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Exhibit 10.49.1

Amendment to the
Dime Bancorp, Inc.
Stock Incentive Plan

Effective December 20, 2001

        The Dime Bancorp, Inc. Stock Incentive Plan (the "Plan") is hereby
amended in the following particulars:

1.Section 7 of the Plan is amended to add the following at the end thereof:

"Notwithstanding the foregoing, and unless otherwise prohibited by the
Committee, a Non-Qualified Option shall be transferable to Immediate Family
Members (as defined below), partnerships in which the only partners are
Immediate Family Members, or trusts established solely for the benefit of
Immediate Family Members. "Immediate Family Members" shall mean the
grandparents, parents, aunts, uncles, spouse, brothers, sisters, cousins,
children, nieces, nephews, grandchildren and great-grandchildren, and
corresponding step relations, of the optionee who holds the Non-Qualified
Option."

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Amendment to the Dime Bancorp, Inc. Stock Incentive Plan Effective December 20,
2001