Palm, Inc. and Pepsi-Cola are teaming up with Frankie Muniz and Jane Kaczmarek of Fox Network’s “Malcolm in the Middle” for a back-to-school rebate on Palm m125 handheld computers. After the $20 rebate, consumers will have paid an estimated $149 for Palm’s m125 handheld, making it one of the least expensive handhelds on the market.

Muniz, as Malcolm, will be featured with Palm m125 handhelds in large, in-store Pepsi displays at more than 100,000 grocery stores nationwide. In co-branded marketing materials and advertising, Palm and Pepsi-Cola will offer a mail-in rebate for $20 for the purchase of a Palm m125 handheld. Additionally, consumers have the chance to enter a sweepstakes to win a grand prize trip to Hollywood where they can visit the set of hit TV show “Malcolm in the Middle.” Other prizes include Palm and Pepsi merchandise. No purchase is necessary to enter the sweepstakes.