EXHIBIT 10.2
                           EMPLOYMENT AGREEMENT

        Employment Agreement dated as of December 11, 1997 between
   Donald W. Hanigan (the "Executive") and Multigraphics, Inc., A
   Delaware corporation (the "Company") with its principal office at
   431 Lakeview Court, Mount Prospect, Illinois  60056.

        WHEREAS, the Company desires to employ the Executive as its Vice
   President in charge of the former Hanley Graphics business, and the
   Executive desires to accept such employment, upon the terms and
   conditions hereinafter set forth;

        WHEREAS, Executive's employment and the agreements hereunder are
   expressly ancillary to the sale by Executive to the Company of the
   Hanley Graphics business;

        NOW, THEREFORE, in consideration of the agreements and covenants
   contained herein, the Executive and the Company hereby agree as
   follows:

                            ARTICLE I
                            Employment

        Section 1.01.  Position; Term; Responsibilities.  The Company
   shall employ the Executive as its Vice President effective December
   11, 1997 (the "Commencement Date"), and shall perform such
   executive and administrative duties for the Company and its
   subsidiaries and affiliates as may from time to time be authorized or
   directed by the President and CEO of the Company or the Board of
   Directors of the Company (including any committees thereof, "the
   Board").  The Executive agrees to be employed by the Company in such
   capacity subject to all the covenants and conditions hereinafter set
   forth.

        Section 1.02.  Duties.  During Executive's Employment hereunder,
   the Executive shall perform faithfully the duties assigned to him
   hereunder to the best of his abilities and devote his full and
   undivided business time and attention to the transaction of the
   Company's business and not engage in any other business activities
   except with the approval of the Board.  The previous sentence shall
   not preclude the Executive from listing for sale and selling his
   office and warehouse facility in Itasca, IL, winding up the affairs
   of the former Hanley Graphic Products Company (and the Company agrees
   to make Jim Tucker reasonably available to assist in such windup,
   provided such activities do not materially interfere with Mr.
   Tucker's responsibilities), or participating in the affairs of any
   governmental, educational or other charitable institution so long as
   the Board does not determine in good faith that such activities
   unreasonably interfere with the business of the Company or the
   performance by Executive of his duties hereunder.

   <PAGE>
                            ARTICLE II
                            Compensation

        Section 2.01.  Basic Compensation.  As compensation for his
   services hereunder, the Company shall pay to the Executive an annual
   salary of $175,000, payable in installments in accordance with the
   Company's normal payment schedule for senior management of the
   Company.  The Executive's salary may be increased from time to time
   above the Base Salary at the discretion of the Board.  The
   Executive's annual salary in effect from time to time under this
   Section 2.01 is hereinafter called his "Base Compensation".        
   
   Section 2.02.  Incentive Compensation. Determination of Amount.
   In addition to his Base Compensation, the  Executive shall be
   entitled to earn as incentive compensation (Incentive            
   Compensation), in respect of each fiscal year of the Company, an
   amount determined and payable in accordance with the Company's
   Executive Incentive Compensation Plan or a replacement plan
   established by the Board (collectively, an  Incentive Plan); with
   a target bonus of 40% of his Base Compensation and a Maximum of 80%
   of his Base Compensation, provided, however, that the Executive shall
   not be entitled to receive Incentive Compensation in respect of any
   portion of a fiscal year during which the Executive's employment is
   terminated as a result of a Voluntary Termination or a termination by
   the Company for "Cause".  A "Voluntary Termination" shall mean the
   voluntary termination by Executive of his employment with the Company
   (other than by expiration of the term of this Agreement, as provided
   below).  "Cause" is defined in Section 3.04 below.  Notwithstanding
   any language in such bonus plan to the contrary, Executive shall be
   entitled to receive a partial (pro-rata) bonus for those portions of
   fiscal year 1998 and 2001 which fall within the term of this
   Agreement, provided Executive has not terminated his employment
   during such periods as a result of a Voluntary Termination or a
   termination by the Company for Cause. A copy of Executive's fiscal
   year 1998 Executive Incentive Compensation Plan, which has been
   approved by the Company's Board, is attached hereto.

        Section 2.03.  Stock Option Stock Award.  (A)  The Company shall
   grant to the Executive, effective on the date of execution of this
   Agreement, a nonqualified stock option under the Internal Revenue
   Code of 1986, as amended (the "Code"), pursuant to the Company's
   1994 Long-Term Incentive Plan (the "LTIP") to purchase  2000 shares 
   of Common Stock at an exercise price equal to the closing price of the 
   Common Stock on the American Stock Exchange on such date.  Such stock 
   option shall expire ten years after its grant date, and shall become 
   exercisable as to 33-1/3% of the shares subject to such options on each 
   of the first, second and third anniversaries of its date, subject to 
   earlier vesting as provided in the LTIP.  By its execution of this 
   Agreement, the Company hereby represents and warrants that such stock 
   option award has been duly approved by the Management and Compensation 
   Committee of the Board.  A copy of the form of Stock Option Agreement, 
   which has been approved by the Company's Board,  is attached hereto

   Section 2.04.  Term.  Employment hereunder shall commence on the
   Commencement Date and shall continue through December 31, 2000  (the
   "Employment Period")
   <PAGE>
   Section 2.05.  Other Employee Benefits.  The Executive shall be
   entitled to participate in all employee benefit plans and to receive
   all other fringe benefits as are from time to time made generally
   available to Vice Presidents of the Company; (except for any
   severance plans or policies which may be in effect at any time, which
   are expressly waived by Executive in favor of the benefits set forth
   herein).  As of the date hereof, such plans include a 401(k) plan, an
   automobile allowance program, an executive universal life insurance
   program, an executive long-term disability plan and a supplemental
   executive health plan.  In addition, the Executive shall be entitled
   to take time off for vacation or illness in accordance with the
   Company's policies with respect thereto established from time to time
   with respect to its senior management.  Executive shall have 5 weeks
   of vacation each year.


   Section 2.06.  Expense Reimbursements.  The Company shall
   reimburse the Executive for all proper expenses incurred by him in
   the performance of his duties hereunder in accordance with the
   policies and procedures established by the Board.

   Section 2.07.  Health Insurance.  Following the termination of
   Executive's employment for any reason, the Executive and his spouse
   may, at Executive's own expense, continue in any of the Company's
   health insurance plans (or such successor plans as may be effect from
   time to time) until their respective 65th birthdays.  The Company
   will use its reasonable best efforts to keep the Executive and his
   spouse eligible for coverage under the Company's plans.  If Executive
   or his spouse cannot be covered under any of the Company's plans, as
   in effect from time-to-time, the Company will arrange alternative
   coverage comparable to the health plans in effect for the Company at
   such time, and the Company will pay to Executive any amounts in
   excess of the amounts Executive would be required to pay under the
   comparable plan of the Company.

                                ARTICLE III
                         Termination of Employment

        Section 3.01.  Termination.  The Company may terminate
   Executive's employment at any time for "Cause".  Executive may
   terminate Executive's employment hereunder at any time for any reason
   (i.e. a Voluntary Termination).  In either such event, Executive
   shall be entitled to receive any accrued but unpaid compensation
   under Sections 2.01 and 2.02 hereof, and any unreimbursed expenses
   under Section 2.06.  In the event of Executive's Voluntary
   Termination on or prior to December 31, 1998, Executive will not
   receive any of the Earnout for the period ended June 30, 1999 under
   Section 4.2(d) of the Asset Purchase Agreement.

        Section 3.02.  Death or Incapacity.  In the event of the death
   of the Executive during the Employment Period, his Designated
   Successors (as hereinafter defined) shall be entitled to receive any
   accrued and unpaid compensation under Sections 2.01 and 2.02 and any
   unreimbursed expenses under Section 2.06.
   <PAGE>
        Section 3.04.  Definitions of Terms.   Cause ``shall mean ''
   embezzlement or misappropriation of corporate funds, other
   significant act of dishonesty or illegality, willful refusal to
   perform or substantial disregard of the duties properly assigned
   pursuant to Article I or significant violation of any statutory or
   common law duty of loyalty to the Company.   Notwithstanding the
   foregoing, the Executive shall not be deemed to have been terminated
   for Cause unless and until there shall have been delivered to the
   Executive a copy of a resolution duly adopted by the affirmative vote
   of not less than a majority of the entire Board of Directors of the
   Company called and held for the purpose (after reasonable notice to
   the Executive and an opportunity for the Executive, together with his
   counsel, to be heard before the Board), finding that in the good
   faith opinion of the Board, the Executive engaged in the conduct set
   forth above in this section 3.03 and specifying the particulars
   thereof in reasonable detail.   Designated Successors of Executive
   shall mean the executors, administrators or other legal
   representatives of Executive (in such order of priority) as the
   Executive may have designated in a written instrument filed with the
   Secretary of the Company.  "Incapacity" shall mean such physical or
   mental condition of the Executive as is expected to continue
   indefinitely and which renders the Executive incapable or performing
   any substantial portion of the duties contemplated hereby.
                                    
                                ARTICLE IV
                 Noncompetition; Confidential Information

        Section 4.01.  Noncompetition.  Executive expressly agrees that,
   in view of the fact that this Agreement is ancillary to the sale of a
   business, that during the Employment Period and for a period of three
   additional years thereafter, except with the prior written consent of
   the Board, the Executive:

        (A)  shall not engage in any activities whether as employer,
   proprietor, partner, equity holder (other than the holder of less
   than 5% of the stock of a corporation the securities which are traded
   on a national securities exchange or quoted on NASDAQ), director,
   officer, employee, consultant, agent or otherwise, in competition
   with (1) the businesses conducted at the date hereof by the Company
   or any of its subsidiaries or any of its affiliates controlled
   directly or indirectly by the Company (the Company, its subsidiaries
   and such controlled affiliates being collectively referred to as the
   "Managed Companies"), or (2) any business in which the Executive is
   substantially engaged at any time during the Employment Period;

        (B)  shall not solicit, in competition with the Managed
   Companies, any person who is a customer of the businesses conducted
   by the Managed Companies at the date hereof or of any business in
   which the Managed Companies are substantially engaged at any time
   within the last eighteen months of  the Employment Period; and

        (C)  shall not induce or attempt to persuade any management or
   sales employee of the Managed Companies to terminate his or her
   employment relationship.

        Section 4.02.  Trade Secrets.  The Executive shall not, at any
   time during the Employment Period or thereafter, make use of any
   trade secrets, confidential or proprietary information of any of the
   Managed Companies (collectively, "Confidential Information"), except
   in the course of performing his duties hereunder, nor divulge any
   Confidential Information, except to the extent that such information
   becomes a matter of public record, is published in a newspaper,
   magazine or other periodically available to the general public or as
   the Board may so authorize in writing.  When the Executive shall
   cease to be employed by the Company, the Executive shall surrender to
   the Company all records and other documents of the Managed Companies
   <PAGE>
   obtained by him or entrusted to him during the course of his
   employment (together with all copies thereof); provided, however,
   that the Executive may retain copies of such documents as necessary
   for the Executive's personal records for federal and state income tax
   purposes.

        Section 4.03.  Scope of Covenants; Remedies.  The following
   provisions shall apply to the covenants of the Executive contained in
   Sections 4.01 and 4.02:

        (a)  the covenants contained in paragraphs (A) and (B) of
   Section 4.01 shall apply within all territories in which any of the
   Managed Companies are actively engaged in the conduct of business
   during the Employment Period, including, without limitation, the
   territories in which customers are then being solicited;

        (B)  without limiting the right of the Company to pursue all
   other legal and equitable remedies available for violation by the
   Executive of the covenants contained in Sections 4.01 and 4.02, it is
   expressly agreed by the Executive and the Company that such other
   remedies cannot fully compensate the Company for any such violation
   and that the Company shall be entitled to injunctive relief to
   prevent any such violation or any continuing violation thereof;

        (C)  each party intends and agrees that if any action before any
   court or agency legally empowered to enforce the covenants contained
   in Sections 4.01 and 4.02 any term, restriction, covenant or promise
   contained therein is found to be unreasonable and accordingly
   unenforceable, then such term, restriction, covenant or promise shall
   be deemed modified to the maximum extent necessary to make it
   enforceable by such court or agency; and

        (D)  the covenants contained in Sections 4.01 and 4.02 shall
   survive the conclusion of the Executive's Employment by the Company.

        (E)  the parties hereto consent to the jurisdiction of the state
   of Illinois in the event of any dispute under Section 4.01 and 4.02
   including, without limitation, any proceeding seeking equitable
   relief enforcing the covenants contained herein.


                                 ARTICLE V
                               Miscellaneous

        Section 5.01.  Notices.  Any notice or request required or
   permitted to be given hereunder shall be sufficient if in writing and
   delivered personally or sent by registered mail, postage prepaid and
   return receipt requested, as follows:  if to the Executive, to his
   address as set forth in the records of the Company, and if to the
   Company, to its address hereinabove set forth, or to any other
   address designated by either party by notice similarly given.  Such
   notice shall be deemed to have been given upon the receipt thereof.

        Section 5.02.  Arbitration; Enforcement Expenses.
   <PAGE>
             (A)  Any controversy or claim arising out of this
        Agreement, or breach thereof, except any claim or breach under
        Sections 4.01 and 4.02 hereof shall be settled by arbitration in
        the Chicago metropolitan area in accordance with the laws of the
        State of Illinois by three disinterested arbitrators, one of
        whom shall be appointed by the Company, one by the Executive,
        and the third of whom shall be appointed by the first two
        arbitrators.  If the third arbitrator cannot be agreed upon, the
        third arbitrator shall be appointed by the sitting motions judge
        of the Federal District Court for the Northern District of
        Illinois.  The arbitration shall be conducted in accordance
        with the rules of the American Arbitration Association, except
        with respect to the selection of arbitrators.  The arbitrators'
        determination shall be final and binding upon all parties and
        judgment upon the award rendered by the arbitrators may be
        entered in any court having jurisdiction thereof.

             (B)  The Company shall pay to the Executive all reasonable
        out-of-pocket expenses, including reasonable attorneys' fees,
        court costs and arbitration costs, incurred by the Executive in
        connection with any arbitration proceeding referred to in
        subsection (A) above brought by Executive to enforce his rights
        under this Agreement if Executive is the prevailing party in
        such proceeding.

        Section 5.03.  Assignment and Succession.  The rights and
   obligations of the Company under this Agreement shall inure to the
   benefit of and be binding upon its successors and assigns, and the
   Executive's rights and obligations hereunder shall inure to the
   benefit of and be binding upon his Designated Successors.

        Section 5.04.  Headings.  The Article, Section paragraph and
   subparagraph headings are for convenience of reference only and shall
   not define or limit the provisions hereof.

        Section 5.05.  Applicable Law.  this Agreement shall at all
   times be governed by and construed, interpreted and enforced in
   accordance with the laws of the State of Illinois.

        Section 5.06.  Entire Agreement.  This Agreement represents the
   entire agreement among the parties hereto with respect to the
   employment of the Executive, except as specifically provided herein,
   and supersedes all previous agreements, policies and understandings
   between the Executive and the Company with respect to Executive's
   employment.

        IN WITNESS WHEREOF, the Company has caused this Agreement to be
   signed by its duly authorized officer and the Executive has signed
   this Agreement as of the day and year first above written.
                            MULTIGRAPHICS, INC.

                            By:  /s/ Thomas D. Rooney,
                            President and CEO


                            EXECUTIVE

                            By:  /s/ Donald W. Hanigan

                                                            EXHIBIT 10.2

                           EMPLOYMENT AGREEMENT

        Employment Agreement dated as of December 18, 1997 between Keith
   E. Stewart (the "Executive") and Multigraphics, Inc., A Delaware
   corporation (the "Company") with its principal office at 431
   Lakeview Court, Mount Prospect, Illinois  60056.

        WHEREAS, the Company desires to employ the Executive as its
   corporate Vice President and Chief Executive Officer of Publishing
   Solutions, Inc. ("PS"), and the Executive desires to accept such
   employment, upon the terms and conditions hereinafter set forth;

        WHEREAS, Executive's employment and the agreements hereunder are
   expressly ancillary to the sale by Executive of  50% of the issued
   and outstanding shares of capital stock of PS pursuant to the terms
   of that certain Stock Purchase Agreement of even date herewith among
   the Company, Executive and Mr. Ray T. Leach (the "Stock Purchase
   Agreement"); and

        WHEREAS, the Executive's employment hereunder is expressly a
   condition to the aforementioned sale of capital stock of PS and the
   parties agree that Executive's services hereunder are essential to
   the performance of the PS business from and after the sale of stock;

        NOW, THEREFORE, in consideration of the agreements and covenants
   contained herein, the Executive and the Company hereby agree as
   follows:

                            ARTICLE I
                            Employment

        Section 1.01.  Position; Term; Responsibilities.  The Company
   shall employ the Executive as its Corporate Vice President and Chief
   Executive Officer of PS, effective December 18, 1997 (the
   "Commencement Date"), and the Executive shall perform such
   executive and administrative duties for the Company, PS and their
   affiliates as may from time to time be authorized or directed by the
   President and CEO of the Company or the Board of Directors of the
   Company (including any committees thereof, "the Board").  The
   Executive agrees to be employed by the Company in such capacity
   subject to all the covenants and conditions hereinafter set forth.

        Section 1.02.  Duties.  During Executive's Employment hereunder,
   the Executive shall perform faithfully the duties assigned to him
   hereunder to the best of his abilities and devote his full and
   undivided business time and attention to the transaction of the
   Company's business and not engage in any other business activities
   except with the approval of the Board.  The previous sentence shall
   not preclude the Executive from participating in the affairs of any
   governmental, educational or other charitable institution so long as
   the Board does not determine in good faith that such activities
   unreasonably interfere with the business of the Company or the
   performance by Executive of his duties hereunder.
   <PAGE>
                            ARTICLE II
                            Compensation

        Section 2.01.  Basic Compensation.  As compensation for his
   services hereunder, the Company shall pay to the Executive an annual
   salary of $150,000, payable in installments in accordance with the
   Company's normal payment schedule for senior management of the
   Company.  The Executive's salary may be increased from time to time
   above the Base Salary at the discretion of the Board.  The Executive's 
   annual salary in effect from time to time under this Section 2.01 is 
   hereinafter called his "Base Compensation".

        Section 2.02.  Incentive Compensation.   Commencing January 1,
   2000, in addition to his Base Compensation, the Executive shall be
   entitled to earn as incentive compensation (Incentive "Compensation"),
   in   respect  of  each  fiscal  year  of  the  Company, an
   amount determined and payable in accordance with the Company's
   Executive Incentive Compensation Plan or a replacement plan
   established by the Board (collectively, an  Incentive Plan ); with
   a target bonus of 30% of his Base Compensation and a Maximum of 60%
   of his Base Compensation, provided, however, that the Executive shall
   not be entitled to receive Incentive Compensation in respect of any
   portion of a fiscal year during which the Executive's employment is
   terminated as a result of a Voluntary Termination or a termination by
   the Company for "Cause", and Incentive Compensation shall be
   payable in accordance with the terms of the applicable plan approved
   by the Board from time to time; provided, however, that Executive
   shall be entitled to earn Incentive Compensation for the partial
   fiscal year commencing January 1, 2000 and ending on July 31, 2000
   notwithstanding any provision in the applicable plan to the contrary.
   A " Voluntary Termination" shall mean the voluntary termination by
   Executive of his employment with the Company.  Cause is defined in
   Section 3.03 below.

        Section 2.03.  Stock Option Award.  The Company shall grant to
   the Executive, effective on the date of execution of this Agreement,
   a nonqualified stock option under the Internal Revenue Code of 1986,
   as amended (the "Code"), pursuant to the Company's 1994 Long-Ter  Code
   Incentive Plan (the "LTIP") to purchase 20,000 shares of Common Stock 
   at an exercise price equal to the closing price of the Common Stock on 
   the American Stock Exchange on such date.  Such stock option shall 
   expire ten years after its grant date, and shall become exercisable as 
   to 33-1/3% of the shares subject to such options on each of the first, 
   second and third anniversaries of its date, subject to earlier vesting 
   as provided in the LTIP.

        Section 2.04.  Term.  Employment hereunder shall commence on the
   Commencement Date and shall continue through December 31, 2002.
   Notwithstanding the term of this Agreement, the actual period of
   Executive's employment hereunder shall be referred to as the
   Employment Period."
   <PAGE>
        Section 2.05.  Other Employee Benefits.  The Executive shall be
   entitled to participate in all employee benefit plans and to receive
   other fringe benefits as are from time to time made generally
   available to Vice Presidents of the Company; (including, commencing
   January 1, 2000, any severance plans or policies which may be in
   effect from time to time).  As of the date hereof, such plans include
   a 401(k) plan, an automobile allowance program, an executive
   universal life insurance program, an executive long-term disability
   plan and a supplemental executive health plan.  In addition, the
   Executive shall be entitled to take time off for vacation or illness
   in accordance with the Company's policies with respect thereto
   established from time to time with respect to its senior management.
   Executive shall have 3 weeks of vacation each year.

        Section 2.06.  Expense Reimbursements.  The Company shall
   reimburse the Executive for all proper expenses incurred by him in
   the performance of his duties hereunder in accordance with the
   policies and procedures established by the Board.

                                ARTICLE III               
                          Termination of Employment

        Section 3.01.  Termination.  This Agreement, and Executive's
   employment hereunder, may be terminated under the following
   circumstances:

        (A)  By the Company at any time for Cause.

        (B)  By the Executive at any time on or prior to December 31,
   1999 for any reason.

        (C)  By the Executive at any time on or after January 1, 2000
   for any reason.

        (D)  By the Company at any time for any reason on or after
   January 1, 2000.

        (E)  Upon the death or Incapacity of Executive.

   In the event of a termination under Subsection (A) or (B) of this
   Section 3.01,  Executive shall be entitled to receive any earned but
   unpaid compensation under Sections 2.01 and 2.02 hereof, and any
   unreimbursed expenses under Section 2.06.  In either such event,
   Executive shall forfeit any right to his portion of the "Earn-Out"
   payable under Sections 2.1(b) or 2.1(c) of the Stock Purchase
   Agreement.  In the event of a termination under Subsection (C), (D)
   or (E) of this Section 3.01,  Executive shall be entitled to receive
   any earned but unpaid compensation under Sections 2.01 and 2.02
   hereof, and any unreimbursed expenses under Section 2.06,  and shall
   thereafter be paid any portions of any "Earn-Out" payable to 
   Executive under Sections 2.1(b) and 2.1(c) of the Stock Purchase
   Agreement which are earned under such Sections..

        Section 3.02.  Death or Incapacity.  In the event of the death
   of the Executive during the Employment Period, his Designated
   Successors (as hereinafter defined) shall be entitled to receive any
   amounts payable under Section 3.01 hereof.
   <PAGE>
        Section 3.03.  Definitions of Terms.  "Cause" shall mean
   embezzlement or misappropriation of corporate funds, other
   significant act of dishonesty or illegality, misconduct resulting in
   harm to the Company, material breach of the covenants contained in
   Articles IV and V of this Agreement,  or willful refusal to perform
   or disregard of the duties properly assigned pursuant to Article I.
   Notwithstanding the foregoing, through December 31, 1999 (the final
   measurement date for the Earn-Out provisions contained in Sections
   2.1(b) and (c) of the Stock Purchase Agreement), the Executive shall
   not be deemed to have been terminated for Cause unless and until
   there shall have been delivered to the Executive a copy of a
   resolution duly adopted by the affirmative vote of not less than a
   majority of the entire Board of Directors of the Company called and
   held for the purpose (after reasonable notice to the Executive and an
   opportunity for the Executive, together with his counsel, to be heard
   before the Board), finding that in the good faith opinion of the
   Board, the Executive engaged in the conduct set forth above in this
   section 3.03 and specifying the particulars thereof in reasonable
   detail.  "Designated Successors" of Executive shall mean the
   executors, administrators or other legal representatives of Executive
   (in such order of priority) as the Executive may have designated in a
   written instrument filed with the Secretary of the Company.
   "Incapacity" shall mean such physical or mental condition of the
   Executive as is expected to continue indefinitely and which renders
   the Executive incapable or performing any substantial portion of the
   duties contemplated hereby.
                                    
                                ARTICLE IV

      Trade Secrets, Proprietary Information and Return of Materials

        Section 4.01.  Trade Secrets.  Executive acknowledges that, by
   reason of Executive's duties, Executive will have access to and
   become informed of proprietary, non-public information relating to
   the Company as well as other confidential business and technical
   information and trade secrets ( Proprietary Informatio),
   including, without limitation, the following:

        (a)  With respect to the Company and its affiliates, (i) service
        specifications, schematics, designs, procedures, practices,
        testing methods, concepts for new or improved services and other
        service data; (ii) sources of supply and potential sources of
        supply, for equipment, components, products and services; (iii)
        all technical information relating to equipment, components,
        products and services; (iv) customer information, such as
        customer lists, purchasing and servicing habits and credit
        information; (v) cost and pricing information; (vi) selling and
        marketing information, such as selling methods, strategies and
        plans; (vii) corporate planning data; (viii) training and
        recruiting methods and materials; (ix) financial results and
        business conditions; and (x) any information that otherwise may
        be defined as "trade secret"  under the Uniform Trade Secrets
        Act; and
     <PAGE>
        (b) With respect to any other person or entity, any of the
        foregoing types of information which belong to such person or
        entity but to which Executive has had access by reason of his
        employment with the Company (including, without limitation,
        information delivered to the Company or to any of its affiliates
        in confidence by persons or entities for whom the Company is
        performing services).

        Section 4.02.  Ownership of Company Proprietary Information.
   Executive specifically acknowledges (a) that all of the Proprietary
   Information set forth in Section 4.01(a) of this Agreement, whether
   reduced to writing, maintained on any form of electronic media, or
   maintained in the mind or memory of Executive, and whether compiled
   by the Company or Executive, derives independent economic value from
   not being readily known to or ascertainable by proper means by others
   who can obtain economic value from the disclosure or use of such
   Proprietary Information, or any part of it; (b) that reasonable
   efforts have been and will be taken by the Company and Executive to
   maintain the secrecy of such Proprietary Information; (c) that such
   Proprietary Information is the sole property of the Company, (d) that
   any retention in violation of Section 4.04 of this Agreement or use
   of such Proprietary Information during or after the Employment Period
   (except in the course of the performance of Executive's duties under
   the terms of this Agreement) shall constitute a misappropriation of
   the trade secrets of the Company.

        Section 4.03.  Non-disclosure of Trade Secrets.  Executive will
   keep in strict confidence and will not, directly or indirectly, at
   any time during or after Executive's employment by the Company,
   disclose, furnish, disseminate, make available or use (except in the
   course of the performance of Executive's duties under the terms of
   this Agreement) any of the Proprietary Information.

        Section 4.04   Return of Documents and Records.  Executive
   agrees that upon termination of Executive's employment with the
   Company, for any reason, or expiration of the Employment Period
   (unless Executive remains employed4by the Company), Executive shall 
   return to the Company, in good condition, all property of the
   Company, including, without limitation, any document or record
   (including, without limitation, computerized records) containing any
   Proprietary Information, and Executive shall promptly deliver to the
   Company all documents and records (including, without limitation,
   computerized records) of the Company in Executive's possession,
   custody or control.  If such items are not so returned, the Company
   will have the right to charge Executive for all reasonable damages,
   costs, attorneys' fees and other expenses incurred in searching for,
   taking and/or recovering such property.
                                    
                                 ARTICLE V

                           Restrictive Covenants

        Section 5.01.  During Employment Period.  Executive expressly
   agrees that, in view of the fact that this Agreement is ancillary to
   the sale of a business, that during the Employment Period , except
   with the prior written consent of the Board, the Executive will not
   <PAGE>
        (a)       enter into or engage in any business which competes
        with the business of the Company; or

        (b)       solicit customers, business, patronage or orders for,
        or sell, any products or services in competition with, or for
        any business that competes with, the business of the Company; or

        (c)  divert, entice, or take away any customers, business,
        patronage or orders of the Company; or

        (d)  promote or assist, financially or otherwise, any person,
        firm, association, partnership, corporation or other entity
        engaged in any business which competes with the business of the
        Company.

        Section 5.02.  After Employment Period.  For a period of two
   years after the Employment Period, Executive will not:

        (a) enter into or engage in any business which competes with the
        Company's business within the Restricted Territory (as defined
        in Section 5.04(c); or

        (b) solicit customers, business, patronage or orders for, or
        sell, any products or services in competition with, or for any
        business, wherever located, that competes with, the Company's
        business within the Restricted Territory; or

        (c) divert, entice or otherwise take away any customers,
        business, patronage or orders of the Company within the
        Restricted Territory; or

        (d) promote or assist, financially or otherwise, any person,
        firm, association, partnership, corporation or other entity
        engaged in any business which competes with the Company's
        business within the Restricted Territory.

        Section 5.03.  Related Parties.  For the purposes of Sections
   5.01 and 5.02, inclusive, but without limitation thereof, Executive
   will be in violation thereof if he engages in any or all of the
   activities set forth therein directly as an individual on his own
   account, or indirectly as a partner, joint venturer, employee,
   agent, salesperson, consultant, officer and/or director of any firm,
   association, partnership, corporation or other entity, or as a
   stockholder of any corporation in which Executive or Executive's
   spouse, child or parent owns, directly or indirectly, individually or
   in the aggregate, more than one percent of the outstanding stock
   (except for the ownership of less than 5% of the outstanding capital
   stock of any publicly traded company).

        Section 5.04.  Certain Definitions.  (a)  For the purposes of
   this Agreement, the term "Company"  shall include any and all direct
   and indirect subsidiaries, divisions or business units of the Company
   for which Executive worked or had responsibility at the time of
   termination of his employment and at any time during the two-year
   period prior to such termination, including, without limitation, PS.
   <PAGE>
        (b)  For purposes of Sections 5.01 and 5.02, inclusive, the
   Company's business is defined to be the sale of equipment and
   consumable products used in the creation, preparation and production
   of printed materials by advertising agencies, service bureaus, public
   relations firms and commercial and in-plant printers, including,
   without limitation, films, inks, plates, rubber rollers, cleaning
   solutions and cotton pads, as well as equipment and software products
   such as digital platesetters, imagesetters, prepress equipment,
   presses, folders and cutters, and the provision of related services
   described in any and all marketing materials as the same may be
   altered, amended, supplemented or otherwise changed from time to time
   or the sale of other products or the provision of other services by
   the Company substantially similar to any such described products and
   services.

        (c)  For the purposes of Section 5.02, the Restricted Territory
   shall be defined as and limited to:

        (i)  the geographic area(s) within a one-hundred mile radius of
        any and all Company location(s) in, to or for which Executive
        worked, was assigned or had any responsibility (either direct or
        supervisory) at the time of termination of his employment and at
        any time during the Employment Period; and

        (ii)  all of the specific customer accounts, whether within or
        outside of the geographic area described in (i) above, with
        which Executive had any contact or for which Executive had any
        responsibility (either direct or supervisory) at the time of
        termination of his employment and at any time during the
        Employment Period.

        Section 5.05.  Extension of Period.  If it shall be judicially
   determined that Executive has violated any of his obligations under
   Section 5.02, then the period applicable to each obligation that
   Executive shall have been determined to have violated shall
   automatically be extended by a period of time equal in length to the
   period during which such violation(s) occurred.

        Section 5.06   Adequate Consideration.  Executive acknowledges
   that his obligations under this Agreement are reasonable in the
   context of the nature of the Company's business and the competitive
   injuries likely to be sustained by the company if Executive were to
   violate such obligations.  Executive further acknowledges that this
   Agreement is made in consideration of, and is adequately supported
   by, the sale of the PS business and the agreement of the Company to
   employ or to grant compensation or benefits to the Executive pursuant
   to the terms of this Agreement, which Executive acknowledges
   constitutes new and/or good, valuable and sufficient consideration.

        Section 5.07.  Covenant Not  6to Solicit.  Executive will not
   directly or indirectly at any time solicit or induce or attempt to
   solicit or induce any employee(s) or any sales representative(s),
   agent(s) or consultant(s) of the Company to terminate their
   employment, representation or other association with the Company.
   <PAGE>
        Section 5.08   Communication of Contents of Agreement.  During
   the Employment Period and during any additional period in which the
   covenants contained in Sections 5.01 and 5.02 of this Agreement
   remain in effect, Executive will communicate the contents of this
   Agreement to any person, firm, association, partnership, corporation
   or other eneity which he intends to represent, be employed by, be
   associated with, and which is engaged in a business that competes
   with the business of the Company.

                                ARTICLE VI

                                 Remedies

   In the event of any breach by Executive of the provisions of Article
   IV or V of this Agreement, the parties hereby recognize and
   acknowledge that a remedy at law may be inadequate, and the Company
   may suffer irreparable injury.  Accordingly, Executive consents to
   injunctive and other appropriate equitable relief upon the
   institution of appropriate proceedings by the Company in order to
   protect the rights of the Company under Articles IV and V of this
   Agreement.  Such relief will be in addition to any other relief to
   which the Company may be entitled at law or in equity.  Resort to any
   remedy provided for under this Article VI or provided for by law will
   not prevent the concurrent or subsequent employment of any other
   appropriate remedy or remedies, or preclude the recovery by the
   Company of monetary damages.



                                ARTICLE VII
                               Miscellaneous

        Section 7.01.  Notices.  Any notice or request required or
   permitted to be given hereunder shall be sufficient if in writing and
   delivered personally or sent by registered mail, postage prepaid and
   return receipt requested, as follows:  if to the Executive, to his
   address as set forth in the records of the Company, and if to the
   Company, to its address hereinabove set forth, or to any other
   address designated by either party by notice similarly given.  Such
   notice shall be deemed to have been given upon the receipt thereof.

        Section 7.02.  Arbitration; Enforcement Expenses.

             (A)  Any controversy or claim arising out of this
        Agreement, or breach thereof, except any claim or breach under
        Articles IV or V hereof shall be settled by arbitration in the
        Chicago metropolitan area in accordance with the laws of the
        State of Illinois by three disinterested arbitrators, one of
        whom shall be appointed by the Company, one by the Executive,
        and the third of whom shall be appointed by the first two
        arbitrators.  If the third arbitrator cannot be agreed upon, the
        third arbitrator shall be appointed by the Chief Administrator
        of the Chicago office of the American Arbitration Association.
        The arbitration shall be conducted in accordance with the rules
        of the American Arbitration Association, except with respect to
        the selection of arbitrators.  The arbitrators' determination
        shall be final and binding upon all parties and judgment upon
        the award rendered by the arbitrators may be entered in any
        court having jurisdiction thereof.
    <PAGE>         
             (B)  The Company shall pay to the Executive all reasonable
        out-of-pocket expenses, including reasonable attorneys' fees,
        court costs and arbitration costs, incurred by the Executive in
        connection with any arbitration proceeding referred to in
        subsection (A) above brought by Executive to enforce his rights
        under this Agreement if Executive is the prevailing party in
        such proceeding.

        Section 7.03.  Assignment and Succession.  The rights and
   obligations of the Company under this Agreement shall inure to the
   benefit of and be binding upon its successors and assigns, and the
   Executive's rights and obligations hereunder shall inure to the
   benefit of and be binding upon his Designated Successors.

        Section 7.04.  Headings.  The Article, Section paragraph and
   subparagraph headings are for convenience of reference only and shall
   not define or limit the provisions hereof.

        Section 7.05.  Applicable Law.  this Agreement shall at all
   times be governed by and construed, interpreted and enforced in
   accordance with the laws of the State of Illinois.

        Section 7.06.  Entire Agreement.  This Agreement represents the
   entire agreement among the parties hereto with respect to the
   employment of the Executive, except as specifically provided herein,
   and supersedes all previous agreements, policies and understandings
   between the Executive and the Company with respect to Executive's
   employment.
             
        IN WITNESS WHEREOF, the Company has caused this Agreement to be
   signed by its duly authorized officer and the Executive has signed
   this Agreement as of the day and year first above written.
                            MULTIGRAPHICS, INC.

                            By:  /s/ Thomas D. Rooney, President and CEO

                            EXECUTIVE


                            By:  /s/ Keith E. Stewart

                                                            EXHIBIT 10.2

                           EMPLOYMENT AGREEMENT

        Employment Agreement dated as of December 18, 1997 between
   Raymond T. Leach (the "Executive") and Multigraphics, Inc., A
   Delaware corporation (the "Company") with its principal office at
   431 Lakeview Court, Mount Prospect, Illinois  60056.

        WHEREAS, the Company desires to employ the Executive as its
   corporate Vice President and Chief Executive Officer of Publishing
   Solutions, Inc. ("PS"), and the Executive desires to accept such
   employment, upon the terms and conditions hereinafter set forth;

        WHEREAS, Executive's employment and the agreements hereunder are
   expressly ancillary to the sale by Executive of  50% of the issued
   and outstanding shares of capital stock of PS pursuant to the terms
   of that certain Stock Purchase Agreement of even date herewith among
   the Company, Executive and Mr. Keith E. Stewart (the "Stock Purchase
   Agreement"); and

        WHEREAS, the Executive's employment hereunder is expressly a
   condition to the aforementioned sale of capital stock of PS and the
   parties agree that Executive's services hereunder are essential to
   the performance of the PS business from and after the sale of stock;

        NOW, THEREFORE, in consideration of the agreements and covenants
   contained herein, the Executive and the Company hereby agree as
   follows:

                            ARTICLE I
                            Employment

        Section 1.01.  Position; Term; Responsibilities.  The Company
   shall employ the Executive as its Corporate Vice President and Chief
   Executive Officer of PS, effective December 18, 1997 (the "Commencement 
   Date"), and the Executive shall perform such executive and administrative 
   duties for the Company, PS and their affiliates as may from time to time 
   be authorized or directed by the President and CEO of the Company or the 
   Board of Directors of the Company (including any committees thereof, 
   the "Board").  The Executive agrees to be employed by the Company in 
   such capacity subject to all the covenants and conditions hereinafter 
   set forth.

        Section 1.02.  Duties.  During Executive's Employment hereunder,
   the Executive shall perform faithfully the duties assigned to him
   hereunder to the best of his abilities and devote his full and
   undivided business time and attention to the transaction of the
   Company's business and not engage in any other business activities
   except with the approval of the Board.  The previous sentence shall
   not preclude the Executive from participating in the affairs of any
   governmental, educational or other charitable institution so long as
   the Board does not determine in good faith that such activities
   unreasonably interfere with the business of the Company or the
   performance by Executive of his duties hereunder.
   <PAGE>
                            ARTICLE II
                            Compensation

        Section 2.01.  Basic Compensation.  As compensation for his
   services hereunder, the Company shall pay to the Executive an annual
   salary of $150,000, payable in installments in accordance with the
   Company's normal payment schedule for senior management of the
   Company.  The Executive's salary may be increased from time to time
   above the Base Salary at the discretion of the Board.  The Executive's 
   annual salary in effect from time to time under this Section 2.01 is 
   hereinafter called his "Base Compensation".               

        Section 2.02.  Incentive Compensation.   Commencing January 1,
   2000, in addition to his Base Compensation, the Executive shall be
   entitled to earn as incentive compensation ("Incentive Compensation"), 
   in respect of each fiscal year of the Company, an amount determined 
   and payable in accordance with the Company's Executive Incentive 
   Compensation Plan or a replacement plan established by the Board 
   (collectively, an "Incentive Plan"); with a target bonus of 30% of 
   his Base Compensation and a Maximum of 60% of his Base Compensation, 
   provided, however, that the Executive shall not be entitled to receive 
   Incentive Compensation in respect of any portion of a fiscal year 
   during which the Executive's employment is terminated as a result of 
   a Voluntary Termination or a termination by the Company for "Cause", 
   and Incentive Compensation shall be payable in accordance with the 
   terms of the applicable plan approved by the Board from time to time; 
   provided, however, that Executive shall be entitled to earn Incentive 
   Compensation for the partial fiscal year commencing January 1, 2000 
   and ending on July 31, 2000 notwithstanding any provision in the 
   applicable plan to the contrary.  A "Voluntary Termination" shall 
   mean the voluntary termination by Executive of his employment with 
   the Company.  Cause is defined in Section 3.03 below.

        Section 2.03.  Stock Option Award.   The Company shall grant to
   the Executive, effective on the date of execution of this Agreement,
   a nonqualified stock option under the Internal Revenue Code of 1986,
   as amended (the "Code"), pursuant to the Company's 1994 Long-Term Code
   Incentive Plan (the "LTIP") to purchase 20,000 shares of Common Stock 
   at an exercise price equal to the closing price of the Common Stock 
   on the American Stock Exchange on such date.  Such stock option 
   shall expire ten years after its grant date, and shall become 
   exercisable as to 33-1/3% of the shares subject to such options 
   on each of the first, second and third anniversaries of its date, 
   subject to earlier vesting as provided in the LTIP.

        Section 2.04.  Term.  Employment hereunder shall commence on the
   Commencement Date and shall continue through December 31, 2002.
   Notwithstanding the term of this Agreement, the actual period of
   Executive's employment hereunder shall be referred to as the
   "Employment Period."

        Section 2.05.  Other Employee Benefits.  The Executive shall be
   entitled to participate in all employee benefit plans and to receive
   other fringe benefits as are from time to time made generally
   available to Vice Presidents of the Company; (including, commencing
   January 1, 2000, any severance plans or policies which may be in
   effect from time to time).  As of the date hereof, such plans include
   <PAGE>
   a 401(k) plan, an automobile allowance program, an executive
   universal life insurance program, an executive long-term disability
   plan and a supplemental executive health plan.  In addition, the
   Executive shall be entitled to take time off for vacation or illness
   in accordance with the Company's policies with respect thereto
   established from time to time with respect to its senior management.
   Executive shall have 3 weeks of vacation each year.

        Section 2.06.  Expense Reimbursements.  The Company shall
   reimburse the Executive for all proper expenses incurred by him in
   the performance of his duties hereunder in accordance with the
   policies and procedures established by the Board.
                                   
                                ARTICLE III
                         Termination of Employment

        Section 3.01.  Termination.  This Agreement, and Executive's
   employment hereunder, may be terminated under the following
   circumstances:

        (A)  By the Company at any time for Cause.

        (B)  By the Executive at any time on or prior to December 31,
   1999 for any reason.

        (C)  By the Executive at any time on or after January 1, 2000
   for any reason.

        (D)  By the Company at any time for any reason on or after
   January 1, 2000.

        (E)  Upon the death or Incapacity of Executive.

   In the event of a termination under Subsection (A) or (B) of this
   Section 3.01,  Executive shall be entitled to receive any earned but
   unpaid compensation under Sections 2.01 and 2.02 hereof, and any
   unreimbursed expenses under Section 2.06.  In either such event,
   Executive shall forfeit any right to his portion of the "Earn-Out"
   payable under Sections 2.1(b) or 2.1(c) of the Stock Purchase
   Agreement.   In the event of a termination under Subsection (C), (D)
   or (E) of this Section 3.01,  Executive shall be entitled to receive
   any earned but unpaid compensation under Sections 2.01 and 2.02
   hereof, and any unreimbursed expenses under Section 2.06,  and shall
   thereafter be paid any portions of any "Earn-Out" payable to
   Executive under  Sections 2.1(b) and 2.1(c) of the Stock Purchase
   Agreement which are earned under such Sections.

        Section 3.02.  Death or Incapacity.  In the event of the death
   of the Executive during the Employment Period, his Designated
   Successors (as hereinafter defined) shall be entitled to receive any
   amounts payable under Section 3.01 hereof.

        Section 3.03.  Definitions of Terms.  "Cause" shall mean
   embezzlement or misappropriation of corporate funds, other
   significant act of dishonesty or illegality, misconduct resulting in
   harm to the Company, material breach of the covenants contained in
   Articles IV and V of this Agreement,  or willful refusal to perform
   <PAGE>
   or disregard of the duties properly assigned pursuant to Article I.
   Notwithstanding the foregoing, through December 31, 1999 (the final
   measurement date for the Earn-Out provisions contained in Sections
   2.1(b) and (c) of the Stock Purchase Agreement), the Executive shall
   not be deemed to have been terminated for Cause unless and until
   there shall have been delivered to the Executive a copy of a
   resolution duly adopted by the affirmative vote of not less than a
   majority of the entire Board of Directors of the Company called and
   held for the purpose (after reasonable notice to the Executive and an
   opportunity for the Executive, together with his counsel, to be heard
   before the Board), finding that in the good faith opinion of the
   Board, the Executive engaged in the conduct set forth above in this
   section 3.03 and specifying the particulars thereof in reasonable
   detail.  "Designated Successors" of Executive shall mean the
   executors, administrators or other legal representatives of Executive
   (in such order of priority) as the Executive may have designated in a
   written instrument filed with the Secretary of the Company.
   "Incapacity" shall mean such physical or mental condition of the
   Executive as is expected to continue indefinitely and which renders
   the Executive incapable or performing any substantial portion of the
   duties contemplated hereby.
                                   
                                ARTICLE IV

      Trade Secrets, Proprietary Information and Return of Materials

        Section 4.01.  Trade Secrets.  Executive acknowledges that, by
   reason of Executive's duties, Executive will have access to and
   become informed of proprietary, non-public information relating to
   the Company as well as other confidential business and technical
   information and trade secrets ("Proprietary Information"),
   including, without limitation, the following:

        (a)  With respect to the Company and its affiliates, (i) service
        specifications, schematics, designs, procedures, practices,
        testing methods, concepts for new or improved services and other
        service data; (ii) sources of supply and potential sources of
        supply, for equipment, components, products and services; (iii)
        all technical information relating to equipment, components,
        products and services; (iv) customer information, such as
        customer lists, purchasing and servicing habits and credit
        information; (v) cost and pricing information; (vi) selling and
        marketing information, such as selling methods, strategies and
        plans; (vii) corporate planning data; (viii) training and
        recruiting methods and materials; (ix) financial results and
        business conditions; and (x) any information that otherwise may
        be defined as "trade secret" under the Uniform Trade Secrets
        Act; and

        (b) With respect to any other person or entity, any of the
        foregoing types of information which belong to such person or
        entity but to which Executive has had access by reason of his
        employment with the Company (including, without limitation,
        information delivered to the Company or to any of its affiliates
        in confidence by persons or entities for whom the Company is
        performing services).
      <PAGE>
        Section 4.02.  Ownership of Company Proprietary Information.
   Executive specifically acknowledges (a) that all of the Proprietary
   Information set forth in Section 4.01(a) of this Agreement, whether
   reduced to writing, maintained on any form of electronic media, or
   maintained in the mind or memory of Executive, and whether compiled
   by the Company or Executive, derives independent economic value from
   not being readily known to or ascertainable by proper means by others
   who can obtain economic value from the disclosure or use of such
   Proprietary Information, or any part of it; (b) that reasonable
   efforts have been and will be taken by the Company and Executive to
   maintain the secrecy of such Proprietary Information; (c) that such
   Proprietary Information is the sole property of the Company, (d) that
   any retention in violation of Section 4.04 of this Agreement or use
   of such Proprietary Information during or after the Employment Period
   (except in the course of the performance of Executive's duties under
   the terms of this Agreement) shall constitute a misappropriation of
   the trade secrets of the Company.

        Section 4.03.  Non-disclosure of Trade Secrets.  Executive will
   keep in strict confidence and will not, directly or indirectly, at
   any time during or after Executive's employment by the Company,
   disclose, furnish, disseminate, make available or use (except in the
   course of the performance of Executive's duties under the terms of
   this Agreement) any of the Proprietary Information.

        Section 4.04   Return of Documents and Records.  Executive
   agrees that upon termination of Executive's employment with the
   Company, for any reason, or expiration of the Employment Period
   (unless Executive remains employed by the Company), Executive shall
   return to the Company, in good condition, all property of the
   Company, including, without limitation, any document or record
   (including, without limitation, computerized records) containing any
   Proprietary Information, and Executive shall promptly deliver to the
   Company all documents and records (including, without limitation,
   computerized records) of the Company in Executive's possession,
   custody or control.  If such items are not so returned, the Company
   will have the right to charge Executive for all reasonable damages,
   costs, attorneys' fees and other expenses incurred in searching for,
   taking and/or recovering such property.

                                 ARTICLE V

                           Restrictive Covenants

        Section 5.01.  During Employment Period.  Executive expressly
   agrees that, in view of the fact that this Agreement is ancillary to
   the sale of a business, that during the Employment Period , except
   with the prior written consent of the Board, the Executive will not

        (a)       enter into or engage in any business which competes
        with the business of the Company; or

        (b)       solicit customers, business, patronage or orders for,
        or sell, any products or services in competition with, or for
        any business that competes with, the business of the Company; or

        (c)  divert, entice, or take away any customers, business,
        patronage or orders of the Company; or
   <PAGE>
        (d)  promote or assist, financially or otherwise, any person,
        firm, association, partnership, corporation or other entity
        engaged in any business which competes with the business of the
        Company.

        Section 5.02.  After Employment Period.  For a period of two
   years after the Employment Period, Executive will not:

        (a) enter into or engage in any business which competes with the
        Company's business within the Restricted Territory (as defined
        in Section 5.04(c); or

        (b) solicit customers, business, patronage or orders for, or
        sell, any products or services in competition with, or for any
        business, wherever located, that competes with, the Company's
        business within the Restricted Territory; or

        (c) divert, entice or otherwise take away any customers,
        business, patronage or orders of the Company within the
        Restricted Territory; or

        (d) promote or assist, financially or otherwise, any person,
        firm, association, partnership, corporation or other entity
        engaged in any business which competes with the Company's
        business within the Restricted Territory.

        Section 5.03.  Related Parties.  For the purposes of Sections
   5.01 and 5.02, inclusive, but without limitation thereof, Executive
   will be in violation thereof if he engages in any or all of the
   activities set forth therein directly as an individual on his own
   account, or indirectly as a partner, joint venturer, employee, agent,
   salesperson, consultant, officer and/or director of any firm,
   association, partnership, corporation or other entity, or as a
   stockholder of any corporation in which Executive or Executive's
   spouse, child or parent owns, directly or indirectly, individually or
   in the aggregate, more than one percent of the outstanding stock
   (except for the ownership of less than 5% of the outstanding capital
   stock of any publicly traded company).

        Section 5.04.  Certain Definitions.  (a)  For the purposes of
   this Agreement, the term "Company" shall include any and all direct
   and indirect subsidiaries, divisions or business units of the Company
   for which Executive worked or had responsibility at the time of
   termination of his employment and at any time during the two-year
   period prior to such termination, including, without limitation, PS.

        (b)  For purposes of Sections 5.01 and 5.02, inclusive, the
   Company's business is defined to be the sale of equipment and
   consumable products used in the creation, preparation and production
   of printed materials by advertising agencies, service bureaus, public
   relations firms and commercial and in-plant printers, including,
   without limitation, films, inks, plates, rubber rollers, cleaning
   solutions and cotton pads, as well as equipment and software products
   such as digital platesetters, imagesetters, prepress equipment,
   presses, folders and cutters, and the provision of related services
   described in any and all marketing materials as the same may be
   altered, amended, supplemented or otherwise changed from time to time
   or the sale of other products or the provision of other services by
   <PAGE>
   the Company substantially similar to any such described products and
   services.

        (c)  For the purposes of Section 5.02, the Restricted Territory
   shall be defined as and limited to:

        (i)  the geographic area(s) within a one-hundred mile radius of
        any and all Company location(s) in, to or for which Executive
        worked, was assigned or had any responsibility (either direct or
        supervisory) at the time of termination of his employment and at
        any time during the Employment Period; and

        (ii)  all of the specific customer accounts, whether within or
        outside of the geographic area described in (i) above, with
        which Executive had any contact or for which Executive had any
        responsibility (either direct or supervisory) at the time of
        termination of his employment and at any time during the
        Employment Period.

        Section 5.05.  Extension of Period.  If it shall be judicially
   determined that Executive has violated any of his obligations under
   Section 5.02, then the period applicable to each obligation that
   Executive shall have been determined to have violated shall
   automatically be extended by a period of time equal in length to the
   period during which such violation(s) occurred.
   
   Section 5.06   Adequate Consideration.  Executive acknowledges
   that his obligations under this Agreement are reasonable in the
   context of the nature of the Company's business and the competitive
   injuries likely to be sustained by the company if Executive were to
   violate such obligations.  Executive further acknowledges that this
   Agreement is made in consideration of, and is adequately supported
   by, the sale of the PS business and the agreement of the Company to
   employ or to grant compensation or benefits to the Executive pursuant
   to the terms of this Agreement, which Executive acknowledges
   constitutes new and/or good, valuable and sufficient consideration.

        Section 5.07.  Covenant Not to Solicit.  Executive will not
   directly or indirectly at any time solicit or induce or attempt to
   solicit or induce any employee(s) or any sales representative(s),
   agent(s) or consultant(s) of the Company to terminate their
   employment, representation or other association with the Company.

        Section 5.08   Communication of Contents of Agreement.  During
   the Employment Period and during any additional period in which the
   covenants contained in Sections 5.01 and 5.02 of this Agreement
   remain in effect, Executive will communicate the contents of this
   Agreement to any person, firm, association, partnership, corporation
   or other eneity which he intends to represent, be employed by, be
   associated with, and which is engaged in a business that competes
   with the business of the Company.
   <PAGE>
                                ARTICLE VI

                                 Remedies

   In the event of any breach by Executive of the provisions of Article
   IV or V of this Agreement, the parties hereby recognize and
   acknowledge that a remedy at law may be inadequate, and the Company
   may suffer irreparable injury.  Accordingly, Executive consents to
   injunctive and other appropriate equitable relief upon the
   institution of appropriate proceedings by the Company in order to
   protect the rights of the Company under Articles IV and V of this
   Agreement.  Such relief will be in addition to any other relief to
   which the Company may be entitled at law or in equity.  Resort to any
   remedy provided for under this Article VI or provided for by law will
   not prevent the concurrent or subsequent employment of any other
   appropriate remedy or remedies, or preclude the recovery by the
   Company of monetary damages.

                                ARTICLE VII
                               Miscellaneous

        Section 7.01.  Notices.  Any notice or request required or
   permitted to be given hereunder shall be sufficient if in writing and
   delivered personally or sent by registered mail, postage prepaid and
   return receipt requested, as follows:  if to the Executive, to his
   address as set forth in the records of the Company, and if to the
   Company, to its address hereinabove set forth, or to any other
   address designated by either party by notice similarly given.  Such
   notice shall be deemed to have been given upon the receipt thereof.

        Section 7.02.  Arbitration; Enforcement Expenses.


             (A)  Any controversy or claim arising out of this
        Agreement, or breach thereof, except any claim or breach under
        Articles IV or V hereof shall be settled by arbitration in the
        Chicago metropolitan area in accordance with the laws of the
        State of Illinois by three disinterested arbitrators, one of
        whom shall be appointed by the Company, one by the Executive,
        and the third of whom shall be appointed by the first two
        arbitrators.  If the third arbitrator cannot be agreed upon, the
        third arbitrator shall be appointed by the Chief Administrator
        of the Chicago office of the American Arbitration Association.
        The arbitration shall be conducted in accordance with the rules
        of the American Arbitration Association, except with respect to
        the selection of arbitrators.  The arbitrators' determination
        shall be final and binding upon all parties and judgment upon
        the award rendered by the arbitrators may be entered in any
        court having jurisdiction thereof.

             (B)  The Company shall pay to the Executive all reasonable
        out-of-pocket expenses, including reasonable attorneys' fees,
        court costs and arbitration costs, incurred by the Executive in
        connection with any arbitration proceeding referred to in
        subsection (A) above brought by Executive to enforce his rights
        under this Agreement if Executive is the prevailing party in
        such proceeding.
      <PAGE>
        Section 7.03.  Assignment and Succession.  The rights and
   obligations of the Company under this Agreement shall inure to the
   benefit of and be binding upon its successors and assigns, and the
   Executive's rights and obligations hereunder shall inure to the
   benefit of and be binding upon his Designated Successors.

        Section 7.04.  Headings.  The Article, Section paragraph and
   subparagraph headings are for convenience of reference only and shall
   not define or limit the provisions hereof.

        Section 7.05.  Applicable Law.  this Agreement shall at all
   times be governed by and construed, interpreted and enforced in
   accordance with the laws of the State of Illinois.

        Section 7.06.  Entire Agreement.  This Agreement represents the
   entire agreement among the parties hereto with respect to the
   employment of the Executive, except as specifically provided herein,
   and supersedes all previous agreements, policies and understandings
   between the Executive and the Company with respect to Executive's
   employment.

        IN WITNESS WHEREOF, the Company has caused this Agreement to be
   signed by its duly authorized officer and the Executive has signed
   this Agreement as of the day and year first above written.
                            MULTIGRAPHICS, INC.

                            /s/ Thomas D. Rooney, President and CEO

                            EXECUTIVE

                            /s/ Raymond T. Leach