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A mission to detect Earth-sized planets around solar-like stars is being studied at NASA Ames, thus the mission name FRESIP (FRequency of Earth-Sized Inner Planets). The mission is being designed to continuously and simultaneously perform photometric observations of about 7500 stars with a precision of one part in 30,000 (that which is necessary to detect an Earth-sized transit). A substantial contribution to astrophysical studies of stellar variability is expected. In particular, those studies that require high precision photometry over a long period of continuous time coverage should benefit. Other possibilities are also being sought for consideration based mainly on their compatibility with the mission design or minor modifications to it.