MICHAELS STORES INC
SC 13D/A, EX-1, 2001-01-12
HOBBY, TOY & GAME SHOPS
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CUSIP NO.594087-10-8                  13D/A                  Page 9 of 10 Pages

                                    EXHIBIT 1


         Pursuant to Rule 13d-1(k)(1) of Regulation 13D-G of the General Rules
and Regulations of the Securities and Exchange Commission under the Securities
Exchange Act of 1934, as amended, the undersigned agree that the statement to
which this Exhibit is attached is filed on behalf of each of them.



Date:    January 10, 2001                /s/ Sam Wyly
                                        ------------------------------------
                                        Sam Wyly



                                         /s/ Charles J. Wyly, Jr.
                                        ------------------------------------
                                        Charles J. Wyly, Jr.








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