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                                                                   EXHIBIT 10.16

                                December 11, 2002

Mr. Mark A. Brown
[ADDRESS]

     Re: Third Amendment of Employment Agreement dated March 6, 1998, as amended
(the "Agreement")

Dear Mr. Brown:

     This letter will confirm our agreement to further amend the Agreement as
follows:

     1.   This amendment shall be effective as of the date hereof and the
          Expiration Date shall be December 31, 2006.

     2.   In consideration for this Amendment, Paragraph 2.a, as previously
          amended, is hereby deleted in its entirety and replaced as follows:

          During the term of this Agreement, you shall be paid an annual salary
          at the rate of One Million Five Hundred Thousand ($1,500,000) Dollars
          commencing January 1, 2003, payable periodically in accordance with
          Trump's regular payroll practices. Said annual salary shall increase
          to One Million Six Hundred Thousand Dollars ($1,600,000) commencing
          January 1, 2004, to One Million Seven Hundred Thousand ($1,700,000)
          Dollars commencing January 1, 2005, and to One Million Eight Hundred
          Thousand ($1,800,000) Dollars commencing January 1, 2006.

     3.   Paragraph 13 of the Agreement dated March 6, 1998 is reinstated in its
          entirety.

     Except to the extent modified herein, you hereby ratify the Agreement and
confirm that all other such terms, conditions and obligations contained therein
remain in full force and effect as stated in the Agreement.

                                    Very truly yours,

                                             /s/ DONALD J. TRUMP
                                    ---------------------------------------
                                               DONALD J. TRUMP
                                                  Chairman
                                          Trump's Castle Associates
                                          Trump Taj Mahal Associates
                                            Trump Plaza Associates
                                              Trump Indiana, Inc.

DJT/njd

Agreed to this 11th day of December, 2002

      /s/ MARK A. BROWN
--------------------------------
        MARK A. BROWN

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Page Two

                           One Million Three Hundred Thousand ($1,300,000)
                           Dollars commencing August 1, 2003 and shall increase
                           to One Million Four Hundred Thousand ($1,400,000)
                           August 1, 2004. In the event you are not notified of
                           Trump's exercise of such option to extend said
                           Agreement as provided herein, you shall be free to
                           contact other potential employers and to discuss
                           possible employment to begin after the Expiration
                           Date.

                     b.    In the event Trump exercises its option pursuant to
                           Paragraph 13.a. and extends the Expiration Date as
                           provided therein, Trump agrees to begin negotiations
                           for any further extension or renewal of the Agreement
                           no later than January 31, 2005. You agree to notify
                           Trump within ninety (90) days of the provision of
                           said proposed extension or renewal of the Agreement
                           as to whether the proposed terms are acceptable or
                           whether you are requesting amendments or further
                           modifications. In the event you are not notified of
                           an intent to renew or extend said Agreement as set
                           forth herein, you shall be free to contact other
                           potential employers and to discuss possible
                           employment to begin after the Expiration Date.

5.       Paragraph 14.a.(ii) is hereby deleted in its entirety.

                           Except to the extent modified herein, you hereby
                           ratify the Agreement and agree that all other such
                           terms, conditions and obligations contained therein
                           remain in full force and effect as stated in the
                           Agreement.

                                               Very truly yours,

                                               /s/ Donald J. Trump
                                               -------------------
                                               DONALD J. TRUMP
                                               Chairman
                                               Trump's Castle Associates
                                               Trump Taj Mahal Associates
                                               Trump Plaza Associates
                                               Trump Indiana, Inc.

DJT/vls

Agreed to this _____ day of July, 2000

/s/ Mark A. Brown
-----------------
MARK A. BROWN