EXHIBIT 10.11


                         MONTHLY EMPLOYMENT AGREEMENT


      THIS AGREEMENT ("Agreement"), is  made and entered into  as of the  1st
 day of  February,  2001,  by and  between  CompuTrac,  Inc.,  a  corporation
 organized under  the  laws  of the  State  of  Texas ("CT"),  and  Harry  W.
 Margolis, an individual residing in Frisco, Texas (HWM or Executive), hereby
 agree as follows:

 1.   Employment:

      CT hereby employs  HWM to serve  as the Chief  Executive Officer of  CT
 with such duties, authority  and powers in this  capacity as are  determined
 from time-to-time by the Board of Directors of CT.

 2.   Term of Agreement:

      This Agreement is on  a month-to-month basis and  may be terminated  by
 either party by  providing the other  party with 30-days  written notice  of
 termination.

 3.   Compensation:

      HWM's compensation shall be the sum of $10,000.00 per month.

 4.   Miscellaneous:

      i.  During the term of this Agreement, CT shall provide and pay for: an
 automobile for HWM, as well as  all operating and maintenance costs of  said
 automobile; all medical  costs incurred by  HWM for himself  or his  spouse,
 including medical insurance premiums; monthly membership costs of Stonebriar
 Country Club;  all  reasonable  expenses for  communications  and  equipment
 necessary to permit Executive to work out of his home; the historical  split
 dollar costs as defined in the Agreement & Conditional Collateral Assignment
 document between HWM  and CT; and,  such other benefits  as are provided  to
 other employees of CT.

       ii. Following termination of this Agreement, CT agrees to continue  to
 provide medical  insurance in  force  and effect  for  HWM and  his  spouse,
 comparable to  group coverage  existing as  of the  effective date  of  this
 agreement.  This  insurance will be  provided until the  earlier of (1)  the
 date that  HWM  notifies CT  that  adequate replacement  coverage  has  been
 obtained  or  (2)   availability  of  full   Medicare  coverage   (including
 prescription drugs) to HWM  and his spouse. If  no replacement coverage  has
 been obtained within four years following termination of this agreement, HWM
 shall, thereafter,  reimburse  CT for  the  annual cost  of  providing  such
 coverage, not to exceed the cost of premiums during the one year immediately
 preceding  the  termination  of  this  Agreement.    For  purposes  of  this
 provision, the spouse of HWM shall be a third party beneficiary.

      iii. Executive has and will acquire confidential information by  virtue
 of his  employment with  CT.   Executive  agrees  to keep  such  information
 confidential.   In  the  event  of  any  breach,  threatened  or  actual  by
 Executive, it is expressly agreed that the sole remedy available to CT shall
 be a matter of right to a writ of injunction to prevent such breach  without
 the necessity of posting a bond.  If Executive challenges the right of CT to
 obtain an injunction and a court  of competent jurisdiction determines  that
 as a matter of law the  remedy of injunction is  not available, CT may  then
 seek compensatory damages.

      iv.  All inventions, tradenames, trademarks, copyrights,  improvements,
 processes, devices and  computer software made,  discovered or developed  by
 Executive during the term of his employment with CT which may be directly or
 indirectly useful in or which relate to  any phase of the business in  which
 CT is engaged, is  actively planning to be  engaged, or in  which CT or  its
 predecessors have  been engaged,  shall be  the property  of CT.   Upon  the
 request and at the  expense of CT, Executive  shall make application in  due
 form to  any domestic  or  foreign registry  requested  by CT  for  patents,
 trademarks, copyrights or similar protection and  will assign to CT all  his
 rights, title  and interest  to  said inventions,  improvements,  processes,
 devices, computer software, patents, trademarks, tradenames and  copyrights,
 and shall execute any instruments necessary  or which CT may deem  desirable
 and  will  cooperate  with  CT  in  all  respects  in  connection  with  any
 continuations, renewals  or  reissues of  patents,  trademarks,  tradenames,
 copyrights or similar  protection or in  the conduct of  any proceedings  or
 litigation in  regard thereto.   Upon  termination  of employment  with  CT,
 Executive agrees to deliver to CT all records, documents, data and  computer
 media records  of CT  in his  possession or  custody.   Notwithstanding  the
 foregoing, upon termination of employment, Executive shall have a  perpetual
 non-exclusive free license to use, improve, sell or license any of  computer
 software, invention, process,  device or improvement  developed by or  under
 the direction  of  Executive during  his  employment  with CT,  so  long  as
 Executive's activities in this area are not competitive with the  activities
 or planned  activities  of  CT  at  the time  of  the  termination  of  this
 employment.

      v.   Executive   shall   not   be   required   to   mitigate   damages.

      vi.   The terms  hereof replace  and  control the  terms of  all  prior
 employment agreements, but do not affect the terms of the promissory note or
 collateral assignment agreements between HWM and CT.


 Dated this ______ day of  January, 2001, effective February 1, 2001.



 Executive:                         CompuTrac, Inc.


 ___________________________        By:_______________________________
 Harry W. Margolis                       George P. Pardue
                                    Its: Chief Financial Officer