EXHIBIT 10.7
                                 EMPLOYMENT AGREEMENT

               This  Agreement  is dated as of June 15, 1997, between Campo
          Electronics,  Appliances  and  Computers,  Inc.  ("Company")  and
          William E. Wulfers ("Wulfers").

               1. Employment.   Wulfers will be the Company's President and
          Chief Executive Officer ("CEO"), beginning on the date hereof and
          continuing until August  31,  2000,  unless  sooner terminated as
          provided herein.  He will be appointed a director of the Company,
          which  will  use  its  best  efforts to cause him to  be  elected
          thereafter by its shareholders  during  his  employment.  He will
          also  serve as a director and/or officer of any  subsidiary.   He
          will devote  his entire time and attention during normal business
          hours to Company  business,  but  he may serve as a member of the
          Board  or  the like of any other entity  if  doing  so  does  not
          unreasonably interfere with his responsibilities.

               2. Insurance,  etc.    The  Company  will  during  Wulfers's
          employment  maintain  the  same  director  and  officer liability
          insurance for him as it has for its other officers and directors;
          and  will  use  its  reasonable  best  efforts  to  maintain  the
          exculpation  and  indemnification provisions in its Articles  and
          By-laws and, if the law permits more protection, to add it.

               3. Compensation.    The Company will provide for Wulfers for
          all services by him, the salary, bonus, stock incentive and other
          benefits described in Appendix  A,  which  will  not  be  reduced
          without  his  written consent.   He will also be  reimbursed  for
          out-of-pocket expenses  incurred  on  the  Company's behalf, upon
          presentation   of  reasonable  supporting  documentation.     All
          payments will be  net  of  applicable  withholding  for taxes and
          other required amounts ("Withholding").

               4. Disability and Death.   (a)  If Wulfers becomes Disabled,
          the  Company  may by thirty days written notice to him  terminate
          his employment  unless within such thirty days he becomes capable
          of rendering and  resumes  full  time  services  of the character
          contemplated  hereby.   If  he is terminated because  he  becomes
          Disabled, the Company will provide  him the benefits described in
          Appendix B (less Withholding).  "Disability" means:

                     (i) A condition that would  entitle  him  to  benefits
                  under the Company's long-term disability insurance policy
                  in effect at the time; or

                     (ii)  If  the Company has no such policy, his physical
                  or  mental incapacity  to  satisfactorily  discharge  his
                  duties  for  90  consecutive  days,  if  a duly qualified
                  physician chosen by the Company and acceptable  to him or
                  his  legal  representatives so certifies in writing,  and
                  the Board determines that he has become disabled.

                  (b) If Wulfers  dies  while  employed,  the  Company will
          provide   his  personal  representative(s)  and/or  beneficiaries
          designated  to the Company in writing with the benefits described
          in Appendix B (less Withholding).

               5. Termination  by Company.  If Wulfers is terminated by the
          Company  for any reason  other  than  Disability  or  Cause,  the
          Company will  pay  him the benefits described in Appendix C (less
          Withholding).  If his employment is terminated by the Company for
          Cause,  the  Company will  pay  him  the  benefits  described  in
          Appendix D (less  Withholding).   Notwithstanding  the foregoing,
          his termination after a Change of Control (as defined  in Section
          1.2  of the Company's Severance Pay Plan (the "Severance  Plan"))
          will not entitle him to any benefits pursuant to Appendix C or D,
          but instead the benefits in accordance with the Severance Plan.

               "Cause"  means  Wulfers's (i) willful and continuing failure
          to perform substantially  the  services  contemplated (other than
          because  of  his  Disability) within a reasonable  time  after  a
          written demand is delivered  to  him  by  a representative of the
          Board which specifically identifies such failure, or (ii) willful
          engaging in misconduct materially injurious to the Company.

               6. Termination by Wulfers.  (a)  If Wulfers  terminates  his
          employment  for  "Good  Reason,"  the  Company  will  pay him the
          benefits  described  in  Appendix  C.   "Good  Reason" means  the
          Company's:

                     (i)  assigning  him any responsibilities  inconsistent
                  with his status, title  or position as, or any removal or
                  failure to reappoint him  as,  President and CEO, if  the
                  same continues for ten days after  written notice thereof
                  by him to the Company;

                     (ii) failure to pay when due any  amounts hereunder or
                  to perform any of its material obligations  hereunder, if
                  the  same  continues  for  ten days after written  notice
                  thereof is given by him to the Company; or

                     (iii) requiring him to be  based  anywhere  other than
                  within  a  75-mile  radius  of the New Orleans, Louisiana
                  area except for required travel in the Company's ordinary
                  course of business.

          Wulfers's right to terminate his employment for a particular Good
          Reason shall end if the Company notifies him in writing that Good
          Reason exists specifying the applicable  provision  hereof and he
          fails to exercise such right within 60 days of actual  receipt of
          such notice.

               (b)  If  Wulfers  terminates  his  employment  without  Good
          Reason,  the  Company  will  pay  him  the  benefits described in
          Appendix D.

               7. Notice of Termination.  Any purported  notice of termina-
          tion  shall  be given in writing, and if it purports  to  be  for
          Cause  or  for Good  Reason,  it  must  specify  the  termination
          provision relied  upon  and  detail  the circumstances claimed to
          provide Cause or Good Reason.

               8. Confidentiality.  During his employment  and for 15 years
          thereafter,  Wulfers  will not disclose to anyone other  than  as
          authorized by the Company  or  as required by law or as necessary
          for him to perform his duties, any non-public data concerning the
          Company  in  his  possession,  or  any  written  list(s)  of  the
          Company's   customers,  suppliers  or  vendors,   or   use   such
          information  or   lists   for  his  personal  benefit,  and  upon
          termination  of  his  employment   he   will   deliver  any  such
          information and list(s) in his possession to the Company.

               9. Non-Competition.  If his employment is terminated  by the
          Company  for  Cause  or  by him without Good Reason, Wulfers will
          not,  for  two  years  thereafter,  directly  or  indirectly,  be
          connected in any manner  with any Competitive Business within the
          Restricted Market, in competition with the Company Business being
          carried on there, so long  as  the  Company  carries  on  a  like
          business  there,  except  for  investments  in  any publicly held
          company  of  not  more  than  one percent of the equity  interest
          thereof.  "Competitive Business"  means  any  business or line of
          business  that  (i)  in  whole  or  in  part,  is  the  same  as,
          substantially similar to, or competitive with, any facet  of  the
          Company  Business  and (ii) operates, sells, markets, competes or
          derives  revenue in the  Restricted  Market.  "Company  Business"
          means the  business  in  which  the Company is currently engaged,
          including  the retail sale and installation  of  (i)  major  home
          appliances,  (ii)  consumer  electronics  and  (iii)  home office
          products.  "Restricted Market" means the parishes in Louisiana of
          Orleans,   Jefferson,  East  Baton  Rouge,  St.  Tammany,  Caddo,
          Bossier, Ouachita  and  Calcasieu  and  all counties within other
          states,  within which the Company is then  engaged  in  Company's
          Business as specified in writing to Wulfers by the Company at the
          time of termination. This covenant shall be deemed a separate and
          divisible  covenant  in  each  state  in which it is sought to be
          enforced.

               10.  Injunctive Relief.  If Wulfers  breaches  or  threatens
          breach of Paragraph  8  or  9, the Company will be entitled to an
          injunction, without bond, restraining  him  from  violating  such
          Paragraph, in addition to any other remedy it may have.

               11.  Proprietary  Rights.  Wulfers agrees to and hereby does
          assign to the Company all  his  rights  in and to all inventions,
          business  plans,  work  models  or  procedures,  whether  or  not
          patentable, which are made or conceived  solely or jointly by him
          at any time during his employment or with the use of Company time
          or materials.  He will disclose to the Company all facts known to
          him  concerning  such  matters  and at the Company's  expense  do
          everything reasonably practicable  to  aid  it  in  obtaining and
          enforcing proper legal protection for, and vesting in the Company
          title  to,  such matters.  At any time, at the Company's  request
          and expense,  he  will  promptly execute a specific assignment of
          title  to the Company, and  perform  any  other  acts  reasonably
          necessary to implement the foregoing assignment.

               12.  Representations and Warranties.  Wulfers represents and
          warrants  that   he   is   under  no  restriction  or  obligation
          inconsistent  with  the  execution   of  this  Agreement  or  the
          performance of his obligations hereunder,  nor  any  physical  or
          mental  disability  that  would  hinder  the  performance  of his
          obligations hereunder.

               13.  Binding  Effect.  This Agreement is subject to approval
          by, and the Company  shall  take all necessary steps available to
          have  it  approved  as  soon  as  practicable   by,  the  federal
          bankruptcy  court  pursuant to Chapter 11 of the U.S.  Bankruptcy
          Code.  Upon such approval,  it shall be binding upon and inure to
          the benefit of:

                  (a) The Company, and  any  successors or assigns, whether
          by  way  of  a merger or consolidation,  or  a  sale  of  all  or
          substantially  all  of  its  assets,  or  otherwise;  but, if the
          Company  assigns  this  Agreement,  it  shall nevertheless remain
          liable to Wulfers in accordance with its terms; and

                  (b)  Wulfers, his estate, his executors,  administrators,
          heirs and beneficiaries,  none  of  whom  shall  be  permitted to
          assign this Agreement or any rights or obligations hereunder.

               14.  Expenses  for  Contests.   The  Company  will  pay   as
          incurred,  to  the  extent permitted by law, all reasonable time-
          based legal fees and expenses which Wulfers may incur as a result
          of any contest of the validity or enforceability of, or liability
          under, any provision  hereof,  but if it is determined by a court
          that the position of Wulfers in  any such contest is unreasonable
          or frivolous, he must reimburse the  Company  for  any  fees  and
          expenses so paid by it.

               15.  Notices.   Any  notice  required  hereunder shall be in
          writing, shall be deemed to have been received  when delivered in
          person, or, if mailed, shall be deemed to have been  received  on
          the third business day after it is deposited in the United States
          mail,  first  class,  registered  or  certified,  return  receipt
          requested, with proper postage prepaid, and shall be addressed as
          follows:

          -----------------------------------------------------------------
          If   to   the  Company,         with a copy to:
          addressed to:
                                          
          Board of Directors              Barbara Treuting Casteix, Esq.
          Campo Electronics,              Barrios Kingsdorf & Casteix, L.L.P.
          Appliances and Computers, Inc.
          109 Northpark Blvd., 5th Floor  701 Poydras Street, Suite 3650
          Covington, LA 70433             New Orleans, LA 70139
          -----------------------------------------------------------------

               If to Wulfers, addressed to William E. Wulfers, 300
          Linebarger, Bentonville, AR  72712.

          or such other address as to which any party may have notified the
          other in writing.

               16. Governing Law.  This Agreement shall be governed by
          Louisiana law.

               17. Entire Understanding; Waiver.  This Agreement, including
          the Appendices,  all of which are herein incorporated by
          reference and made a part hereof, contain the entire understand-
          ing between Wulfers and the Company relating to his employment.
          No provision hereof or the Appendices may be modified, amended or
          waived except in a writing signed by both parties.  The waiver by
          either party of a breach of any provision hereof shall not
          operate or be construed as a waiver of any subsequent breach
          thereof.

               18. Severability.  If any provision hereof, or its
          application to any person or circumstance, shall at any time or
          to any extent be invalid or unenforceable, the remainder of this
          Agreement, or the application of such provision to persons or
          circumstances other than those as to which it is held invalid or
          unenforceable, shall not be affected thereby and each provision
          shall be valid and enforced to the fullest extent permitted by
          law.

               19. Non-Exclusivity.  No remedy specified herein is
          exclusive.

               20. Mitigation.  Wulfers shall not be required to mitigate
          damages, nor shall the amount of any payment provided for
          hereunder be reduced by any compensation earned by him from
          another employer.

               21. Continuation.  The terms hereof shall not be
          automatically continued beyond termination of this Agreement even
          if Wulfers's employment continues thereafter.  Any continuation
          of this Agreement shall only be by express written agreement of
          Wulfers and the Company.

                                   CAMPO ELECTRONICS, APPLIANCES
                                   AND COMPUTERS, INC.


                                   By:  /s/ RON FORMAN
                                Title:  Chairman, ManagementCommittee and
                                        Member, Compensation Committee

                                   /s/ WILLIAM E. WULFERS
                                            William E. Wulfers


                      

                                      APPENDIX A

          Salary

               Wulfers shall be paid bi-weekly a salary at an annualized
          rate of $300,000.

          Bonus

                 For the fiscal year ending August 31, 1997, Wulfers shall
                 be entitled to a bonus of $20,833.

                 For the fiscal year ending August 31, 1998, Wulfers shall
                 be entitled to a bonus of $100,000.

                 For each of the fiscal years ending August 31, 1999 and
                 2000, Wulfers shall be entitled to a bonus equal to $500
                 per basis point of pre-tax net profit margin as derived by
                 dividing the Company's pre-tax net profit (without taking
                 into account any extraordinary items of income or expense)
                 by the Company's gross revenues.  For example, if gross
                 sales are $200,000,000 and pre-tax net profit is
                 $2,000,000 then profit margin equals 100 basis points and
                 the bonus due is $50,000.

                 Any bonus payable pursuant to this Appendix A shall be
                 paid in cash not later than the tenth day following the
                 date the audited financial statements for the period to
                 which such bonus relates have been completed.

          Other Benefits

          A.   Restricted Stock Award

                 On the date hereof, Wulfers shall be given 100,000 shares
                 of Campo restricted common stock, of which 60,000 shares
                 shall be vested immediately upon grant, an additional
                 30,000 shares shall vest on the first anniversary date of
                 the Agreement, and 10,000 shares shall vest on the second
                 anniversary date of the Agreement.  Such shares shall be
                 granted pursuant to the Company's Stock Incentive Plan and
                 a Restricted Stock Agreement.

          B.   Stock Options

                 Employee shall be granted stock options for Campo common
                 stock as follows:

                 Date hereof ............. Options for 100,000 shares
                 First Anniversary Date....Options for 100,000 shares
                 Second Anniversary Date...Options for 100,000 shares

                 No option granted hereunder shall vest and become
                 exercisable by Wulfers until August 31, 2000.  All options
                 shall have an exercise price equal to the fair market
                 value of a share of Campo common stock as of the date
                 immediately preceding the date the option is granted as
                 provided in the Stock Incentive Plan.  All Stock Options
                 shall be granted pursuant to the Company's Stock Incentive
                 Plan, as it will be amended, and a Stock Option Agreement
                 to be entered into with Wulfers.

          C.   Vacation

                 Wulfers shall be entitled to four weeks of non-cumulative
                 paid vacation time per year of employment.

          D.   Medical Benefits

                 Until such time as the relocation of Wulfers's family to
                 the New Orleans area is complete, he shall have the option
                 of either (i) continuing to be insured under the health
                 insurance policy of his spouse, in which case he shall be
                 reimbursed in an amount up to $376.40 per month in
                 connection with his payment of any health insurance
                 premiums owed to the health insurer by his spouse or (ii)
                 electing to be covered, at the Company's sole expense,
                 under the health insurance program made generally
                 available by the Company to its executive officers.
                 Following relocation, only the second option of the
                 foregoing sentence shall be available to Wulfers.

          E.   Moving Expenses

                 Wulfers shall be reimbursed for actual and reasonable
                 moving expenses, incurred in connection with the
                 relocation of his family to the New Orleans area,
                 appropriately invoiced to the Company.

          F.   Automobile

                 Wulfers shall be paid $500 per month for an allowance for
                 car expenses.  Additionally, Wulfers shall be reimbursed
                 for automobile mileage incurred for Company business
                 travel at the mileage rate customarily paid by the Company
                 to employees for such travel, not to exceed the IRS
                 authorized rate.

          G.   Life Insurance

                 On or before August 31, 1997, the Company shall have
                 obtained (and thereafter maintain), at its expense, a
                 double indemnity term life insurance policy in the amount
                 of $500,000 insuring the life of Wulfers and naming his
                 spouse as the beneficiary thereof.

          H.   Housing Allowance

                 Wulfers shall be given a housing allowance of $2,000 per
                 month, which allowance shall continue until the earlier of
                 (i) the date his family relocates to the New Orleans area
                 or (ii) December 31, 1998.

          I.   Travel Expenses

                 Until such time as Wulfers's family relocates to the New
                 Orleans area, he shall be reimbursed for his travel
                 expenses between New Orleans and his current home, up to a
                 maximum of $15,000 in the aggregate.

          J.   Other Benefits

                 Wulfers shall be designated as a participant in the
                 Company's Severance Pay Plan and Summary Plan Description
                 (the "Severance Plan") and shall be eligible to
                 participate in any other benefit program provided by the
                 Company from time to time to its executive officers
                 generally.

          

                                      APPENDIX B

                             DEATH OR DISABILITY BENEFIT


               Payment within not less than 30 days from the date of
          termination of (a) his salary and benefits through the date of
          termination to the extent not already paid, and (b) an amount
          equal to the salary he would have received had his employment
          terminated six months after its actual termination.


                        

                                      APPENDIX C

                                      SEVERANCE


               Payable within 30 days after termination of employment:  (a)
          his salary and benefits through the date of termination to the
          extent not already paid, and (b) an amount equal to the salary he
          would have received had his employment terminated six months
          after its actual termination


          

                                      APPENDIX D

                                     TERMINATION


               Payment within not less than 30 days from the date of
          termination of his salary through the date of termination, to the
          extent not previously paid.