Let f be an entire function of order at least 1/2, M(r)=max(/z/=r)/f(z
)/, and n(r,a) the number of zeros of f(z)-a in /z/less than or equal
to r. It is shown that lim sup(r-->infinity)n(r,a)/log M(r)greater tha
n or equal to 1/2 pi for all except possibly one a is an element of C.