National Lampoon is teamingup with fledgling Santa Monica entertainment company Half Shell EntertainmentFilms (HSE) to develop features based on material from National Lampoonmagazine and

'Partnering with HSEFilms makes perfect sense," National Lampoon's executive vice president BarryLayne said. "They are young, aggressive and have the sensibility that both goeswith our history and is in common with today's young adult audience.'

'We're proud to be theguys that National Lampoon chose to partner with,' HSE's James DeJulio added.'We are highly confident in our mutual ability to mine, assess andidentify material that will be funny and able to live up to the legacy."