EXHIBIT 10.1
EXECUTIVE PROTECTION POLICY
________________________________________________

                        ENDORSEMENT

Effective date of                        Endorsement No. 15
This endorsement:     OCTOBER 19, 1998   Company: TEXAS PACIFIC
                                         INDEMNITY COMPANY

     To be attached to and form part of
     Policy No.     8091-25-91J  DAW

Issued to:     CLUB CORPORATION INTERNATIONAL

It is agreed that with the premium charged that, Item 2 of the
Declarations is amended to read as follows:

2. Policy Period:   From 12:01 A.M. on October 19, 1998
                    To 12:01 A.M. on October 19, 2000
                    Local time at the address shown on Item 1.


ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.


Robert Hamburger
__________________________
Authorized Representative


July 2, 1999
__________________________
Date


EXECUTIVE PROTECTION POLICY
_________________________________________________

                       ENDORSEMENT

Effective date of                         Endorsement No. 16
This endorsement:     OCTOBER 19, 1998    Company: TEXAS PACIFIC
                                          INDEMNITY COMPANY

     To be attached to and form part of
     Policy No.     8091-25-91J  DAW

Issued to:     CLUB CORPORATION INTERNATIONAL


It is agreed that:

1.     The Company shall issue to the Insureds an excess policy
which follows the form of this policy, except as set forth
in paragraph three of this endorsement, if:

a.     Claims are made in two separate Policy  years and are
reported to the Company pursuant to the reporting and
notice requirements of this policy, triggering two
separate Policy Year limits of liability, and,

b.     The Parent Organization provides the Company with a
written request for such excess policy after the second
annual anniversary of the inception of this policy.

2.     Any additional premium of $124,000 shall be paid by the
Parent Organization on or before the inception date of such
excess policy.

3.     Such excess policy shall include the following terms and
conditions:

a.     The limits of liability for each coverage section of
such excess policy shall be equal to the Policy Year
limits of liability set forth in Item 2 (C) of the
declarations for the respective coverage section of
his policy. However,if a Claim is covered under both
a coverage section of the policy and such excess
or if any claim would be so covered if not for the
exhaustion of the limits of liability of this policy),
the Company's maximum aggregate liability for such
claim shall be the Policy Year Limit of Liability
set forth in Item 2(C) of the Declarations for the
applicable coverage section of this policy.

b.     The Policy Period for such for such excess policy
shall incept on the date of the Parent Organization's
written request for such policy, and shall terminate
on the same date of termination of this policy.

c.     Such excess policy shall be excess over this policy
And any policy which is written as excess over this policy.

d.     Such excess policy shall not provide coverage for any
claim made first made against any Insured, or any
facts or circumstances reported to the Company, prior
to the inception date of such excess policy as
described in paragraph 3b of this endorsement.



ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.


Robert Hamburger
__________________________
Authorized Representative


July 2, 1999
__________________________
Date


EXECUTIVE PROTECTION POLICY
_________________________________________________

                           ENDORSEMENT

Effective date of                         Endorsement No. 17
This endorsement:     OCTOBER 19, 1998    Company: TEXAS PACIFIC
                                          INDEMNITY COMPANY

     To be attached to and form part of
     Policy No.     8091-25-91J  DAW

Issued to:     CLUB CORPORATION INTERNATIONAL


It is agreed that subsection 26, Termination of Policy, is
deleted in its entirety and the following is inserted:

26.     This policy or any coverage shall terminate at the
earliest of the following times:

(A)     ten days after the receipt by the Parent
Organization of a written notice of termination
from the Company based upon failure to pay
premium due, unless such premium is received by
the Company prior to such tenth day,

(B)     at such other time as may be agreed upon by the
Company and the Parent Organization, or

(C)     upon the expiration of the Policy Period as set
forth in Item 2 of the Declarations of this policy.

     The premium charged for this policy shall be fully
Earned at inception of the Policy Period.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.


Robert Hamburger
__________________________
Authorized Representative


July 2, 1999
__________________________
Date


EXECUTIVE PROTECTION POLICY
_________________________________________________

                      ENDORSEMENT

Effective date of                          Endorsement No. 18
This endorsement:     OCTOBER 27, 1999     Company: TEXAS PACIFIC
                                           INDEMNITY COMPANY

     To be attached to and form part of
     Policy No.     8091-25-91J  DAL

Issued to:     CLUB CORPORATION INTERNATIONAL


It is agreed that:

1.     The following Insuring Clause is added:

Insured Organization Coverage - Insuring Clause 3

The Company shall pay on behalf of any Insured Organization
all Loss for which it becomes legally obligated to pay on
account of any Securities Claim first made against it
during the Policy Period or, if exercised, during the
Extended Reporting Period, for a Wrongful Act.

2.     The Definitions are amended as follows:

a.     The definitions of Claim and Wrongful Act are deleted in
their entirety and replaced with the following:

Claim Means:

(a)    For purposes of coverage under Insuring Clauses 1
or 2:

(i)    a written demand for monetary damages or non-
       monetary relief;
(ii)   a civil proceeding commenced by the service of a
       complaint or similar pleading;
(iii)  a criminal proceeding commenced by the return of
       an indictment; or
(iv)   a formal administrative or regulatory proceeding
       commenced by the filing of a notice of charges,
       formal investigative order or similar document,

   against any Insured Person for a Wrongful Act or
   Interrelated Wrongful Act, including any appeal
   therefrom;

(b)    For purposes of coverage under Insuring Clause 3:
(i)    a written demand for monetary damages or non-
       monetary relief;
(ii)   a civil proceeding commenced by the service of a
       complaint or similar pleading; or
(iii)  a criminal proceeding commenced by the return of
       an indictment;

against any Insured Organization for a Wrongful Act or
Interrelated Wrongful Act, including any
appeal therefrom.


       Wrongful Act means:

(a)    For purposes of coverage under Insuring Clauses 1
or 2, any error, misstatement, misleading
statement, act, omission, neglect, or breach of duty
committed, attempted, or allegedly committed or
attempted, by any Insured Person before or during the
Policy Period, individually or otherwise, in his
Insured Capacity, or any matter claimed against him
solely by reason of serving in such Insured Capacity;

(b)    For purposes of coverage under Insuring Clause 3,
any error, misstatement, misleading statement, act, omission,
neglect, or breach of duty committed, attempted, or allegedly
committed or attempted, by any Insured before or during the
Policy Period.

b.     The following definitions are added:

Securities Claim means any Claim which in whole or in
part, is:

(a)    based upon, arising from or in consequence of a
Securities Transaction; or

(b)    brought by or on behalf of any securities holder
of any Insured Organization.

Securities Transaction means the purchase or sale of, or
offer to purchase or sell, any securities issued by any
Insured Organization.

c.     The definitions of Insured Person and Loss are amended
by adding the following:

Insured Person also means:

(i)    For purposes of coverage under Insuring Clause 1
or 2, any past, present or future employee of
the Insured Organization, but only for Wrongful
Acts based upon, arising from or in
consequence of any Securities Transaction; and

(ii)   For purposes of coverage under Insuring Clause 3,
the Insured Organization.

Loss does not include any amount allocated to uncovered
loss pursuant to the Allocation provision. Loss includes
punitive or exemplary damages which any Insured
Organization becomes legally obligated to pay, provided
that the punitive or exemplary damages are on account of
a Securities Claim which is otherwise covered and
provided such punitive or exemplary damages are insurable
under the law pursuant to which coverage hereunder is
construed.

The law of the jurisdiction most favorable to the
insurability of those damages shall control for the
purposes of resolving any dispute between the Company and
the Insured regarding whether such damages are insurable,
provided that such jurisdiction is where:

(1)    those damages were awarded or imposed;
(2)    any Wrongful Act occurred for which such damages
       were awarded or imposed;
(3)    any Insured is incorporated or has its principal
       place of business; or
(4)    the Company is incorporated or has its principal
       place of business.

3.     The heading, Exclusions Applicable to Insuring Clauses 1
and 2, is deleted in its entirety and the
following is inserted:

Exclusions Applicable To All Insuring Clauses

4.     The Exclusions Applicable To All Insuring Clauses are
amended by adding the following to paragraph (c):

(iv)  a claim that is brought by any Insured Person
identified in section 2c(i) of this endorsement for any
Wrongful Act based upon, arising from or in
consequence of any Securities Transaction.

5.     The following additional exclusions are added:

Exclusions Applicable to Insuring Clause 3

6.1.   The Company shall not be liable under Insuring Clause
3 for Loss on account of any Claim made against any
Insured Organization:

(a)    based upon, arising from, or in consequence of
any deliberately fraudulent act or
omission or any willful violation of any statute
or regulation by any past, present or future
chief financial officer, President or Chairman
if a judgment or other final adjudication adverse
to such Insured Organization establishes such a
deliberately fraudulent act or omission or
willful violation.

6.2.   The Company shall not be liable under Insuring Clause
3 for that part of Loss, other than Defense Costs:

(a)    which is based upon, arising from, or in
consequence of the actual or proposed payment
by any Insured Organization of allegedly
inadequate or excessive consideration in
connection with its purchase of securities issued
by any Insured Organization; or

(b)    which is based upon, arising from, or in
consequence of any Insured Organization having
gained in fact any profit or advantage to which
it was not legally entitled.

6.     The second, third and fourth paragraphs of the Limit of
Liability, Deductible and Coinsurance provision, deleted
in their entirety and replaced with the following:

     The Company's maximum liability for each Loss, whether
covered under one or more Insuring Clauses, shall be the
Limit of Liability for each Loss set forth in the
Declarations. The Company's maximum aggregate liability
for all Loss on account of all Claims first made during
the same Policy Period, whether covered under one or more
Insuring Clauses, shall be the Limit of Liability for each
Policy Period set forth in the Declarations.

The Company's liability under Insuring Clause 2 or
Insuring Clause 3 shall apply only to that part of each
Loss which is excess of the Deductible Amount set forth in
the Declarations, and such Deductible Amount shall be
borne by the Insureds uninsured and at their own risk.
However, the Deductible Amount applicable to each Loss on
account of any Securities Claim shall:

(a)    apply only to that apart of Loss which constitutes
Defense Costs; and

(b)    not apply if:

(i)    a final adjudication with prejudice pursuant to
a trial, motion to dismiss or motion for
summary judgement in such Securities Claim, or

(ii)   a complete and final settlement of such Claim
with or without prejudice, establishes that
no Insured in such Securities Claim is liable
for any Loss, other than Defense Costs.

The Company shall reimburse any Insured which has funded a
Deductible Amount if such amount subsequently becomes
inapplicable based upon (i) or (ii) above.

The maximum Deductible Amount applicable to a single Loss
which is covered under more than one Insuring Clause shall
be the Deductible Amount set forth in the Declarations.

7.    The first paragraph of the Allocation provision is deleted
in its entirety and replaced with the following:

(a)   If a Securities Claim covered, in whole or in part,
under Insuring Clauses 2 or 3 results in any
Insured Person under Insuring Clause 2 of any Insured
Organization under Insuring Clause 3
Incurring both Loss covered hereunder and loss not
covered hereunder, because such Securities Claim
includes both covered and uncovered matters, the
Insureds and the Company shall allocate such amount to
Loss as follows:

(i)   100% of such amount constituting Defense Costs
shall be allocated to covered Loss; and

(ii)  100% of such amount other than Defense Costs
shall be allocated to cover Loss; and

(iii) Notwithstanding paragraphs 7(a)(i) and (ii) above,
the Insureds and the Company shall allocate that
part of Loss subject to exclusions 6.1 and  6.2
based upon the relative legal
Exposure of the Insured Person and the Insured
Organization.

(b)  If any Claim results in both Loss covered hereunder
and loss not covered hereunder, because such Claim includes
both covered and uncovered matters or is made against both
covered and uncovered parties, the Insureds and the Company
shall allocate such amount between covered Loss and uncovered
loss based upon the relative exposure of the Insureds.

8.   For purposes of coverage under Insuring Clause 3 only, the
second paragraph of the Representatives and Severability provision
is deleted in its entirety and replaced with the following:

With respect to the declarations and statements contained in
the written application(s) for coverage, all declarations
and statements contained in such application and knowledge
possessed by any Insured Person identified in the Declarations
shall be imputed to any Insured Organization to determine if
coverage is available.

9.   For purposes of coverage under Insuring Clause 3 only, the
Severability of Exclusions provision is deleted
in its entirety and replaced with the following:

With respect to the Exclusions Applicable to All Insuring
Clauses and the Exclusions Applicable To Insuring Clause 3,
only facts pertaining to and knowledge possessed by any
past, present or future chief financial officer, President
or Chairman of any Insured Organization shall be imputed to
any Insured Organization to determine if coverage is
available for such Insured Organization.

10.  For purposes of coverage for employees who are Insured
Persons pursuant to paragraph 2c(i) of this
Endorsement, the presumptive Indemnification provision is
as follows:

a.     Paragraph (b) is getting deleted in its entirety and
replaced with the following:

(b)    is permitted or required to Indemnify the
Insured Person for such Loss pursuant to common or
statuary law,

b.     The final paragraph is deleted in its entirety and
replaced with the following:

For purposes of this provision, the shareholder and
board of director resolutions of the Insured
Organization shall be deemed to provided
indemnification for such Loss to the fullest extent
Permitted by common or statutory law.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.


Robert Hamburger
__________________________
Authorized Representative


November 9, 1999
___________________________
Date


EXECUTIVE PROTECTION POLICY
________________________________________________

                          ENDORSEMENT

Effective date of                         Endorsement No. 19
This endorsement:     OCTOBER 27, 1999    Company: TEXAS PACIFIC
                                          INDEMNITY COMPANY

     To be attached to and form part of
     Policy No.     8091-25-91J  DAL

Issued to:     CLUB CORPORATION INTERNATIONAL


It is agreed that Subsection 14,  Changes in Exposure,
Acquisition or Creation of Another Organization, is deleted in
its entirety and replaced with the following:

14.     If the Insured Organization (i) acquires securities or
voting rights in another organization or creates another
organization, which as a result of such acquisition or
creation becomes a subsidiary, or (ii) acquires any
organization by merger into or consolidation with an Insured
organization, such Organization and its Insured Persons
shall be Insureds under this coverage section but only with
respect to Wrongful Acts committed, attempted, or allegedly
committed or attempted, after such acquisition or creation
unless the Company agrees, after presentation of a complete
application and  all appropriate information, to provide
coverage by endorsement for Wrongful Acts committed,
attempted, or allegedly committed or attempted, by such
Insured Persons prior to such acquisition or creation.

If the fair value of all cash, securities, assumed
indebtedness and other consideration paid by the Insured
Organization for any such acquisition or creation exceeds
25% of the total assets of the Parent Organization as
reflected in the Parent Organization's most recent audited
consolidated financial statements, the Parent Organization
shall give written notice as of such acquisition or creation
to the Company as soon as practicable together with such
information as the Company may require and shall pay any
reasonable additional premium required by the Company.

     ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.


Robert Hamburger
______________________________
Authorized Representative


November 9, 1999
___________________________________
Date


EXECUTIVE PROTECTION POLICY
_______________________________________________

                           ENDORSEMENT

Effective date of                         Endorsement No. 20
This endorsement:     OCTOBER 27, 1999    Company: TEXAS PACIFIC
                                          INDEMNITY COMPANY

     To be attached to and form part of
     Policy No.     8091-25-91J  DAL

Issued to:     CLUB CORPORATION INTERNATIONAL

It is agreed that:


1.     Section 5, Exclusions, shall be amended by adding
The following:

(g)     based upon or arising from any litigation, claims,
demands, causes of action, legal or quasi-legal
proceedings, decrees or judgements against any
Insureds, occurring prior to or pending as of
10/27/99 of which any Insureds had received
notice or otherwise had knowledge as of such date:
or (i) based upon  or arising from any subsequent
litigation, claims, demands, causes of action,
legal or quasi-legal proceedings, decrees or
judgements against any Insureds; or (ii) arising
from any act of any Insureds which gave rise to
such prior or pending litigation, claims, demands,
causes of action, legal or quasi-legal proceedings,
decrees or judgements against any Insureds.

2.     This endorsement shall only apply to the limits of liability
$15,000,000 in excess of $5,000,000 each Loss, and
$15,000,000 in excess of $5,000,000 each Policy Year.


ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.


Robert Hamburger
______________________________
Authorized Representative


November 9, 1999
___________________________________
Date


EXECUTIVE PROTECTION POLICY
_______________________________________________

                          ENDORSEMENT

Effective date of                         Endorsement No. 21
This endorsement:     OCTOBER 27, 1999    Company: TEXAS PACIFIC
                                          INDEMNITY COMPANY

     To be attached to and form part of
     Policy No.     8091-25-91J  DAL

Issued to:     CLUB CORPORATION INTERNATIONAL


It is agreed that the Limits of Liability specified in Item 3 of
the Declarations are increased as follows:

                              From               To
(a)     Each Loss            $5,000,000          $20,000,000
(b)     Each Policy Year     $5,000,000          $20,000,000

Provided, however, that the increased Limits of Liability shall
apply only to Claims first made against the Insured
on or after the effective date of this endorsement.


ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.


Robert Hamburger
______________________________
Authorized Representative


November 9, 1999
___________________________________
Date


EXECUTIVE PROTECTION POLICY
_______________________________________________

                        ENDORSEMENT

Effective date of                        Endorsement No. 22
This endorsement:     OCTOBER 27, 1999   Company: TEXAS PACIFIC
                                         INDEMNITY COMPANY

     To be attached to and form part of
     Policy No.     8091-25-91J  DAL

Issued to:     CLUB CORPORATION INTERNATIONAL


It is agreed  that:
1.     The following is added to this policy:

Investigative Costs Coverage
Insuring Clause 4

     The Company shall pay on behalf of the Insured
Organization all Investigation Costs which such Insured
Organization becomes legally obligated to pay on account
of any Shareholder Derivative Demand first made
during Policy Period or, if exercised, the Extended
Reporting Period, for Wrongful Act committed,
attempted or allegedly committed or attempted, by an
Insured Person before or during the Policy Period.

2.     Section 5, Exclusions Applicable to Insuring Clauses 1 and
2, is amended by deleting the section heading
in its entirety and inserting the following:

Exclusions Applicable to Insuring Clauses 1,2, and 4

3.     Section 8, Limit of Liability, Deductible and Coinsurance,
is amended as follows:

a.     The following is added to paragraph two:

The Company's maximum liability for all Investigation
Costs covered under Insuring Clause 4 on account
of all Shareholder Derivative Demands first made during
the same Policy Period shall be $250,000.
this is a sublimit which further limits and does not
increase the Company's maximum liability under the
policy as set forth in Item 3(B) of the Declarations.

b.     The following is added to paragraph three:

No deductible amount shall apply to Investigation Costs
covered under Insuring Clause 4.

4.     Section 11, Defense and Settlement, is amended for the
purpose of coverage under Insuring Clause 4  by
deleting the first paragraph in its entirety and inserting
the following:

Subject to this Section, it shall be the duty of the
Insured  Organization and not the duty of the Company to
investigate and evaluate any Shareholder Derivative Demand.

5. Section 28, Definitions, is amended by adding the following:

Investigation Costs means reasonable costs, charges, fees
(including but not limited to attorneys' fees and
experts' fees) and expenses (other than regular or overtime
wages, salaries or fees of the directors, officers
or employees of the Insured Organization) incurred by the
Insured Organization (including its board of directors or
any committee of the board of directors) in connection with
the investigation or evaluation of any
Shareholder Derivative Demand.

Shareholder Derivative Demand means any written demand, by one or
more shareholders of an Insured Organization, upon the board of
directors or such Insured Organization, to bring a civil
proceeding in a court of law against any Insured Person for a
Wrongful Act committed, attempted or allegedly committed or
Attempted by an Insured Person before or during the Policy
Period.

6. For purposes of coverage under Insuring Clause 4 only,

a. all references in this policy to Loss or Defense Costs shall
only mean Investigation Costs: and

b. all references in this policy to Claim or to "Claim against
any Insured Person" shall only mean any Shareholder Derivative Demand.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.


Robert Hamburger
______________________________
Authorized Representative


November 9, 1999
___________________________________
Date




EXECUTIVE PROTECTION POLICY
_______________________________________________

                        ENDORSEMENT

Effective date of                         Endorsement No. 23
This endorsement:     OCTOBER 27, 1999    Company: TEXAS PACIFIC
                                          INDEMNITY COMPANY

     To be attached to and form part of
     Policy No.     8091-25-91J  DAL

Issued to:     CLUB CORPORATION INTERNATIONAL


It is agreed that if a claim against an Insured Person includes
a claim against the Insured Person's lawful spouse solely by
reason of (i) such a spouse's status as a spouse of the Insured
Person, or (ii) such spouse's ownership interest in property
which the claimant seeks as recovery for alleged Wrongful Acts
of the Insured Person, all loss which such spouse becomes
legally obligated to pay on account of such Claim shall be
treated for purposes of this policy as Loss which the Insured
Person becomes obligated to pay on account of the Claim made
against the Insured person. All limitations, conditions,
provisions and other terms of coverage (including the deductible)
applicable to the Insured Person's Loss shall also be applicable
to such spousal loss.

The coverage extension afforded by this Endorsement does not
apply to any Claim alleging any Wrongful Act or
omission by the Insured Person's Spouse.



ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.


Robert Hamburger
______________________________
Authorized Representative


November 9, 1999
___________________________________
Date


EXECUTIVE PROTECTION POLICY
_______________________________________________

                        ENDORSEMENT

Effective date of                         Endorsement No. 24
This endorsement:     NOVEMBER 05, 1999    Company: TEXAS PACIFIC
                                          INDEMNITY COMPANY

          To be attached to and form part of
          Policy No.     8091-25-91J  DAL

Issued to:     CLUB CORPORATION INTERNATIONAL


It is agreed that:

1.     Item 7., Insured Persons, of the Declarations for this
coverage section is amended by adding the following:

and any elected or appointed officer or employees
of the Insured Organization in an Outside Directorship.

2.     Coverage provided to any Insured Person(s) in any Outside
Directorship shall:

(A)     not extend to the Outside Entity or to any director,
officer, trustee, governor or any equivalent
executive or employee of the Outside Entity, other
than the Insured Person serving in the Outside
Directorship.

(B)     be specifically excess of any indemnity (other than
any indemnity provided by the Insured Organization)
or insurance available to such Insured Person(s) by
reason of serving in the Outside Directorship,
including any indemnity or insurance available
from or provided by the Outside Entity;

(C)     not extend to Loss on connection with any Claims
made against any Insured Person(s) for a Wrongful Act
committed, attempted, allegedly committed or attempted by
such Insured Person(s) while serving in the Outside Directorship
if such Wrongful Act is committed, attempted, or allegedly
committed or attempted, after the date (i) such Insured Person(s)
ceases to be an officer or employee of the Insured Organization,
or (ii) service by such Insured Person(s) in the Outside
Directorship ceases to be with the consent or at the request of
the Insured Organization;

(D)     not extend to Loss in connection with any Claim
made against any Insured Person based upon their
service in the Outside Directorship where the Claim
is (i) by the Outside Entity, or (ii) made on
behalf of the Outside Entity and a director, officer,
trustee, governor or equivalent executive of the
Outside Entity instigates such Claim, or (ii)
brought by any director, officer, trustee, governor,
or other equivalent executive  of the Outside Entity.

3.     The total limit of  the Company's liability to pay Loss
under this coverage section, including this endorsement,
shall not exceed the amount set forth in Item 3 of the
Declarations for this coverage section. This endorsement
does not increase the Company's maximum liability set forth
in Item 3 of the Declarations for this coverage section

4.     Payment by the Company, a subsidiary or affiliate
of Chubb and Son, Inc. under another policy on account
of a Claim also covered pursuant to this endorsement
shall reduce, by the amount of the payment, the
Company's limits of liability under this policy with
respect to such Claim.

5.     Subsection 28, Definitions, of this coverage section
is amended by adding the following:

For-Profit Outside Entity means: (i) any organization
other than a subsidiary, in which 25% or more of the
outstanding securities or voting rights representing
the present right to vote for election of directors
is owned or controlled, directly or indirectly, in
any combination, by one or more Insured Organizations,
(ii) any organization, other than a Subsidiary or an
organization described in subparagraph (i) of this
definition, in which the Insured Organization acquires
securities or voting  rights for the first time during
the Policy Period, (iii) any Insured Person, including
those serving as management committee members, serving
in limited liability companies.

Not-for-profit Outside Entity means any non-profit
corporation, community chest, fund or foundation
including those exempt from federal income tax pursuant
to Section 501 (c) (3) of the Internal Revenue Code
of 1986, as amended.

Outside Directorship means any Outside Not-For-Profit
Directorship or Outside For-Profit Directorship.

Outside Entity means, collectively, all For-Profit
Outside Entities and all Not-For Profit Outside Entities.

Outside Not-for-profit Directorship means the position of
Director, officer, trustee, governor, or other equivalent
executive position with any Not-For-Profit Outside Entity
if service by the Insured Person(s) in such position was
with the knowledge and consent or at the request of the
Insured Organization.

Outside For-Profit Directorship means the position of
Director, officer, or equivalent of any For-Profit Outside
entity if service by the Insured Person(s) in such position
was with the knowledge and consent or at the request of the
Insured Organization.


ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.


Robert Hamburger
______________________________
Authorized Representative


November 24, 1999
___________________________________
Date


EXECUTIVE PROTECTION POLICY
_______________________________________________

                          ENDORSEMENT

Effective date of                         Endorsement No. 25
This endorsement:     November 05, 1999   Company: TEXAS PACIFIC
                                          INDEMNITY COMPANY

     To be attached to and form part of
     Policy No.     8091-25-91J  DAL

Issued to:     CLUB CORPORATION INTERNATIONAL


It is agreed  that  Subsection 5, "Exclusions: Exclusions
Applicable to Insuring Clause 1 and 2", is amended by adding
the following:

(h)     based upon, arising from or in consequence of a public
offering, solicitation, sale, distribution, or issuance
of Insured's stock, whether or not a prospectus has been
issued.


ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.


Robert Hamburger
______________________________
Authorized Representative


December 1, 1999
___________________________________
Date