EXHIBIT 10.1

                           EMPLOYMENT AGREEMENT

      AGREEMENT dated as of January 7, 1997 between Competitive
Technologies, Inc. , a Delaware corporation (hereinafter referred
to as "CTI"), and Frank R. McPike, Jr. of Ridgefield, Connecticut
(Hereinafter referred to as "McPike").

                                WITNESSETH:

      1.   Employment and Term.  CTI hereby employs McPike and
McPike hereby agrees to continue employment by CTI, for a period
commencing on January 7, 1997 and ending on January 6, 2000, unless
sooner terminated or extended as hereinafter provided.

      2.   Extension of Term.  Subject to the provisions of
paragraph 9 hereof, the term of this Agreement shall be extended
automatically for consecutive periods of twelve (12) calendar
months, commencing after January 7, 2000, unless either party
hereto shall give written notice to the other, not later than one
hundred and twenty days prior to January 7, 2000, or January 7 of
each calendar year thereafter, that either party elects to
terminate this Agreement as of January 6 of the following year.

      3.   Duties.  During the term hereof McPike shall serve in the
executive position of Chief Financial Officer of CTI and shall
serve on its Board of Directors. He shall perform during normal
business hours such duties as may be assigned to him from time to
time by the Chief Executive Officer. McPike shall report directly
to the Chief Executive Officer.

      4.   Compensation.  During the term hereof, CTI shall pay
McPike compensation at the minimum rate of One Hundred Sixty-Seven
Thousand Dollars ($167,000) per year, payable in twenty-six (26)
equal payments per year during the term hereof. McPike's
compensation shall be reviewed annually by the Board of Directors
of CTI.

      5.   Expense Reimbursement and Fringe Benefits.  CTI shall
reimburse McPike for all expenses incurred by him on behalf of or
attributable to the business of CTI. McPike shall be entitled to
receive (without cost to him) all medical and hospitalization
benefits, group life insurance coverage, term life insurance
coverage and all other benefits which CTI (or any of its associated
companies) currently provides or which may be hereafter instituted.

      6.   Restrictive Covenants.  In the event that McPike
terminates this Agreement, McPike covenants and agrees that, for a
period of two (2) years following such termination, he will not
engage, directly or indirectly, as an owner, employee, officer,
agent, representative or otherwise, or become a principal
stockholder, in any business operating in the United States of
America which is competitive with, or substantially similar to, the
principal business engaged in by CTI.

      7.   Right of CTI to Injunction.  If McPike violates the
provisions of paragraph 6 hereof, CTI shall be entitled to an
injunction to be issued by a court of competent jurisdiction
enjoining the breach of said provisions by McPike.

      8.   Safeguarding of Information.  McPike agrees that (a) he
will keep in strict confidence all proprietary information which he
may acquire during his employment relating to the business or
affairs of CTI or any of its associated companies; and (b) he will
not, without prior written consent of CTI communicate, divulge,
disclose, or use such confidential information except as may be
required to perform his duties hereunder.

      9.   Termination.  In the event of the death of McPike, this
Agreement shall terminate on the last day of the calendar month in
which such death shall occur, provided that all accrued rights of
McPike at the time of his death (including salary, stock options
and severance pay installments) shall be paid to his wife, Patricia
McPike, if and so long as she shall survive him. If his wife shall
not survive long enough to receive the benefits of all such rights,
any balance remaining thereafter shall be paid to McPike's estate.

      CTI shall have the right to terminate this Agreement:

      (a)  at any time for cause, which for purposes hereof shall
mean any criminal act by McPike; or

      (b)  if McPike is personally unable to perform his duties
hereunder for a period of six (6) consecutive months due to
physical or mental illness, disability or incapacity; provided,
however, that if CTI shall have terminated this Agreement because
of such illness, disability or incapacity and such illness,
disability or incapacity shall have been cured prior to the
termination of this Agreement then, in such event, this Agreement
shall ipso facto be reinstated for the remainder of the term hereof
with the same force and effect as if CTI had never exercised its
right of termination except that McPike shall not be entitled to
compensation hereunder for the period during which this Agreement
shall have been in a state of termination, and the executive duties
to be performed by McPike hereunder shall be those as specified by
the Board of Directors of CTI.

      10.  Enforceability After Termination.  The covenants and
agreements set forth in paragraphs 6, 7, and 8 shall survive and be
enforceable after the termination of this Agreement.

      11.  Complete Agreement.  This Agreement constitutes the
complete agreement between CTI and McPike, no verbal or other
statements, inducement or representations have been made to or
relied upon by McPike, and no modification hereto shall be binding
on either party unless in writing and signed by both parties
hereto.

      12.  Severability.  If any term or provision of this Agreement
shall to any extent be held invalid or unenforceable, the remaining
terms and provisions of this Agreement shall not be affected
thereby and shall be valid and enforceable to the fullest extent
permitted by law.

      13.  Binding Upon Successor.  This Agreement shall be binding
upon and inure to the benefit of McPike and shall be binding upon
and inure to the benefit of CTI and its successors and assigns.

      14.  Governing Law.  This Agreement shall be governed by the
laws of Connecticut as to both interpretation and performance.

      IN WITNESS WHEREOF, Competitive Technologies, Inc. has caused
this Agreement to be duly executed by its authorized officers and
its corporate seal to be hereunto affixed, and Mr. McPike has duly
signed and sealed this Agreement, all as of the day any year first
written above.

                                        COMPETITIVE TECHNOLOGIES, INC.

                                        By:   S/ George M. Stadler   
                                              George M. Stadler
                                              Chief Executive Officer
Accepted and Agreed:

This 7TH day of January, 1997


S/ Frank R. McPike, Jr.   
Frank R. McPike, Jr.