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                                 EXHIBIT 10(L)


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                                 AMENDMENT TO
                  SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT

         THIS AMENDMENT, dated as of April 23, 1997 by and between Union
Planters Corporation ("Employer") and John W. Parker ("Participant"), amends
that certain Supplemental Executive Retirement Agreement, dated as of February
23, 1995, by and between Employer and Participant (the "SERP").

         WHEREAS, Employer and Participant desire to amend the SERP as provided
herein;

         NOW, THEREFORE, in consideration of the foregoing and of the mutual
covenants and agreements set forth herein and for other good and valuable
consideration, the receipt and adequacy of which is hereby acknowledged, the
parties hereto agree as follows:

         1. Definition of "Change in Control". The current definition of the
term "Change in Control" in Section 1.5 of the SERP is hereby deleted in its
entirety and the following is substituted in lieu thereof

         "Change in Control" shall mean the occurrence of any of the following
events:

                  (i) The acquisition by any individual, entity or group
         (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities
         Exchange Act of 1934, as amended (the "Exchange Act")) (a "Person") of
         beneficial ownership (within the meaning of Rule l3d3 promulgated
         under the Securities Exchange Act of 1934, as amended) of 25% or more
         of either (A) the then outstanding shares of common stock of Employer
         (the "Outstanding Company Common Stock") or (B) the combined voting
         power of the then outstanding voting securities of Employer entitled
         to vote generally in the election of directors (the "Outstanding
         Company Voting Securities"); provided, however, that for purposes of
         this subsection (I), the following acquisitions shall not constitute a
         Change in Control: (w) any acquisition directly from Employer, (x) any
         acquisition by Employer, (y) any acquisition by any employee benefit
         plan (or related trust) sponsored or maintained by Employer or any
         corporation controlled by Employer, or (z) any acquisition by any
         Person pursuant to a transaction which complies with clauses (A), (B)
         and (C) of subsection (iii) of this Section 1.5; or

                  (ii) Individuals who, as of the date hereof, constitute the
         Board of Directors of Employer (the "Incumbent Board") cease for any
         reason to constitute at least a majority of the Board; provided,
         however, that any individual becoming a director subsequent to the
         date hereof whose election, or nomination for election by Employer's
         shareholders, was approved by a vote of at least a majority of the
         directors then comprising the Incumbent Board shall be considered as
         though such individual were a member of the Incumbent Board, but
         excluding, for this purpose, any such individual whose initial
         assumption of office occurs as a result of an actual or threatened
         election contest with respect to the election or removal of directors
         or other
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actual or threatened solicitation of proxies or consents by or on behalf of a
Person other than the Board; or

                  (iii) Consummation of a reorganization, merger or
         consolidation or sale or other disposition of all or substantially all
         of the assets of Employer (a "Business Combination"), in each case,
         unless, following such Business Combination,

                           (A) all or substantially all of the individuals and
                  entities who were the beneficial owners, respectively, of the
                  Outstanding Company Common Stock and outstanding Company
                  Voting Securities immediately prior to such Business
                  Combination beneficially own, directly or indirectly, more
                  than 65% of, respectively, the then outstanding shares of
                  common stock and the combined voting power of the then
                  outstanding voting securities entitled to vote generally in
                  the election of directors, as the case may be, of the
                  corporation resulting from such Business Combination
                  (including, without limitation, a corporation which as a
                  result of such transaction owns Employer or all or
                  substantially all of Employer's assets either directly or
                  through one or more subsidiaries) in substantially the same
                  proportions as their ownership, immediately prior to such
                  Business Combination of the Outstanding Company Common Stock
                  and Outstanding Company Voting Securities, as the case may
                  be, and

                           (B) no Person (excluding any corporation resulting
                  from such Business Combination or any employee benefit plan
                  (or related trust) of Employer or such corporation resulting
                  from such Business Combination) beneficially owns, directly
                  or indirectly, 25% or more of, respectively, the then
                  outstanding shares of common stock of the corporation
                  resulting from such Business Combination or the combined
                  voting power of the then outstanding voting securities of
                  such corporation except to the extent that such ownership
                  existed prior to the Business Combination, and

                           (C) at least a majority of the members of the board
                  of directors of the corporation resulting from such Business
                  Combination were members of the Incumbent Board at the time
                  of the execution of the initial agreement, or of the action
                  of the Board, providing for such Business Combination.

         3. Definition of "Disability". The current definition of the term
"Disability" in Section 1.7 of the SERP is hereby deleted in its entirety and
the following is substituted in lieu thereof

         "Disability" shall mean a mental or physical disability as determined
         by the Board in accordance with standards and procedures similar to
         those under Employer's employee longterm disability plan, if any. At
         any time that Employer does not maintain such a longterm disability
         plan, Disability shall mean the inability of Participant, as
         determined by the Board, to substantially perform his regular duties
         and responsibility due to a medically determinable physical or mental
         illness which has lasted (or can reasonably be expected to last) for a
         period of six consecutive months.


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         3. Definition of "Final Average Earnings". The current definition of
the term "Final Average Earnings" in Section 1. 11 of the SERP is hereby
deleted in its entirety and the following is substituted in lieu thereof

         "Final Average Earnings" shall mean the sum of (i) the Participant's
         or Eligible Participant's highest base salary in effect during any
         calendar year preceding his termination of employment, including the
         year in which such termination occurs, and (ii) the Participant's or
         Eligible Participant's highest annual bonus payable with respect to
         any calendar year preceding his termination of employment, including
         the year in which such termination occurs.

         Excise Tax Provision. Section 5.14 of the SERP is hereby deleted in
its entirety and the following is substituted in lieu thereof

         5.14. Payment of Taxes. Anything in this Agreement to the contrary
         notwithstanding, in the event it shall be determined that any payment
         of benefits under this Agreement (the "SERP Payment") would be subject
         to the excise tax imposed by Section 4999 of the Code, or any interest
         or penalties are incurred by Participant with respect to such excise
         tax (such excise tax, together with any such interest and penalties,
         are hereinafter collectively referred to as the "Excise Tax"), then
         Participant shall be entitled to receive an additional payment (an
         "Excise Tax Gross-Up Payment") in an amount such that after payment by
         Participant of all taxes (including any interest or penalties imposed
         with respect to such taxes), including, without limitation, any income
         taxes (and any interest and penalties imposed with respect thereto)
         and Excise Tax imposed upon the Excise Tax Gross-Up Payment,
         Participant retains an amount of the Excise Tax Gross-Up Payment equal
         to the Excise Tax imposed upon the SERP Payment. The Excise Tax
         Gross-Up Payment will be made within two (2) months following
         Participant's termination of employment, once a good faith
         determination has been made by either Employer or Participant that the
         SERP Payment is subject to the excise tax imposed by Section 4999 of
         the Code.

         The terms of the SERP not hereby amended shall be and remain in full
force and effect and are not affected by this Amendment.


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IN WITNESS WHEREOF, Participant and Employer have duly executed this Amendment
as of the day and year first above written.



                               /s/ John W. Parker
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                               John W. Parker
                               Participant




                               UNION PLANTERS CORPORATION


                               By:/s/ M. Kirk Walters
                                  -----------------------
                                  M. Kirk Walters
                                  Senior VP & Treasurer