THOMSEN, Chief Judge.
The question presented by this case is whether the $25,000 received by William Simmons (taxpayer) from American Brewery, Inc., as the "prize" for catching Diamond Jim III, a rock fish placed in the Chesapeake Bay in connection with the Third Annual American Beer Fishing Derby, constitutes taxable income under sec. 74, I.R.C.1954, 26 U.S.C.A. § 74. That section provides:
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