Photo Effex is an insert set in 2003 Ultra. The set is paralleled in Gold, with each card serial numbered to 25.
Gallery[]
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Checklist[]
| Number | Player | Team |
| 1 PE | Derek Jeter | Yankees |
| 2 PE | Barry Bonds | Giants |
| 3 PE | Sammy Sosa | Cubs |
| 4 PE | Troy Glaus | Angels |
| 5 PE | Albert Pujols | Cardinals |
| 6 PE | Alex Rodriguez | Rangers |
| 7 PE | Ichiro | Mariners |
| 8 PE | Greg Maddux | Braves |
| 9 PE | Nomar Garciaparra | Red Sox |
| 10 PE | Jeff Bagwell | Astros |
| 11 PE | Chipper Jones | Braves |
| 12 PE | Mike Piazza | Mets |
| 13 PE | Randy Johnson | Diamondbacks |
| 14 PE | Vladimir Guerrero | Expos |
| 15 PE | Alfonso Soriano | Yankees |
| 16 PE | Lance Berkman | Astros |
| 17 PE | Todd Helton | Rockies |
| 18 PE | Mike Lowell | Marlins |
| 19 PE | Carlos Delgado | Blue Jays |
| 20 PE | Jason Giambi | Yankees |
Template:2003 Ultra