Exhibit 10.14

          (AETNA LOGO) [y94281y9428101.gif] 151 Farmington Avenue Mary Ann
Champlin Hartford, CT 06156 Senior Vice President   Aetna Human Resources   Tel:
(860) 273-8371   Fax: (860) 560-8721

January 6, 1997

Mr. Timothy Holt

Dear Tim:

This letter will confirm our understanding regarding your eligibility for
retiree medical benefits upon termination of your employment with Aetna Inc.,
its subsidiaries and affiliates (the “Company”).

If the Company terminates your employment under circumstances which call for the
payment of severance benefits under the Company’s Severance and Salary
Continuation Benefits Plan then in effect or under the terms of your Employment
Agreement dated as of December 19, 1995, you will be eligible to elect into
retiree medical and/or retiree dental on a one time basis. Your one-time
election must be done after age 50 and prior to age 65 and will be in force on
the next January 1 or July 1 for the plan then in effect. No evidence of
insurability will be required. You will be required to pay 100% of the monthly
medical and/or dental premium each month. If you die before electing coverage,
your spouse and eligible dependents may enroll under the same conditions. Please
note that Aetna reserves the right to amend or eliminate retiree health and/or
dental benefits at any time.

You understand that this letter agreement will be governed by, construed and
enforced in accordance with the laws of the State of Connecticut without
reference to principles of conflict of laws, and may not be amended or modified
other than by written agreement executed by the parties hereto or their
respective successors or legal representatives; any litigation or other
proceeding commenced by either party to this letter agreement for the purpose,
in whole or in part, of enforcing the agreement or the parties’ respective
rights or obligations hereunder shall be commenced in the federal or state
courts of Connecticut.

This letter agreement supplements the employment agreement between you and the
Company dated December 19, 1995.

 

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Page 2
Mr. Timothy Holt
January 6,1997

If the foregoing is acceptable to you, please sign both of the original copies
of this agreement in the space indicated below and return one of the signed
originals to me.

Very truly yours,

Aetna Inc.

          By:   /s/ Mary Ann Champlin   Date: 1/20/97    

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Agreed to and Accepted

                /s/ Timothy A. Holt

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  Date: 1/31/97