VAIL RESORTS INC
EXHIBIT 10.3(E)
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<DESCRIPTION>EXHIBIT 10.3(E)
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<p align="RIGHT"><b><font face="Helvetica" size="2">Exhibit 10.3(e)</font></b></p>

<p><b>Authorization ID: DIL528901	</b><font face="Helvetica" size="1">FS-2700-23 (4/97)</font></p>

<p><font face="Helvetica" size="2">Contact ID: KEYSTONE 	</font><font face="Helvetica" size="1">OMB 0596-0082</font></p>
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<p><font face="Helvetica" size="2">Use Code: 161</font></p>

<p align="CENTER"><font face="Helvetica" size="2"><b>U.S. DEPARTMENT OF AGRICULTURE</b></font></p>

<p align="CENTER"><font face="Helvetica" size="2"><b>Forest Service</b></font></p>

<p align="CENTER"><font face="Helvetica" size="2"><b>AMENDMENT</b></font></p>

<p align="CENTER"><font face="Helvetica" size="2"><b>FOR</b></font></p>

<p align="CENTER"><font face="Helvetica" size="2"><b>SPECIAL USE AUTHORIZATION</b></font></p>

<p align="CENTER"><font face="Helvetica" size="2"><b>AMENDMENT NUMBER: 5</b></font></p>

<p><font face="Helvetica" size="2">This amendment is attached to and made a part of the special use authorization (identified above) issued to <u>RALSTON RESORTS, INC</u> on <u>12/31/1996</u> which is hereby amended as follows:</font></p>

<p><font face="Helvetica" size="2">&nbsp;</font></p>

<p><font face="Helvetica" size="2">Change the holder name to <b>"Vail Summit Resorts, Inc. dba Keystone Resort, Inc."</b></font></p>

<p><font face="Helvetica" size="2">&nbsp;</font></p>

<p><font face="Helvetica" size="2">&nbsp;</font></p>

<p><font face="Helvetica" size="2">&nbsp;</font></p>

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<p><font face="Helvetica" size="2">&nbsp;</font></p>

<p><font face="Helvetica" size="2">This Amendment is accepted subject to the conditions set forth herein, and to conditions __<u>N/A</u>__ to __<u>N/A</u>__ attached hereto and made a part of this Amendment.</font></p>

<p><font face="Helvetica" size="2"><u></u>	 <u>							</u></font></p>

<p><font face="Helvetica" size="2">(Holder Signature) (Authorized Officer Signature)</font></p>

<p><font face="Helvetica" size="2"><u></u> <u>	MARIBETH GUSTAFSON, Forest Supervisor	</u></font></p>

<p><font face="Helvetica" size="2">(Holder Signature) (Name and Title)</font></p>

<p><font face="Helvetica" size="2">&nbsp;</font></p>

<p><font face="Helvetica" size="2">Date: <u></u>	Date: <u>							</u></font></p>

<p><font face="Helvetica" size="1">&nbsp;</font></p>

<p><font face="Helvetica" size="1">According to the Paperwork Reduction Act of 1995, no persons are required to respond to a collection of information unless it displays a valid OMB control number. The valid OMB control number for this information collection is
0596-0082.</font></p>

<p><font face="Helvetica" size="1">This information is needed by the Forest Service to evaluate requests to use National Forest System lands and manage those lands to protect natural resources, administer the use, and ensure public health and safety. This information
is required to obtain or retain a benefit. The authority for that requirement is provided by the Organic Act of 1897 and the Federal Land Policy and Management Act of 1976, which authorize the Secretary of Agriculture to promulgate rules and regulations for
authorizing and managing National Forest System lands. These statutes, along with the Term Permit Act, National Forest Ski Area Permit Act, Granger-Thye Act, Mineral Leasing Act, Alaska Term Permit Act, Act of September 3, 1954, Wilderness Act, National Forest Roads
and Trails Act, Act of November 16, 1973, Archaeological Resources Protection Act, and Alaska National Interest Lands Conservation Act, authorize the Secretary of Agriculture to issue authorizations for the use and occupancy of National Forest System lands. The
Secretary of Agriculture's regulations at 36 CFR Part 251, Subpart B, establish procedures for issuing those authorizations.</font></p>

<p><font face="Helvetica" size="1"></font></p>

<p><font face="Helvetica" size="1">The Privacy Act of 1974 (5 U.S.C. 552a) and the Freedom of Information Act (5 U.S.C. 552) govern the confidentiality to be provided for information received by the Forest Service Public reporting burden for collection of
information, <u>if requested</u>, is estimated to average 1 hour per response for annual financial information; average 1 hour per response to prepare or update operation and/or maintenance plan; average 1 hour per response for inspection reports; and an average of 1
hour for each request that may include such things as reports, logs, facility and user information, sublease information, and other similar miscellaneous information requests. This includes the time for reviewing instructions, searching existing data sources,
gathering and maintaining the data needed, and completing and reviewing the collection of information.</font></p>
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