secret custody deal for katherine jackson and debbie rowe

A new report claims that Katherine Jackson and Debbie Rowe have already agreed to a secret custody deal regarding Michael's children -- which includes some shocking stipulations.

According to the report, Debbie won't fight Michael's mother for custody of Prince Michael, 12, and Paris Michael Katherine, 11 -- but only if certain terms are met. First, Debbie reportedly requested supervised monthly visits with the children -- who know Rowe only as a family friend they call "Miss Debbie." Second, Michael's father Joe allegedly cannot have a hand in raising the kids.

Debbie has been holed-up at her California ranch since Jackson's death. She is expected to attend the next custody hearing on July 20.

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