I say no absolutely not don't do it for these reasons:
there is no "contract."
If Mr. Big Shot likes you (& of course he will

) he may use your picture and
then you'll be compensated.
You basically will be doing a free photo shoot with other girls and I can practically guarantee you it will become (or try to become) more risque than what you anticipated.
It sounds to me like a front, somebody trying to take advantage of girls who dream of becoming models.
If you're gonna get paid a couple grand like mgr says, have a written contract
before the shoot. If there is no contract and you decide to shoot anyhow, please please please don't sign any sort of release. In fact, don't sign anything. You'll be signing away the rights to your photos, for free.
A name your price photo shoot sounds borderline pornographic to me.
If Mr. Big Shot wants to see if he likes your pics, a polaroid should suffice. Playboy is happy with polaroid submissions. No way is this guy bigger than playboy.
I smell a rat, girl. Tread carefully.
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