Exhibit 10.1
<PAGE>

                        AMENDMENT TO EMPLOYMENT AGREEMENT

         WHEREAS,  Redwood  Falls  Federal  Savings  and Loan  Association  (the
"Association")  and Paul W. Pryor (the  "Employee")  previously  entered into an
Employment Agreement (the "Agreement") dated February 15, 1995, and

         WHEREAS,  Section 14 of the Agreement  provides that amendments to this
Agreement may be made in writing and signed by both parties,

         NOW  THEREFORE,  BE IT  RESOLVED  that this  Agreement  be  amended  by
adoption and execution of this Amendment to the Agreement as follows.

1.       Revision to Section 5 of the  Agreement by  inclusion of the  following
         phrase at the end of Section 5 as follows:

         "Notwithstanding  anything herein to the contrary,  the expiration date
         of the term of this Agreement shall be as of February 15, 2000,  except
         as may be extend  beyond that date by future action of the Board within
         its sole discretion in accordance with this Agreement."

2.       Revision to Section 2 of the  Agreement by  inclusion of the  following
         phrase at the end of Section 2 as follows:

         "Notwithstanding  anything herein to the contrary,  effective  February
         15,  1997,  the annual  salary of the  Employee  shall be  increased to
         $113,820.00,  or as may be increased  thereafter by the Board from time
         to time."


         As Secretary to the  Association,  I hereby  certify that the foregoing
Amendment  was adopted and ratified by a majority vote of a meeting of the Board
of  Directors  of the  Association,  held on February  13,  1997, a quorum being
present.

                                            /s/Rebecca A. Olson
                                            -----------------------------
                                            Rebecca A. Olson, Secretary

SEAL


         IN WITNESS  WHEREOF,  the parties to the Agreement  dated  February 13,
1997,  do hereby  execute this  Amendment  to the  Agreement on this 13th day of
February, 1997


                                            Redwood Falls Federal Savings
                                              and Loan Association


                                    By:     /s/James P. Tersteeg
                                            ------------------------------
                                            James P. Tersteeg


                                            /s/Paul W. Pryor
                                            ------------------------------
                                            Paul W. Pryor, Employee


ATTEST:

/s/Rebecca A. Olson
---------------------------
Rebecca A. Olson, Secretary



SEAL


<PAGE>


                        AMENDMENT TO EMPLOYMENT AGREEMENT

         WHEREAS,  Redwood  Falls  Federal  Savings  and Loan  Association  (the
"Association")  and Donald C. Orth (the "Employee")  previously  entered into an
Employment Agreement (the "Agreement") dated February 15, 1995, and

         WHEREAS,  Section 14 of the Agreement  provides that amendments to this
Agreement may be made in writing and signed by both parties,

         NOW  THEREFORE,  BE IT  RESOLVED  that this  Agreement  be  amended  by
adoption and execution of this Amendment to the Agreement as follows.

1.       Revision to Section 5 of the  Agreement by  inclusion of the  following
         phrase at the end of Section 5 as follows:

         "Notwithstanding  anything herein to the contrary,  the expiration date
         of the term of this Agreement shall be as of February 15, 2000,  except
         as may be extend  beyond that date by future action of the Board within
         its sole discretion in accordance with this Agreement."

2.       Revision to Section 2 of the  Agreement by  inclusion of the  following
         phrase at the end of Section 2 as follows:

         "Notwithstanding  anything herein to the contrary,  effective  February
         15,  1997,  the annual  salary of the  Employee  shall be  increased to
         $57,576.00, or as may be increased thereafter by the Board from time to
         time."


         As Secretary to the  Association,  I hereby  certify that the foregoing
Amendment  was adopted and ratified by a majority vote of a meeting of the Board
of  Directors  of the  Association,  held on February  13,  1997, a quorum being
present.

                                            /s/Rebecca A. Olson
                                            -----------------------------
                                            Rebecca A. Olson, Secretary

SEAL


         IN WITNESS  WHEREOF,  the parties to the Agreement  dated  February 13,
1997,  do hereby  execute this  Amendment  to the  Agreement on this 13th day of
February, 1997


                                            Redwood Falls Federal Savings
                                              and Loan Association


                                    By:     /s/James P. Tersteeg
                                            ------------------------------
                                            James P. Tersteeg


                                            /s/Donald C. Orth
                                            ------------------------------
                                            Donald C. Orth, Employee


ATTEST:

/s/Rebecca A. Olson
---------------------------
Rebecca A. Olson, Secretary



SEAL