All known proofs of the PCP theorem rely on multiple ”composition” steps, where PCPs over large alphabets are turned into PCPs over much smaller alphabets at a (relatively) small price in the soundness error of the PCP. Algebraic proofs, starting with the work of Arora, Lund, Motwani, Sudan, and Szegedy use at least 2 such composition steps, whereas the ”Gap amplification” proof of Dinur uses Θ(logn) such composition steps. In this work, we present the first PCP construction using just one composition step. The key ingredient, missing in previous work and finally supplied in this paper, is a basic PCP (of Proximity) of size 2nε, for any ε > 0, that makes Oε(1) queries.