$11: lvl1 AT on buttom, fold pf to a raise from BB?

Sorry the converter is not working on me now. Party $10+1, third hand into the game. Fold pre flop to the raise at BB? I think fold to the re-raise on the flop should be correct. Don't want to gamble so early in the tourny anyway, and he was representing an over pair?

***** Hand History for Game 2966284226 *****
15/30 Tourney Texas Hold'em Game Table (NL) (Tournament 17062115) - Tue Nov 01 21:14:43 EST 2005
Table Table 67139 (Real Money) -- Seat 6 is the button
Total number of players : 10
Seat 1: tigersteph (800)
Seat 2: ooltewah01 (785)
Seat 3: golfguy13002 (800)
Seat 4: oka1dbe (800)
Seat 5: LimoManSTL (785)
Seat 6: Hero (770)
Seat 7: Palmira (785)
Seat 8: peteaccount (800)
Seat 9: tholdempoker (845)
Seat 10: murph3707 (830)
Palmira posts small blind (10)
peteaccount posts big blind (15)
** Dealing down cards **
Dealt to Hero [ Ac, Td ]
tholdempoker folds.
murph3707 calls (15)
tigersteph folds.
ooltewah01 folds.
golfguy13002 folds.
oka1dbe folds.
LimoManSTL folds.
Hero calls (15)
Palmira calls (5)
peteaccount raises (35) to 50
murph3707 folds.
Hero calls (35)
Palmira folds.
** Dealing Flop ** : [ 3h, 6h, Tc ]
peteaccount bets (50)
Hero raises (150) to 150
peteaccount raises (300) to 350
Hero folds.