align="center"><b><font face="Times New Roman" size="2">500,000<br />
                    shares</font></b></p>
               </td>
               <td valign="bottom">
                    <p align="center"><b><font face="Times New Roman" size="2">$0.160</font></b></p>
               </td>
               <td valign="bottom">
                    <p align="center"><b><font face="Times New Roman" size="2">$80,000.00</font></b></p>
               </td>
               <td valign="bottom">
                    <p align="center"><b><font face="Times New Roman" size="2">$6.48</font></b></p>
               </td>
          </tr>
     </table>
     </center>
</div>
<p><b><font face="Times New Roman" size="2">(1) Also includes associated
&quot;preferred share purchase rights&quot; to purchase shares of common stock
which are not currently separable from the shares of common stock and are not
currently exercisable.&nbsp;</font></b></p>
<p><b><font face="Times New Roman" size="2">(2) The registration fee was
calculated in accordance with Rule 457(h)(i) under the Securities Act of 1933,
as amended (the &quot;Act&quot;) based on the average of the closing bid and
asked prices of the Company's common stock on March 31, 2003, as quoted on the
OTC Bulletin Board as determined in accordance with Rule 457(c) under the Act.</font></b></p>
<hr>
<p align="center"><font face="Times New Roman" size="2">&nbsp;PART II</font></p>
<p align="center"><font face="Times New Roman" size="2">INFORMATION REQUIRED IN
THE REGISTRATION</font></p>
<p align="center"><font face="Times New Roman" size="2">STATEMENT</font></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<b>The shares being registered herein are additional shares of common stock
authorized to be issued under Registrant's 1999 Stock Incentive Compensation
Plan, as amended as of July 25, 2000; December 20, 2000; February 6, 2001 and
February 5, 2003</b>.&nbsp;</font></p>
<p><b><font face="Times New Roman" size="2">Item 3.&nbsp; Incorporation of
Documents by Reference.</font></b></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The following documents filed by PhotoWorks, Inc. (the &quot;Registrant&quot;)
with the Securities and Exchange Commission (the &quot;Commission&quot;) are
incorporated by reference in this Registration Statement:</font></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Annual Report on Form 10&#8209;K for the year ended September 28, 2002;</font></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Quarterly Report on Form 10-Q for the quarter ended December 28, 2002; and</font></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The description of the Registrant's Common Stock contained in its Registration
Statement on Form 8-A filed with the Commission on January 27, 1987, as amended
by the Registrant's Form 8-A/A filed with the Commission on May 31, 1996 and the
description of the preferred share purchase rights contained in Item 1 of the
Registrant's Registration Statement on Form 8-A filed with the Commission on
December 17, 1999, and any amendments or reports filed for the purpose of
updating these descriptions.</font></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
All documents subsequently filed by the Registrant pursuant to Sections 13(a),
13(c), 14 or 15(d) of the Exchange Act of 1934, as amended, prior to the filing
of a post-effective amendment which indicates that all securities offered have
been sold or which deregisters all securities then remaining unsold, shall be
deemed to be incorporated by reference herein and to be part hereof from the
date of filing of such documents.</font></p>
<p><b><font face="Times New Roman" size="2">Item 4.&nbsp; Description of
Securities.</font></b></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Not Applicable</font></p>
<p><b><font face="Times New Roman" size="2">Item 5.&nbsp; Interests of Named
Experts and Counsel.</font></b></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
None</font></p>
<p><b><font face="Times New Roman" size="2">Item 6.&nbsp; Indemnification of
Directors and Officers.</font></b></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Section 23B.08.320 of the Washington Business Corporations Act (the &quot;WBCA&quot;)
permits a corporation to limit its directors' liability to the corporation or
its shareholders for monetary damages for acts or omissions as a director,
except for (a) acts or omissions involving intentional misconduct or a knowing
violation of law, (b) certain unlawful distributions or loans in violation of
Section 23B.08.310 of the Revised Code of Washington, or (c) transactions
whereby the director received an improper personal benefit.&nbsp; Article XI of
the Registrant's Third Amended and Restated Articles of Incorporation contains
provisions limiting the liability of Registrant's directors to the Registrant or
its shareholders to the fullest extent permitted by Washington law.</font></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Sections 23B.08.500 through 23B.08.600 of the WBCA authorize a corporation to
indemnify its directors, officers, employees and agents against certain
liabilities they may incur in such capacities, including liabilities arising
under the Securities Act of 1933, as amended (the &quot;Securities Act&quot;)
provided they acted in good faith and in a manner reasonably believed to be in
or not opposed to the best interests of the corporation.&nbsp; Article IX of the
Registrant's Amended and Restated Bylaws requires the Registrant to indemnify
its directors, officers, employees and other agents to the fullest extent
permitted by Washington law.</font></p>
<p align="center"><font face="Times New Roman" size="2">II-1</font></p>
<hr>
<p>&nbsp;</p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The above discussion of the WBCA and the Registrant's Amended and Restated
Bylaws and Third Amended and Restated Articles of Incorporation is not intended
to be exhaustive and is qualified in its entirety by reference to such statute,
the Amended and Restated Bylaws and the Third Amended and Restated Articles of
Incorporation, respectively.</font></p>
<p><b><font face="Times New Roman" size="2">Item 7.&nbsp; Exemption from
Registration Claimed.</font></b></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Not Applicable</font></p>
<p><b><font face="Times New Roman" size="2">Item 8.&nbsp; Exhibits.</font></b></p>
<div align="left">
     <table border="0" cellspacing="0" cellpadding="0" width="756" height="233">
          <tr>
               <td valign="bottom" width="79" height="32">
                    <p align="left"><font face="Times New Roman" size="2">Exhibit<br>
                    <u>Number</u></font></p>
               </td>
               <td valign="bottom" width="665" height="32">
                    <p align="left"><font face="Times New Roman" size="2"><u>Exhibit</u></font></p>
               </td>
          </tr>
          <tr>
               <td valign="top" width="79" height="17"></td>
               <td valign="top" width="665" height="17"></td>
          </tr>
          <tr>
               <td valign="top" width="79" height="47">
                    <p align="center"><font face="Times New Roman" size="2">4.1</font></p>
               </td>
               <td valign="top" width="665" height="47">
                    <p><font face="Times New Roman" size="2">PhotoWorks, Inc.
                    1999 Stock Incentive Compensation Plan, as amended as of
                    July 25, 2000 (Incorporated by reference to Exhibit 4.1 to
                    the Registrant's Registration Statement on Form S-8 filed
                    with the Commission on May 24, 2000, File No. 333-37698).</font></p>
               </td>
          </tr>
          <tr>
               <td valign="top" width="79" height="32">
                    <p align="center"><font face="Times New Roman" size="2">4.2</font></p>
               </td>
               <td valign="top" width="665" height="32">
                    <p><font face="Times New Roman" size="2">PhotoWorks, Inc.
                    Amendment No. 1 to 1999 Stock Incentive Compensation
                    Plan&nbsp; (Incorporated by reference to Exhibit 4.2 to the
                    Registrant's Registration Statement on Form S-8 filed with
                    the Commission on May 16, 2001, File No. 333-61048).</font></p>
               </td>
          </tr>
          <tr>
               <td valign="top" width="79" height="21">
                    <p align="center"><font face="Times New Roman" size="2">4.3</font></p>
               </td>
               <td valign="top" width="665" height="21">
                    <p><font face="Times New Roman" size="2">PhotoWorks, Inc.
                    Amendment No. 2 to 1999 Stock Incentive Compensation Plan.</font></p>
               </td>
          </tr>
          <tr>
               <td valign="top" width="79" height="21">
                    <p align="center"><font face="Times New Roman" size="2">5.1</font></p>
               </td>
               <td valign="top" width="665" height="21">
                    <p><font face="Times New Roman" size="2">Opinion of Heller
                    Ehrman White&nbsp;&amp; McAuliffe LLP.</font></p>
               </td>
          </tr>
          <tr>
               <td valign="top" width="79" height="21">
                    <p align="center"><font face="Times New Roman" size="2">23.1</font></p>
               </td>
               <td valign="top" width="665" height="21">
                    <p><font face="Times New Roman" size="2">Consent of Heller
                    Ehrman White&nbsp;&amp; McAuliffe LLP (Included in its
                    opinion filed as Exhibit 5.1).</font></p>
               </td>
          </tr>
          <tr>
               <td valign="top" width="79" height="21">
                    <p align="center"><font face="Times New Roman" size="2">23.2</font></p>
               </td>
               <td valign="top" width="665" height="21">
                    <p><font face="Times New Roman" size="2">Consent of Ernst
                    &amp; Young LLP, Independent Auditors.</font></p>
               </td>
          </tr>
          <tr>
               <td valign="top" width="79" height="21">
                    <p align="center"><font face="Times New Roman" size="2">24&nbsp;</font></p>
               </td>
               <td valign="top" width="665" height="21">
                    <p><font face="Times New Roman" size="2">Power of Attorney
                    (Included on the signature page of this Registration
                    Statement).</font></p>
               </td>
          </tr>
     </table>
</div>
<p><b><font face="Times New Roman" size="2">Item 9.&nbsp; Undertakings.</font></b></p>
<p><font face="Times New Roman" size="2">&nbsp;<a name="_Ref455983208">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The undersigned Registrant hereby undertakes:</a></font></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To file, during any period in which offers or sales are being made, a post&#8209;effective
amendment to this Registration Statement:</font></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To include any prospectus required by section 10(a)(3) of the Securities Act of
1933;</font></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To reflect in the prospectus any facts or events arising after the effective
date of the Registration Statement (or the most recent post&#8209;effective
amendment thereof) which, individually or in the aggregate, represent a
fundamental change in the information set forth in the Registration Statement;</font></p>
<p align="center"><font face="Times New Roman" size="2">II-2</font></p>
<hr>
<p>&nbsp;</p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To include any material information with respect to the plan of distribution not
previously disclosed in the Registration Statement or any material change to
such information in the Registration Statement;</font></p>
<p><font face="Times New Roman" size="2"><i>Provided, however,</i> that
paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to
be included in a post&#8209;effective amendment by those paragraphs is contained
in periodic reports filed by the Registrant pursuant to Section&nbsp;13 or
Section&nbsp;15(d) of the Securities Exchange Act of 1934 that are incorporated
by reference in this Registration Statement.</font></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
That, for the purpose of determining any liability under the Securities Act of
1933, each such post&#8209;effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.</font></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the
offering.</font></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The undersigned Registrant hereby undertakes that, for purposes of determining
any liability under the Securities Act of 1933, each filing of the Registrant's
annual report pursuant to Section 13(a) or Section&nbsp;15(d) of the Securities
Exchange Act of 1934 that is incorporated by reference in the Registration
Statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.</font></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Insofar as indemnification for liabilities arising under the Securities Act of
1933 may be permitted to directors, officers and controlling persons of the
Registrant pursuant to the foregoing provisions, or otherwise, the Registrant
has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against public policy as expressed in the Securities Act
of 1933 and is, therefore, unenforceable.&nbsp; In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question of whether such
indemnification by it is against public policy as expressed in the Securities
Act of 1933 and will be governed by the final adjudication of such issue.</font></p>
<font face="Times New Roman" size="2"><br clear="all" />
</font>
<p align="center"><font face="Times New Roman" size="2">II-3</font></p>
<hr>
<p>&nbsp;</p>
<p align="center"><b><font face="Times New Roman" size="2">Signatures</font></b></p>
<p><font face="Times New Roman" size="2"><u>The Registrant</u>.&nbsp; Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies that
it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S&#8209;8 and has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in the City
of Seattle, State of Washington, on this 2nd day of April, 2003.</font></p>
<div align="right">
     <table border="0" width="60%">
          <tr>
               <td><font face="Times New Roman" size="2">&nbsp;</font></td>
               <td><b><font face="Times New Roman" size="2">PHOTOWORKS, INC.</font></b>
                    <p>&nbsp;</p>
               </td>
          </tr>
          <tr>
               <td><font face="Times New Roman" size="2">By:&nbsp;</font></td>
               <td><font face="Times New Roman" size="2">/s/ Gary R.
                    Christophersen</font></td>
          </tr>
          <tr>
               <td></td>
               <td>
                    <hr>
               </td>
          </tr>
          <tr>
               <td><font face="Times New Roman" size="2">&nbsp;</font></td>
               <td><font face="Times New Roman" size="2">Gary R. Christophersen,
                    President and<br>
                    Chief Executive Officer</font></td>
          </tr>
     </table>
</div>
<div align="center">
     &nbsp;
</div>
<div align="center">
     <b><font color="#000000" face="Times New Roman" size="2">POWER OF ATTORNEY</font></b>
</div>
<div align="center">
     &nbsp;
</div>
<div>
     <font face="Times New Roman" size="2">Each person whose signature appears
     below constitutes and appoints Gary R. Christophersen and Loran Cashmore
     Bond, or either of them, his true and lawful attorney-in-fact, with the
     power of substitution and resubstitution, for him in his name, place or
     stead, in any and all capacities, to sign any or all amendments to this
     Registration Statement, and to file the same, with exhibits thereto and
     other documents in connection therewith, with the Securities and Exchange
     Commission, hereby ratifying and confirming all that said attorneys-in-fact
     and their agents or substitutes, may lawfully do or lawfully cause to be
     done by virtue hereof.&nbsp;</font>
</div>
<div style="TEXT-INDENT: 4%">
     &nbsp;
</div>
<div>
     <font color="#000000" face="Times New Roman" size="2">Pursuant to the
     requirements of the Securities Act of 1933, this registration statement has
     been signed by the following persons in the capacities and on the dates
     indicated.</font>
</div>
<div>
     <font face="Times New Roman" size="2">&nbsp;</font>
</div>
<div>
     <table cellspacing="0" cellpadding="0" width="100%" border="0">
          <tr>
               <td valign="top" width="41%">
                    <div>
                         <font face="Times New Roman" size="2">&nbsp;</font>
                    </div>
                    <div align="center">
                         <font color="#000000" face="Times New Roman" size="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;Gary
                         R. Christophersen&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
                    </div>
                    <hr align="left" color="#000000" noshade size="1">
                    <div align="center">
                         <font color="#000000" face="Times New Roman" size="2">Gary
                         R. Christophersen</font>
                    </div>
               </td>
               <td valign="bottom" width="3%"><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
               <td valign="top" width="41%">
                    <div>
                         &nbsp;
                         <p><font color="#000000" face="Times New Roman" size="2">President,
                         Chief Executive Officer and Director<br>
                         (Principal Executive Officer)</font>
                    </div>
               </td>
               <td valign="bottom" width="3%"><font face="Times New Roman" size="2">&nbsp;</font></td>
               <td valign="top" nowrap align="middle" width="17%">&nbsp;
                    <p><font color="#000000" face="Times New Roman" size="2">April
                    2, 2003</font></td>
          </tr>
          <tr>
               <td height="16"></td>
          </tr>
          <tr>
               <td valign="top" width="41%">
                    <div>
                         <font face="Times New Roman" size="2">&nbsp;</font>
                    </div>
                    <div align="center">
                         <font color="#000000" face="Times New Roman" size="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;L.
                         Cashmore Bond</font>
                    </div>
                    <hr align="left" color="#000000" noshade size="1">
                    <div align="center">
                         <font color="#000000" face="Times New Roman" size="2">Loran
                         Cashmore Bond</font>
                    </div>
               </td>
               <td valign="bottom" width="3%"><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
               <td valign="top" width="41%">&nbsp;
                    <p><font face="Times New Roman" size="2">Chief Accounting
                    Officer<br>
                    (Principal Financial and Accounting Officer)</font></td>
               <td valign="bottom" width="3%"><font face="Times New Roman" size="2">&nbsp;</font></td>
               <td valign="top" nowrap align="middle" width="17%">&nbsp;
                    <p><font color="#000000" face="Times New Roman" size="2">April
                    2, 2003</font></td>
          </tr>
          <tr>
               <td height="16"></td>
          </tr>
          <tr>
               <td valign="top" width="41%">
                    <div>
                         <font face="Times New Roman" size="2">&nbsp;</font>
                    </div>
                    <div align="center">
                         <font color="#000000" face="Times New Roman" size="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;Ross
                         Chapin&nbsp;&nbsp;&nbsp;&nbsp;</font>
                    </div>
                    <hr align="left" color="#000000" noshade size="1">
                    <div align="center">
                         <font color="#000000" face="Times New Roman" size="2">Ross
                         Chapin</font>
                    </div>
               </td>
               <td valign="bottom" width="3%"><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
               <td valign="top" width="41%">
                    <div>
                         &nbsp;
                         <p><font color="#000000" face="Times New Roman" size="2">Director</font>
                    </div>
               </td>
               <td valign="bottom" width="3%"><font face="Times New Roman" size="2">&nbsp;</font></td>
               <td valign="top" nowrap align="middle" width="17%">&nbsp;
                    <p><font color="#000000" face="Times New Roman" size="2">April
                    2, 2003</font></td>
          </tr>
          <tr>
               <td height="16"></td>
          </tr>
          <tr>
               <td valign="top" width="41%">
                    <div>
                         <font face="Times New Roman" size="2">&nbsp;</font>
                    </div>
                    <div align="center">
                         <font color="#000000" face="Times New Roman" size="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;Paul
                         Goodrich</font>
                    </div>
                    <hr align="left" color="#000000" noshade size="1">
                    <div align="center">
                         <font color="#000000" face="Times New Roman" size="2">Paul
                         Goodrich</font>
                    </div>
               </td>
               <td valign="bottom" width="3%"><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
               <td valign="top" width="41%">
                    <div>
                         &nbsp;
                         <p><font color="#000000" face="Times New Roman" size="2">Director</font>
                    </div>
               </td>
               <td valign="bottom" width="3%"><font face="Times New Roman" size="2">&nbsp;</font></td>
               <td valign="top" nowrap align="middle" width="17%">&nbsp;
                    <p><font color="#000000" face="Times New Roman" size="2">April
                    2, 2003</font></td>
          </tr>
          <tr>
               <td height="16"></td>
          </tr>
          <tr>
               <td valign="top" width="41%">
                    <div>
                         <font face="Times New Roman" size="2">&nbsp;</font>
                    </div>
                    <div align="center">
                         <font color="#000000" face="Times New Roman" size="2">/s/&nbsp;&nbsp;&nbsp;Matthew
                         Kursh</font>
                    </div>
                    <hr align="left" color="#000000" noshade size="1">
                    <div align="center">
                         <font color="#000000" face="Times New Roman" size="2">Matthew
                         Kursh</font>
                    </div>
               </td>
               <td valign="bottom" width="3%"><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
               <td valign="top" width="41%">
                    <div>
                         &nbsp;
                         <p><font color="#000000" face="Times New Roman" size="2">Director</font>
                    </div>
               </td>
               <td valign="bottom" width="3%"><font face="Times New Roman" size="2">&nbsp;</font></td>
               <td valign="top" nowrap align="middle" width="17%">&nbsp;
                    <p><font color="#000000" face="Times New Roman" size="2">April
                    2, 2003</font></td>
          </tr>
          <tr>
               <td height="16"></td>
          </tr>
          <tr>
               <td valign="top" width="41%">
                    <div>
                         <font face="Times New Roman" size="2">&nbsp;</font>
                    </div>
                    <div align="center">
                         <font color="#000000" face="Times New Roman" size="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;Douglas
                         A. Swerland</font>
                    </div>
                    <hr align="left" color="#000000" noshade size="1">
                    <div align="center">
                         <font color="#000000" face="Times New Roman" size="2">Douglas
                         A. Swerland</font>
                    </div>
               </td>
               <td valign="bottom" width="3%"><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
               <td valign="top" width="41%">
                    <div>
                         &nbsp;
                         <p><font color="#000000" face="Times New Roman" size="2">Director</font>
                    </div>
               </td>
               <td valign="bottom" width="3%"><font face="Times New Roman" size="2">&nbsp;</font></td>
               <td valign="top" nowrap align="middle" width="17%">&nbsp;
                    <p><font color="#000000" face="Times New Roman" size="2">April
                    2, 2003</font></td>
          </tr>
          <tr>
               <td height="16"></td>
          </tr>
          <tr>
               <td valign="top" width="41%">
                    <div>
                         <font face="Times New Roman" size="2">&nbsp;</font>
                    </div>
                    <div align="center">
                         <font color="#000000" face="Times New Roman" size="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;Douglas
                         Rowan</font>
                    </div>
                    <hr align="left" color="#000000" noshade size="1">
                    <div align="center">
                         <font color="#000000" face="Times New Roman" size="2">Douglas
                         Rowan</font>
                    </div>
               </td>
               <td valign="bottom" width="3%"><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
               <td valign="top" width="41%">
                    <div>
                         &nbsp;
                         <p><font color="#000000" face="Times New Roman" size="2">Director</font>
                    </div>
               </td>
               <td valign="bottom" width="3%"><font face="Times New Roman" size="2">&nbsp;</font></td>
               <td valign="top" nowrap align="middle" width="17%">&nbsp;
                    <p><font color="#000000" face="Times New Roman" size="2">April
                    3, 2003</font></td>
          </tr>
          <tr>
               <td height="16"></td>
          </tr>
     </table>
</div>
<p>&nbsp;</p>
<p>&nbsp;</p>
<hr>
<p align="center"><a name="ExhibitIndex"><u><font face="Times New Roman" size="2">EXHIBIT
INDEX</font></u></a></p>
<p align="center"><font face="Times New Roman" size="2">&nbsp;</font></p>
<div align="left">
     <table border="0" cellspacing="0" cellpadding="0" width="756" height="233">
          <tr>
               <td valign="bottom" width="79" height="32">
                    <p><font face="Times New Roman" size="2">Exhibit<br>
                    <u>Number</u></font></p>
               </td>
               <td valign="bottom" width="665" height="32">
                    <p><u><font face="Times New Roman" size="2">Exhibit</font></u></p>
               </td>
               <td valign="top" width="6" height="32"></td>
          </tr>
          <tr>
               <td valign="top" width="79" height="17"></td>
               <td valign="top" width="665" height="17"></td>
               <td valign="top" width="6" height="17"></td>
          </tr>
          <tr>
               <td valign="top" width="79" height="47">
                    <p align="center"><font face="Times New Roman" size="2">4.1</font></p>
               </td>
               <td valign="top" width="665" height="47">
                    <p><font face="Times New Roman" size="2">PhotoWorks, Inc.
                    1999 Stock Incentive Compensation Plan, as amended as of
                    July 25, 2000 (Incorporated by reference to Exhibit 4.1 to
                    the Registrant's Registration Statement on Form S-8 filed
                    with the Commission on May 24, 2000, File No. 333-37698).</font></p>
               </td>
               <td valign="top" width="6" height="47"></td>
          </tr>
          <tr>
               <td valign="top" width="79" height="32">
                    <p align="center"><font face="Times New Roman" size="2">4.2</font></p>
               </td>
               <td valign="top" width="665" height="32">
                    <p><font face="Times New Roman" size="2">PhotoWorks, Inc.
                    Amendment No. 1 to 1999 Stock Incentive Compensation
                    Plan&nbsp; (Incorporated by reference to Exhibit 4.2 to the
                    Registrant's Registration Statement on Form S-8 filed with
                    the Commission on May 16, 2001, File No. 333-61048).</font></p>
               </td>
               <td valign="top" width="6" height="32"></td>
          </tr>
          <tr>
               <td valign="top" width="79" height="21">
                    <p align="center"><font face="Times New Roman" size="2">4.3</font></p>
               </td>
               <td valign="top" width="665" height="21">
                    <p><font face="Times New Roman" size="2">PhotoWorks, Inc.
                    Amendment No. 2 to 1999 Stock Incentive Compensation Plan.</font></p>
               </td>
               <td valign="top" width="6" height="21"></td>
          </tr>
          <tr>
               <td valign="top" width="79" height="21">
                    <p align="center"><font face="Times New Roman" size="2">5.1</font></p>
               </td>
               <td valign="top" width="665" height="21">
                    <p><font face="Times New Roman" size="2">Opinion of Heller
                    Ehrman White&nbsp;&amp; McAuliffe LLP.</font></p>
               </td>
               <td valign="top" width="6" height="21"></td>
          </tr>
          <tr>
               <td valign="top" width="79" height="21">
                    <p align="center"><font face="Times New Roman" size="2">23.1</font></p>
               </td>
               <td valign="top" width="665" height="21">
                    <p><font face="Times New Roman" size="2">Consent of Heller
                    Ehrman White&nbsp;&amp; McAuliffe LLP (Included in its
                    opinion filed as Exhibit 5.1).</font></p>
               </td>
               <td valign="top" width="6" height="21"></td>
          </tr>
          <tr>
               <td valign="top" width="79" height="21">
                    <p align="center"><font face="Times New Roman" size="2">23.2</font></p>
               </td>
               <td valign="top" width="665" height="21">
                    <p><font face="Times New Roman" size="2">Consent of Ernst
                    &amp; Young LLP, Independent Auditors.</font></p>
               </td>
               <td valign="top" width="6" height="21"></td>
          </tr>
          <tr>
               <td valign="top" width="79" height="21">
                    <p align="center"><font face="Times New Roman" size="2">24&nbsp;</font></p>
               </td>
               <td valign="top" width="665" height="21">
                    <p><font face="Times New Roman" size="2">Power of Attorney
                    (Included on the signature page of this Registration
                    Statement).</font></p>
               </td>
               <td valign="top" width="6" height="21"></td>
          </tr>
     </table>
</div>

</body>

</html>
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{"company-data": {"conformed-name": "PHOTOWORKS INC /WA", "cik": "0000791050", "assigned-sic": "7384", "irs-number": "910964899", "state-of-incorporation": "WA", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-104308", "film-number": "03639911"}, "business-address": {"street1": "1260 16TH AVE WEST", "city": "SEATTLE", "state": "WA", "zip": "98119", "phone": "2062811390"}, "mail-address": {"street1": "1260 16TH AVENUE WEST", "city": "SEATTLE", "state": "WA", "zip": "98119"}, "former-company": [{"former-conformed-name": "AMERICAN PASSAGE MARKETING CORP", "date-changed": "19890320"}, {"former-conformed-name": "SEATTLE FILMWORKS INC", "date-changed": "19920703"}]}
As filed with the
Securities and Exchange Commission on April 4,
2003         Registration No. 333-
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C.  20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
PHOTOWORKS,
     INC.
(Exact Name of Registrant as Specified in Its Charter)
Washington
(State or Other Jurisdiction
of Incorporation or Organization)
91-0964899
(I.R.S. Employer Identification No.)
1260 16th Avenue West, Seattle, Washington
98119-3401
(Address of Principal Executive
Offices)                               
(Zip Code)
PHOTOWORKS, INC.
1999 STOCK INCENTIVE COMPENSATION PLAN, as amended
(Full Title of the
Plan)
Gary R.
Christophersen
President and Chief Executive Officer
PhotoWorks, Inc.
1260 16th Avenue West
Seattle, Washington
98119-3401
(Name and Address of Agent for Service)
(206) 281-1390
(Telephone Number, Including Area Code, of Agent for Service)
CALCULATION OF
REGISTRATION FEE
Title
                    of
Securities
To Be Registered
Amount
                    To Be
Registered
Proposed
                    Maximum
Offering Price
Per Share
Proposed
Maximum
Aggregate
Offering Price
Amount
                    of
Registration
Fee (2)
common
                    stock,
par value $0.01 (1)
500,000
shares
$0.160
$80,000.00
$6.48
(1) Also includes associated
"preferred share purchase rights" to purchase shares of common stock
which are not currently separable from the shares of common stock and are not
currently exercisable.
(2) The registration fee was
calculated in accordance with Rule 457(h)(i) under the Securities Act of 1933,
as amended (the "Act") based on the average of the closing bid and
asked prices of the Company's common stock on March 31, 2003, as quoted on the
OTC Bulletin Board as determined in accordance with Rule 457(c) under the Act.
PART II
INFORMATION REQUIRED IN
THE REGISTRATION
STATEMENT
The shares being registered herein are additional shares of common stock
authorized to be issued under Registrant's 1999 Stock Incentive Compensation
Plan, as amended as of July 25, 2000; December 20, 2000; February 6, 2001 and
February 5, 2003
.
Item 3.  Incorporation of
Documents by Reference.
The following documents filed by PhotoWorks, Inc. (the "Registrant")
with the Securities and Exchange Commission (the "Commission") are
incorporated by reference in this Registration Statement:
(a)               
Annual Report on Form 10‑K for the year ended September 28, 2002;
(b)               
Quarterly Report on Form 10-Q for the quarter ended December 28, 2002; and
(c)               
The description of the Registrant's Common Stock contained in its Registration
Statement on Form 8-A filed with the Commission on January 27, 1987, as amended
by the Registrant's Form 8-A/A filed with the Commission on May 31, 1996 and the
description of the preferred share purchase rights contained in Item 1 of the
Registrant's Registration Statement on Form 8-A filed with the Commission on
December 17, 1999, and any amendments or reports filed for the purpose of
updating these descriptions.
All documents subsequently filed by the Registrant pursuant to Sections 13(a),
13(c), 14 or 15(d) of the Exchange Act of 1934, as amended, prior to the filing
of a post-effective amendment which indicates that all securities offered have
been sold or which deregisters all securities then remaining unsold, shall be
deemed to be incorporated by reference herein and to be part hereof from the
date of filing of such documents.
Item 4.  Description of
Securities.
Not Applicable
Item 5.  Interests of Named
Experts and Counsel.
None
Item 6.  Indemnification of
Directors and Officers.
Section 23B.08.320 of the Washington Business Corporations Act (the "WBCA")
permits a corporation to limit its directors' liability to the corporation or
its shareholders for monetary damages for acts or omissions as a director,
except for (a) acts or omissions involving intentional misconduct or a knowing
violation of law, (b) certain unlawful distributions or loans in violation of
Section 23B.08.310 of the Revised Code of Washington, or (c) transactions
whereby the director received an improper personal benefit.  Article XI of
the Registrant's Third Amended and Restated Articles of Incorporation contains
provisions limiting the liability of Registrant's directors to the Registrant or
its shareholders to the fullest extent permitted by Washington law.
Sections 23B.08.500 through 23B.08.600 of the WBCA authorize a corporation to
indemnify its directors, officers, employees and agents against certain
liabilities they may incur in such capacities, including liabilities arising
under the Securities Act of 1933, as amended (the "Securities Act")
provided they acted in good faith and in a manner reasonably believed to be in
or not opposed to the best interests of the corporation.  Article IX of the
Registrant's Amended and Restated Bylaws requires the Registrant to indemnify
its directors, officers, employees and other agents to the fullest extent
permitted by Washington law.
II-1
The above discussion of the WBCA and the Registrant's Amended and Restated
Bylaws and Third Amended and Restated Articles of Incorporation is not intended
to be exhaustive and is qualified in its entirety by reference to such statute,
the Amended and Restated Bylaws and the Third Amended and Restated Articles of
Incorporation, respectively.
Item 7.  Exemption from
Registration Claimed.
Not Applicable
Item 8.  Exhibits.
Exhibit
Number
Exhibit
4.1
PhotoWorks, Inc.
                    1999 Stock Incentive Compensation Plan, as amended as of
                    July 25, 2000 (Incorporated by reference to Exhibit 4.1 to
                    the Registrant's Registration Statement on Form S-8 filed
                    with the Commission on May 24, 2000, File No. 333-37698).
4.2
PhotoWorks, Inc.
                    Amendment No. 1 to 1999 Stock Incentive Compensation
                    Plan  (Incorporated by reference to Exhibit 4.2 to the
                    Registrant's Registration Statement on Form S-8 filed with
                    the Commission on May 16, 2001, File No. 333-61048).
4.3
PhotoWorks, Inc.
                    Amendment No. 2 to 1999 Stock Incentive Compensation Plan.
5.1
Opinion of Heller
                    Ehrman White & McAuliffe LLP.
23.1
Consent of Heller
                    Ehrman White & McAuliffe LLP (Included in its
                    opinion filed as Exhibit 5.1).
23.2
Consent of Ernst
                    & Young LLP, Independent Auditors.
24
Power of Attorney
                    (Included on the signature page of this Registration
                    Statement).
Item 9.  Undertakings.
(a)               
The undersigned Registrant hereby undertakes:
(1)               
To file, during any period in which offers or sales are being made, a post‑effective
amendment to this Registration Statement:
(i)               
To include any prospectus required by section 10(a)(3) of the Securities Act of
1933;
(ii)               
To reflect in the prospectus any facts or events arising after the effective
date of the Registration Statement (or the most recent post‑effective
amendment thereof) which, individually or in the aggregate, represent a
fundamental change in the information set forth in the Registration Statement;
II-2
(iii)               
To include any material information with respect to the plan of distribution not
previously disclosed in the Registration Statement or any material change to
such information in the Registration Statement;
Provided, however,
that
paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to
be included in a post‑effective amendment by those paragraphs is contained
in periodic reports filed by the Registrant pursuant to Section 13 or
Section 15(d) of the Securities Exchange Act of 1934 that are incorporated
by reference in this Registration Statement.
(2)               
That, for the purpose of determining any liability under the Securities Act of
1933, each such post‑effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(3)               
To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the
offering.
(b)               
The undersigned Registrant hereby undertakes that, for purposes of determining
any liability under the Securities Act of 1933, each filing of the Registrant's
annual report pursuant to Section 13(a) or Section 15(d) of the Securities
Exchange Act of 1934 that is incorporated by reference in the Registration
Statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.
(c)               
Insofar as indemnification for liabilities arising under the Securities Act of
1933 may be permitted to directors, officers and controlling persons of the
Registrant pursuant to the foregoing provisions, or otherwise, the Registrant
has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against public policy as expressed in the Securities Act
of 1933 and is, therefore, unenforceable.  In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question of whether such
indemnification by it is against public policy as expressed in the Securities
Act of 1933 and will be governed by the final adjudication of such issue.
II-3
Signatures
The Registrant
.  Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies that
it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S‑8 and has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in the City
of Seattle, State of Washington, on this 2nd day of April, 2003.
PHOTOWORKS, INC.
By:
/s/ Gary R.
                    Christophersen
Gary R. Christophersen,
                    President and
Chief Executive Officer
POWER OF ATTORNEY
Each person whose signature appears
     below constitutes and appoints Gary R. Christophersen and Loran Cashmore
     Bond, or either of them, his true and lawful attorney-in-fact, with the
     power of substitution and resubstitution, for him in his name, place or
     stead, in any and all capacities, to sign any or all amendments to this
     Registration Statement, and to file the same, with exhibits thereto and
     other documents in connection therewith, with the Securities and Exchange
     Commission, hereby ratifying and confirming all that said attorneys-in-fact
     and their agents or substitutes, may lawfully do or lawfully cause to be
     done by virtue hereof.
Pursuant to the
     requirements of the Securities Act of 1933, this registration statement has
     been signed by the following persons in the capacities and on the dates
     indicated.
/s/    Gary
                         R. Christophersen
Gary
                         R. Christophersen
President,
                         Chief Executive Officer and Director
(Principal Executive Officer)
April
                    2, 2003
/s/    L.
                         Cashmore Bond
Loran
                         Cashmore Bond
Chief Accounting
                    Officer
(Principal Financial and Accounting Officer)
April
                    2, 2003
/s/    Ross
                         Chapin
Ross
                         Chapin
Director
April
                    2, 2003
/s/    Paul
                         Goodrich
Paul
                         Goodrich
Director
April
                    2, 2003
/s/   Matthew
                         Kursh
Matthew
                         Kursh
Director
April
                    2, 2003
/s/    Douglas
                         A. Swerland
Douglas
                         A. Swerland
Director
April
                    2, 2003
/s/    Douglas
                         Rowan
Douglas
                         Rowan
Director
April
                    3, 2003
EXHIBIT
INDEX
Exhibit
Number
Exhibit
4.1
PhotoWorks, Inc.
                    1999 Stock Incentive Compensation Plan, as amended as of
                    July 25, 2000 (Incorporated by reference to Exhibit 4.1 to
                    the Registrant's Registration Statement on Form S-8 filed
                    with the Commission on May 24, 2000, File No. 333-37698).
4.2
PhotoWorks, Inc.
                    Amendment No. 1 to 1999 Stock Incentive Compensation
                    Plan  (Incorporated by reference to Exhibit 4.2 to the
                    Registrant's Registration Statement on Form S-8 filed with
                    the Commission on May 16, 2001, File No. 333-61048).
4.3
PhotoWorks, Inc.
                    Amendment No. 2 to 1999 Stock Incentive Compensation Plan.
5.1
Opinion of Heller
                    Ehrman White & McAuliffe LLP.
23.1
Consent of Heller
                    Ehrman White & McAuliffe LLP (Included in its
                    opinion filed as Exhibit 5.1).
23.2
Consent of Ernst
                    & Young LLP, Independent Auditors.
24
Power of Attorney
                    (Included on the signature page of this Registration
                    Statement).