EXHIBIT 10.1


                      EMPLOYMENT AGREEMENT

     This  EMPLOYMENT AGREEMENT (this "Agreement"), dated  as  of
December  7,  1999  ("Effective Date"),  is  between  Competitive
Technologies, Inc., (the "Company") and Frank R. McPike, Jr. (the
"Executive").

     WHEREAS, the Company desires to continue to employ Executive
as  its  President  and  Chief Operating Officer,  and  Executive
desires  to  accept such employment, on the terms and  conditions
set forth below.

     NOW  THEREFORE,  in  consideration of the  mutual  covenants
herein,  and  other good and valuable consideration, the  receipt
and  sufficiency  of  which is hereby acknowledged,  the  parties
hereto agree as follows:

     1.    Employment.  The Company hereby employs the Executive,
and  the  Executive  hereby  accepts  such  employment  with  the
Company,  upon  all  the terms and conditions  set  forth  below.
Executive  represents and warrants that he  has  full  power  and
authority to enter into this Employment Agreement and that he  is
not  restricted  in  any manner whatsoever  from  performing  the
duties  described below.  Executive's employment with the Company
shall  include  service  for the Company's  direct  and  indirect
subsidiaries (the "Subsidiaries").

     2.   Employment Term.

     a.    Unless earlier terminated as provided below, the  term
     of   the   Executive's  employment  under   this   Agreement
     ("Employment Term") shall commence on the Effective Date and
     shall  continue  until  the  date  three  years  after   the
     Effective Date ("Ending Date"). By agreement of the parties,
     the  Employment  Term and Ending Date may be  extended  from
     year  to  year  thereafter in accordance with  Section  2(b)
     below.   The Company and the Executive acknowledge that  the
     Executive's  employment is at will and can be terminated  by
     either  party at any time with or without Cause (as  defined
     below).   If the Executive's employment terminates  for  any
     reason,  with or without Cause, the Executive shall  not  be
     entitled  to  any  payments, benefits, damages,  awards,  or
     compensation other than as provided in this Agreement.

     b.    Executive agrees that not less than 180 days prior  to
     the  Ending  Date,  he will notify the  Company  in  writing
     regarding whether he is willing to continue in the Company's
     employ after the Ending Date on substantially the same terms
     as  provided in this Agreement ("Continuation Notice").  The
     Company agrees to respond to the Continuation Notice  within
     30 days of receipt and inform Executive regarding whether it
     will offer Executive continuing employment for the next year
     after  the  Ending Date on substantially the same  terms  as
     provided  in this Agreement ("Continuation Response").   The
     Company  shall  pay to Executive continuation  of  his  Base
     Compensation then in effect for a period of six months after
     the  Ending  Date if: (i) Executive provides a  Continuation
     Notice;  (ii)  the  Company elects not  to  offer  Executive
     continued employment at the end of the Employment Term on at
     least  substantially  the same terms  as  provided  in  this
     Agreement   unless   the  reason(s)  for  such   non-renewal
     constitutes  Cause (as defined below); and  (iii)  Executive
     remains employed by the Company through the Ending Date.

     3.   Position and Duties.

     a.    Executive  Officer.   The  Company  shall  employ  the
     Executive  as  its  President and Chief  Operating  Officer.
     Executive  shall report to the Company's Board of  Directors
     (the  "Board") or its chief executive officer,  if  any,  or
     other  Board designee.  Without any additional compensation,
     Executive  will serve in the discretion of the Board  and/or
     if  so elected by the Company's stockholders, as a member of
     the   Board  and  as  an  officer  and/or  director  of  any
     affiliated  entities or Subsidiaries.  Executive shall  have
     such  responsibilities and duties as are  commensurate  with
     such  positions  in  an entity comparable  to  the  Company,
     including,  without  limitation,  development  of   business
     strategy and annual business plans, supervision of all  day-
     to-day  operations  of  the  Company,  development  of   the
     Company's  organization plan, establishment of the Company's
     management    team,   and   establishing   and   maintaining
     communications and relationships with the Board.  The  Board
     may assign other duties to Executive from time to time.  The
     Board shall have the right to modify the responsibilities of
     the  Executive  from  time to time as  the  Board  may  deem
     necessary or appropriate.

     b.    Manner  of  Employment.  Executive  shall  faithfully,
     diligently and competently perform his responsibilities  and
     duties.   The Executive shall devote his exclusive and  full
     business  efforts  and  time to the Company.   This  Section
     3(b),  however,  shall not preclude the  Executive,  outside
     normal business hours, from engaging in appropriate civic or
     charitable activities, or from serving as a director of  any
     not-for-profit  entity, as long as such  activities  do  not
     interfere  or  conflict  with his  responsibilities  to  the
     Company.  With the Board's consent, Executive may serve as a
     director of a for-profit entity.

     4.   Base Compensation.  The Company shall pay the Executive
as  compensation for his services an aggregate base  compensation
in the amount of $185,000 per year, subject to annual reviews and
increases   in   the  sole  discretion  of  the   Board    ("Base
Compensation").  Base Compensation shall be paid periodically  in
accordance with normal Company payroll practices.

     5.    Employment Benefits.  Executive shall be  entitled  to
the following benefits during the Employment Term:

     a.    Expense Allowance.  Executive shall be reimbursed  for
     business   related  expenses  reasonably   and   necessarily
     incurred and advanced by Executive in performing his  duties
     for  the  Company, in accordance with Company policy  as  it
     exists from time to time.

     b.    Vacation.  The Executive shall be entitled to 25  days
     of  paid vacation per calendar year to be earned and used in
     accordance with the Company's vacation policy as  it  exists
     from  time  to time. Vacations cannot be carried  over  from
     year to year and are forfeited if not taken prior to the end
     of  the  year.  If Executive does not use all of Executive's
     vacation in any calendar year, Executive may receive pay  in
     lieu  of  such  vacation, up to a maximum of two  weeks  per
     year.

     c.   Other Benefits.  Executive may participate in all other
     employee benefit plans and programs as the Company may, from
     time  to time, offer to its executive employees, subject  to
     the same terms and conditions as such benefits are generally
     provided  by the Company.  All such benefits are subject  to
     plan documents (where applicable) and the Company's policies
     and  procedures.   Nothing in this Section  5(c)  guarantees
     that  any  specific benefits will be provided or offered  by
     the  Company which has the sole right to modify, add to,  or
     terminate such benefits at any time.

      6.    Bonus.   Executive may participate in  any  executive
bonus plan adopted by the Company.  The terms of such bonus  plan
and  the payment of any bonuses to Executive shall be in the sole
discretion of the Board or its Compensation Committee.

     7.   Stock Options.

     a.    The  Company shall grant to Executive certain  options
     ("Options")  for  the  purchase of an aggregate  of  100,000
     shares of the Company's common stock ("Common Stock") at the
     price  of  $5.5625 per share, the mean between the high  and
     low  price for such shares on December 7, 1999, the date the
     Company's  Compensation Committee approved the grant.   Such
     Options shall vest as follows:

          i.    Options  for  the purchase of  25,000  shares  of
          Common  Stock,  of  which 7,025 shall be  non-statutory
          stock  options ("NSOs") and 17,975 shall  be  incentive
          stock  options  ("ISOs"), shall vest on  the  Effective
          Date;

          ii.   Options  for  the purchase of  12,500  shares  of
          Common  Stock, all of which shall be ISOs, to  vest  on
          the first annual anniversary of the Effective Date;

          iii. Options to purchase 12,500 shares of Common Stock,
          all  of  which  shall be ISOs, to vest  on  the  second
          annual anniversary of the Effective Date.

          iv.   Options  for  the purchase of  25,000  shares  of
          Common  Stock, all of which shall be NSOs, to  vest  on
          the  ninth annual anniversary after the Effective Date;
          provided  however that if and only if  during  the  one
          year  period immediately after the Effective Date,  the
          average closing trading price for the Common Stock  for
          any  consecutive 20 trading day period shall  be  $8.00
          per  share or higher, then the vesting of such  Options
          shall  be  accelerated  and  such  Options  shall  vest
          immediately at the end of such 20 day period.

          v.    Options  for  the purchase of  25,000  shares  of
          Common  Stock, all of which shall be NSOs, to  vest  on
          the  ninth annual anniversary after the Effective Date;
          provided  however that if and only if  during  the  two
          year  period immediately after the Effective Date,  the
          average closing trading price for the Common Stock  for
          any  consecutive 20 trading day period shall be  $10.00
          per  share or higher, then the vesting of such  Options
          shall  be  accelerated  and  such  Options  shall  vest
          immediately at the end of such 20 day period.

     b.    The  grant and exercisability of all Options described
     in   Section  7(a)  are  subject  to:  (i)   the  terms  and
     conditions contained in the Company's Stock Option  Plan  as
     may  be  amended  from time to time in  the  Company's  sole
     discretion   ("Option  Plan");  and  (ii)  the   terms   and
     conditions  of  a  definitive Stock  Option  Agreement  (the
     "Option  Agreement") to be entered into as of the  Effective
     Date  between the parties pursuant to the Option  Plan  that
     will  set  forth  all of the rights, duties and  obligations
     regarding such Options.

     8.   Termination and Severance Benefits.

     a.    Death.   The  death  of Executive shall  automatically
     terminate  the  Company's obligations under this  Agreement;
     provided  however,  the  Company shall  pay  to  Executive's
     estate  Executive's Base Compensation and  accrued  benefits
     through the date of termination.

     b.    Disability.  If Executive is unable, in the reasonable
     determination   of   the  Board,  to  render   services   of
     substantially the kind and nature, and to substantially  the
     extent,  required  to  be rendered by Executive  under  this
     Agreement  due  to  illness,  injury,  physical  or   mental
     incapacity  or  other  disability,  for  120  days,  whether
     consecutive  or not, within any 12 month period, Executive's
     employment  may be terminated by the Company  and  Executive
     shall  only  be  entitled to Base Compensation  and  accrued
     benefits through the date of termination.

     c.    Resignation.   If  Executive  resigns  his  employment
     during  the  Employment Term other than for Good Reason  (as
     defined  below),  the  Company shall have  no  liability  to
     Executive  except  to pay Executive's Base Compensation  and
     any  accrued  benefits  through his  last  day  worked,  and
     Executive  shall  not  be entitled to receive  severance  or
     other benefits.

     d.    Resignation for Good Reason.  If Executive resigns his
     employment  for  Good Reason, he shall be  entitled  to  the
     Severance Amount (as defined below).

     e.    Termination By Company for Cause.  If the  Executive's
     employment  is terminated for Cause (as defined below),  the
     Company shall have no liability to Executive except  to  pay
     Executive Base Compensation and any accrued benefits through
     his  last day worked and Executive shall not be entitled  to
     receive severance or other benefits.

     f.    Termination By Company Without Cause.  If the  Company
     terminates Executive's employment during the Employment Term
     without  Cause  (as  defined  below),  Executive  shall   be
     entitled to receive the Severance Amount (as defined below).

     g.     Cause.    The  following  acts  by  Executive   shall
     constitute "Cause" for termination:

          i.    theft  or  embezzlement, or  attempted  theft  or
          embezzlement,   of  money  or  material   tangible   or
          intangible  assets or property of the  Company  or  its
          employees or business relations;

          ii.   any felony conviction or any violation of any law
          or  any act or acts of moral turpitude which negatively
          affects  the interests, property, business,  operations
          or reputation of the Company;

          iii. other than as a result of a disability, a material
          failure to carry out effectively Executive's duties and
          obligations to the Company, or failure to devote to the
          Company's  business the time required in  Section  3(b)
          above, as determined in the reasonable judgment of  the
          Board,  upon  not  less  than ten  (10)  days'  advance
          written notice of the asserted problem and a reasonable
          opportunity to cure;

          iv.   gross  negligence or willful  misconduct  in  the
          performance of Executive's duties;

          v.    Executive's  material breach  of  this  Agreement
          which,  after  written notice by the  Company  of  such
          breach,  is  not  cured within ten (10)  days  of  such
          notice.

     h.    Resignation for Good Reason.  Resignation by Executive
     of his employment for "Good Reason" shall mean a resignation
     by Executive:

          i.    within 2 months after the Company's determination
          that  Executive shall no longer serve as  President  or
          Chief  Operating Officer, it expressly being understood
          that  so long as he holds at least one of those titles,
          Executive shall not have grounds for a resignation  for
          Good Reason; or

          ii.   within  6  months after a Change in  Control  (as
          defined  below),  and  either a material  reduction  in
          Executive's total compensation package or the Company's
          determination  the Executive shall no longer  serve  in
          either  of  the positions set forth in Section  8(h)(i)
          above.

     i.    Change in Control.  For purposes of this Agreement,  a
     "Change in Control" shall mean the occurrence of any of  the
     following events:

          i.   a merger or consolidation involving the Company or
          any  subsidiary of the Company after the completion  of
          which:  (A)  in  the  case of a merger  (other  than  a
          triangular  merger)  or a consolidation  involving  the
          Company,  the  stockholders of the Company  immediately
          prior to the completion of such merger or consolidation
          beneficially  own  (within the meaning  of  Rule  13d-3
          promulgated under the Securities Exchange Act of  1934,
          as   amended   (the  "Exchange  Act"),  or   comparable
          successor  rules), directly or indirectly,  outstanding
          voting  securities representing less than fifty percent
          (50%)  of  the  combined voting power of the  surviving
          entity in such merger or consolidation, and (B) in  the
          case of a triangular merger involving the Company or  a
          subsidiary  of  the  Company, the stockholders  of  the
          Company  immediately prior to the  completion  of  such
          merger beneficially own (within the meaning of Rule 13d-
          3  promulgated  under the Exchange Act,  or  comparable
          successor  rules), directly or indirectly,  outstanding
          voting  securities representing less than fifty percent
          (50%)  of  the  combined voting power of the  surviving
          entity in such merger and less than fifty percent (50%)
          of  the  combined  voting power of the  parent  of  the
          surviving entity in such merger;

          ii.   an  acquisition by any person, entity or  "group"
          (within  the meaning of Section 13(d) or 14(d)  of  the
          Exchange  Act  or any comparable successor provisions),
          other than any employee benefit plan, or related trust,
          sponsored  or maintained by the Company or an affiliate
          of   the  Company  and  other  than  in  a  merger   or
          consolidation of the type referred to in  clause  "(i)"
          of  this  Section 7(b), of beneficial ownership (within
          the   meaning  of  Rule  13d-3  promulgated  under  the
          Exchange   Act,  or  comparable  successor  rules)   of
          outstanding   voting   securities   of   the    Company
          representing  more  than forty  percent  (40%)  of  the
          combined  voting  power of the  Company  (in  a  single
          transaction or series of related transactions); or

          iii.  in the event that the individuals who, as of  the
          Effective   Date,  are  members  of  the   Board   (the
          "Incumbent  Board"), cease for any reason to constitute
          at  least  fifty percent (50%) of the Board.  (However,
          if  the subsequent election, or nomination for election
          by the Company's stockholders, of any new member of the
          Board  is approved by a vote of at least fifty  percent
          (50%)  of the Incumbent Board, such new member  of  the
          Board  shall be considered as a member of the Incumbent
          Board.).

     j.    Severance Amount.  The "Severance Amount"  shall  mean
     the  lesser  of (i) one year's Base Compensation  in  effect
     immediately  prior  to such termination or  resignation;  or
     (ii) the Base Compensation payable over the remainder of the
     Employment  Term,  but  in no event less  than  six  months.
     Severance  Amount shall be paid as a salary continuation  to
     be  paid  on  the  Company's  regular  pay  days  or  on  an
     accelerated   basis  as  determined  in  the  Board's   sole
     discretion.

     k.    Resignations.  Upon the end of Executive's  employment
     for  any  reason, Executive shall be deemed to have resigned
     from  any positions which he holds as a director or  officer
     of the Company and any of its Subsidiaries or affiliates.

     9.     Key   Executive  Insurance.   The  Company,  at   its
discretion, may apply for and procure in its own name for its own
benefit  life  and/or disability insurance on  Executive  in  any
amount  specified by the Company.  Executive agrees to  cooperate
in  any  medical  or  other examination, supply  information  and
execute  such  applications  as may be  reasonably  necessary  to
obtain  and  continue  such insurance at the  Company's  expense.
Executive represents that he has no reason to believe his life is
not insurable at prevailing rates for men of his age.

     10.  Confidential and Proprietary Information.

     a.   Executive agrees that after the Effective Date, he will
     not use or disclose to any person, entity, association, firm
     or   corporation,   any   of   the  Company's   Confidential
     Information, except with the written authorization  of   the
     Board  or  as  necessary to perform his  duties  under  this
     Agreement.    The  term  "Confidential  Information"   means
     information  and  data not generally known  outside  of  the
     Company (unless as a result of Executive's breach of any  of
     the  obligations  imposed by this Agreement  or  the  duties
     imposed  by any then existing statute, regulation, ordinance
     or   common  law)  concerning  the  Company's  business  and
     technical  information,  and includes,  without  limitation,
     information  relating to: (i) the identities of clients  and
     the  Company's  other Business Relations (as defined  below)
     and  their  purchasing habits, needs, business  information,
     contact personnel and other information; (ii) suppliers' and
     vendors'  costs,  products,  contact  personnel  and   other
     information;   and  (iii)  the  Company's   trade   secrets,
     products,  research and development, financial and marketing
     information,  personnel  and compensation  information,  and
     business plans.  Executive understands that this Section  10
     applies  to computerized as well as written information  and
     to other information, whether or not in written form.  It is
     expressly understood, however, that the obligations of  this
     Section 10 shall only apply for as long as and to the extent
     that  the  Confidential Information has not become generally
     known  to or available for use by the public other  than  by
     Executive's act or omission in violation of this Agreement.

     b.    Executive  agrees that upon the end of his  employment
     with  the Company for any reason, he will not take with  him
     any   Confidential   Information   that   is   in   written,
     computerized, machine readable, model, sample, or other form
     capable  of  physical delivery, without  the  prior  written
     consent  of the Board.  The Executive also agrees that  upon
     the end of his employment with the Company for any reason or
     at  any  other  time that the Company may request,  he  will
     deliver  promptly  and  return  to  the  Company  all   such
     documents and materials in his possession or control,  along
     with  all  other  property and documents of the  Company  or
     relating  to the Company's employees, suppliers,  customers,
     and business.

     11.   Non-Solicitation.  Executive agrees that he  will  not
through  the  date one year after the end of his employment  with
the  Company for any reason, directly or indirectly, on  his  own
behalf  or  on behalf of any other person or entity, without  the
express  written permission of the Board: (a) solicit or  attempt
to  solicit any employee or representative of the Company; or (b)
solicit  or  attempt  to  solicit, any  client,  vendor,  service
provider  or  other  business relation of  the  Company  (each  a
"Business Relation"), about whom he learned or with whom he  came
into contact during his employment with the Company on behalf  of
any entity or with respect to any service or products which is or
may be competitive with the Company or its services or products.

     12.  Non-Competition.

     a.   Executive agrees that during the Restrictive Period (as
     defined  below),  he will not, without the  express  written
     consent  of  the  Board, be associated with  or  engage  in,
     directly or indirectly, as employee, consultant, proprietor,
     stockholder,  partner,  agent, representative,  officer,  or
     otherwise, the operation of any business that is competitive
     with the business of the Company within the United States or
     any other geographic area in which the Company does material
     business  during  the  Restrictive Period  (the  "Restricted
     Territory").

     b.   The term "Restrictive Period" shall mean the Employment
     Term  plus  a  period of six months after  the  end  of  the
     Employment   Term;  provided  that  the  six  month   period
     following the end of the Employment Term shall not apply if:
     (i)  Executive's  employment is terminated  by  the  Company
     without Cause, (ii) Employee resigns his employment for Good
     Reason, or (iii) Employee provides the Company with a timely
     Continuation Notice but the Company decides not to  continue
     Executive's employment after the Ending Date.

     c.    The  phrase  "business that is  competitive  with  the
     business  of the Company" shall mean any business  in  which
     the  Company  is  engaged,  including,  without  limitation,
     digital,  life  sciences, and physical  sciences  technology
     development, management and commercialization.

     d.    Passive  investment of less than two  percent  of  the
     outstanding equity securities of an entity which  is  listed
     on  a national or regional securities exchange shall not, in
     itself, constitute a violation of this Section 12.

     13.   Intellectual Property Rights.  Executive will,  during
the  period  of his employment, disclose to the Company  promptly
and  fully  all  Intellectual  Property  made  or  conceived   by
Executive  (either solely or jointly with others)  including  but
not limited to Intellectual Property which relate to the business
of the Company or the Company's actual or anticipated research or
development,  or  result  from work  performed  by  him  for  the
Company.   All Intellectual Property and all records  related  to
Intellectual  Property, whether or not patentable, shall  be  and
remain   the   sole  and  exclusive  property  of  the   Company.
"Intellectual  Property" means all copyrights, trademarks,  trade
names,   trade  secrets,  proprietary  information,   inventions,
designs,  developments,  and  ideas,  and  all  know-how  related
thereto.   Executive hereby assigns and agrees to assign  to  the
Company  all his rights to Intellectual Property and any patents,
trademarks,  or  copyrights which may be issued with  respect  to
Intellectual Property.  Executive further acknowledges  that  all
work  shall  be  work  made  for  hire.   During  and  after  the
Employment Term, Executive agrees to assist the Company,  without
charge  to the Company but at its request and expense, to  obtain
and  retain rights in Intellectual Property, and will execute all
appropriate related documents at the request of the Company.

     Executive understands that this Paragraph 13 shall not apply
to  any  Intellectual Property for which no equipment,  supplies,
facilities,  trade secret, or other confidential  information  of
the Company was used  and which was developed entirely on his own
time,  and  does not relate to the business of the  Company,  its
actual or anticipated research, and does not result from any work
performed by him for the Company.

     14.   Successors  and  Assignees.   This  Agreement  may  be
assigned  by  the  Company  to any successor  or  assignee  of  a
substantial  portion of the business of the Company  (whether  by
transfer   of   assets  or  stock,  merger  or   other   business
combination).  Executive may not assign his rights or obligations
under this Agreement.

     15.   Binding  Effect.  This Agreement shall  inure  to  the
benefit  of  and be binding upon the parties and their respective
heirs, successors, legal representatives and permitted assigns.

     16.   Notices.  Any notice required or permitted to be given
under this Agreement shall be sufficient if in writing and either
delivered in person by reputable messenger or overnight  delivery
service,  by telecopy (with confirmation of receipt) or  sent  by
certified  mail,  postage  prepaid, if  to  the  Company  at  the
Company's principal place of business, c/o Chairman of the Board,
and  if to the Executive, at his home address most recently filed
with  the Company, or to such other address as either party shall
have designated in writing to the other party.

     17.  Law Governing.  This Agreement shall be governed by and
construed   in  accordance  with  the  laws  of  the   State   of
Connecticut.

     18.   Severability and Construction.   If any  provision  of
this  Agreement  is  declared void or  unenforceable  or  against
public  policy,  such  provision shall be  deemed  severable  and
severed  from  this Agreement and the balance of  this  Agreement
shall  remain in full force and effect.  If a court of  competent
jurisdiction determines that any restriction in this Agreement is
overbroad   or   unreasonable  under  the   circumstances,   such
restriction shall be modified or revised by such court to include
the maximum reasonable restriction allowed by law.

     19.   Remedies.  Executive and Company acknowledge and agree
that damages would not adequately compensate Company if Executive
were  to breach any of his covenants contained in this Agreement.
Consequently,  Executive agrees that in the  event  of  any  such
breach,  Company shall be entitled to enforce this  Agreement  by
means of an injunction or other equitable relief, in addition  to
any  other remedies including without limitation set off  against
any   amounts  due  Executive  by  Company  and  termination   of
Executive's employment for Cause.

     20.   Waiver.  Failure to insist upon strict compliance with
any  of  the terms, covenants or conditions hereof shall  not  be
deemed a waiver of such term, covenant or condition.

     21.    Entire  Agreement;  Modifications.   This   Agreement
constitutes the entire agreement of the parties with  respect  to
its  subject matter and supersedes all prior agreements, oral and
written,  between the parties with respect to the subject  matter
of  this  Agreement, including without limitation the  Employment
Agreement dated as of January 7, 1997; provided however that  any
Stock  Option Agreement between the parties signed on  or  before
the  Effective Date shall remain in full force and effect.   This
Agreement  may  be modified or amended only by an  instrument  in
writing signed by both parties.

     22.   Employment  and Income Taxes.  All  payments  made  to
Executive   pursuant  to  this  Agreement  will  be  subject   to
withholding  of employment taxes and other lawful deductions,  as
applicable.

                              COMPETITIVE TECHNOLOGIES, INC.

s/Frank R. McPike, Jr.        By: s/   John Sabin
  Frank R. McPike, Jr.        Title:    Chairman