Exhibit 10(f)

                             JACOBSON STORES INC.
                          DEFERRED COMPENSATION PLAN
                          --------------------------
               (Amended and Restated effective March 26, 1998)


ARTICLE I
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Purpose
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  1.1    The purpose of this Deferred Compensation Plan is to extend to key
         executives of Jacobson Stores Inc. a vehicle under which they may
         elect in advance to defer and invest future earnings in order to
         provide a source of funds at retirement.


ARTICLE II
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Definitions
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Unless the context otherwise requires, the following terms shall have the
meanings listed below:

  2.1    Account - The separate deferred compensation account established and
         maintained for each Participant.

  2.2    Aggregate Value of the Account - Determined by the amount of
         compensation that the Participant elects to defer plus the value
         added from interest as more fully set forth in Article III hereof.

  2.3    Allocation of Deferred Income - Deferred compensation will be
         credited to the Participant's Account as of the date such
         compensation would otherwise have been payable.

  2.4    Board of Directors - The Board of Directors of the Corporation.

  2.5    Corporation - Jacobson Stores Inc., a Michigan corporation.

  2.6    Deferred Income - That portion of a Participant's income payable as
         a monthly base salary or any merit bonus awarded or any fees earned
         with respect to any Earning Period, the payment of which Participant
         has elected to defer under the Plan.

  2.7    Earning Period - Each twelve (12) month period commencing May 1.

  2.8    Eligible Participant - Any Director, Officer or other Employee
         designated by the Board of Directors as being eligible to be a
         Participant in the Plan.

  2.9    Employee - Any person who is receiving remuneration for personal
         services rendered to the Corporation or a subsidiary as an employee
         hereof.

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                                                                    (3/26/98)

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  2.10   Effective Date - The effective date of the Plan is September 1, 1990.

  2.11   Merit Bonus - Additional compensation awarded, with respect to an
         Earning Period, to an Eligible Participant in the form of an
         executive bonus which is declared by the Board of Directors to be a
         Merit Bonus for the purposes of the Plan.

  2.12   Participant - Any Eligible Participant who elects to participate in
         the Plan in respect of any Earning Period and receives compensation
         eligible to be Deferred Income with respect to such Earning Period.

  2.13   Plan - Jacobson Stores Inc. Deferred Compensation Plan, as amended
         from time to time.

  2.14   Subsidiary - Any corporation or association in which 50% or more of
         the outstanding voting stock of such corporation or association is
         owned, either directly or indirectly, by Jacobson Stores Inc.


ARTICLE III
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Account Growth
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  3.1    Interest Bearing Account - The deferred compensation for a
         particular year will be treated as a cash Account with interest
         compounded annually and accrued at a rate to be determined from time
         to time by the Compensation Committee of the Board of Directors.


ARTICLE IV
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Distribution of Account
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  4.1    Time of Distribution - The Aggregate Value shall be distributed to a
         Participant within ninety (90) days after the earliest of the
         following events:
         1.  resignation or termination of employment with or service to the
                Corporation or any Subsidiary;
         2.  permanent incapacity, established to the reasonable satisfaction
                of the Committee referred to in Article VI hereof;
         3.  death; or
         4.  retirement.

  4.2    Resignation or Termination for Reasons Other Than Death, Permanent
         Incapacity or Retirement - Participants who resign or terminate
         employment or service for reasons other than death, permanent
         incapacity or retirement will receive payment of the Aggregate Value
         of the Account in the form of a lump-sum payment.

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                                                                    (3/26/98)

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  4.3    Distribution in the Event of Retirement - Participants who retire
         while employed by or in service to Jacobson Stores Inc. or any
         Subsidiary shall receive payment of their Aggregate Value of the
         Account in the form of a lump-sum payment or, at the option of the
         Corporation, in equal monthly or other regular intervals over a
         period of time, not to exceed ten (10) years, commencing ninety (90)
         days following the Participant's termination of employment.

  4.4    Distribution in the Event of Permanent Incapacity or Death - In the
         event of a Participant's permanent incapacity or death before the
         Participant has received any or all of the deferred payments to
         which the Participant is entitled, the remaining Aggregate Value of
         the Recipient's Account will be paid in the form of a lump-sum
         payment.

  4.5    All such payments will be made to Participant while living and, in
         the event of Participant's death, in accordance with Participant's
         written election.


ARTICLE V
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Election to Defer Compensation
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  5.1    Number of Elections - There may be only one election for each
         Earning Period.

  5.2    Revocability of Election - Once an election is made in writing for a
         particular Earning Period, the election cannot be revoked or
         changed.

  5.3    Time of Election - The election for each Earning Period must be made
         on or before May 1 of the applicable Earning Period.

  5.4    Manner of Election - A Participant may elect to defer compensation
         by giving written notice to the Plan administrator on a form
         provided by the Corporation. The Participant will be required to
         provide the following information:

         1. amount to be deferred; and
         2. the beneficiary or beneficiaries in the event of the
            Participant's death.

ARTICLE VI
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Administration and Amendment of Plan
------------------------------------

  6.1    Administration - The Plan shall be administered by the Compensation
         Committee of the Board of Directors or other committee designated or
         administrator appointed for such purpose by the Board of Directors
         (the "Committee"). The Committee shall have plenary authority to
         interpret the Plan, to decide all questions of fact arising under
         the Plan, to formulate rules and regulations covering the operation
         of the Plan, and to make all other determinations necessary or
         desirable in the administration of the Plan. The decision of the
         Committee on any questions concerning or involved in the
         interpretation or administration of the Plan shall be final and
         conclusive.

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                                                                    (3/26/98)

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  6.2    Maintenance of Account - The maintenance of each Account will be the
         responsibility of the Chief Financial Officer. A statement will be
         sent to each Participant advising them of the Aggregate Value as of
         the end of each fiscal year.

  6.3    Amendment of Plan - The Plan may at any time be amended, modified or
         terminated by the Committee. No amendment, modification or
         termination shall, without the consent of the Participant, adversely
         affect the accruals in the Participant's account.


ARTICLE VII
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Miscellaneous
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  7.1    Assignability - Neither Participant, Participant's estate, nor any
         beneficiary shall have any power to assign or encumber the right to
         receive payments under the Plan, and any attempted assignment or
         encumbrance thereof shall be null and void.

  7.2    Participant's Interest in Undistributed Aggregate Value - The right
         of any Participant to receive future installments under the
         provisions of the Plan will be an unsecured claim against the
         general assets of the Corporation. The Corporation's promise to pay
         the Aggregate Value of the Account will be a contractual obligation
         that is not evidenced by notes or secured in any way.

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                                                                    (3/26/98)