Three forks - good recommendation for you price range.
And be careful to steer clear of those Pflueger rod/ reel/ line packages for 50 bucks; while they are attractively priced, these heavy glass/graphite composite rods are no where near the quality of a Three Forks.
Les
I've never used a Three Forks, but the other day I was out and there were some guys that were new to fly fishing. The one had a pflueger and I was trying to help him cast. I tried to cast that thing and it was horrible. Do not get suckered into one of those. I ended up letting the guy use my rod and he said that he was going to buy something better. Don't know if he did, but if you can cast one of those well then you are master in my opinion.