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                                                                 EXHIBIT 10.27.1

                                 FIRST AMENDMENT

                                     TO THE

                         SIMMONS RETIREMENT SAVINGS PLAN

SECTION I. LIMITATIONS ON CONTRIBUTIONS

1. Effective date. This Section shall be effective for limitation years
beginning after December 31, 2001.

2. Maximum annual addition. The annual addition that may be contributed or
allocated to a Participant's Account under the Plan for any limitation year
shall not exceed the lesser of:

(a) $40,000, as adjusted for increases in the cost-of-living under Section
415(d) of the Code, or

(b) 100 percent of the Participant's Salary, within the meaning of Section
415(c)(3) of the Code, for the limitation year. The Salary limit referred to in
(b) shall not apply to any contribution for medical benefits after separation
from service (within the meaning of Section 401(h) or Section 419A(f)(2) of the
Code) which is otherwise treated as an annual addition.

SECTION II. INCREASE IN SALARY LIMIT

The annual Salary of each Participant taken into account in determining
allocations for any Plan Year beginning after December 31, 2001, shall not
exceed $200,000, as adjusted for cost-of-living increases in accordance with
Section 401(a)(17)(B) of the Code. Annual Salary means Salary during the Plan
Year or such other consecutive 12-month period over which Salary is otherwise
determined under the Plan (the determination period). The cost-of-living
adjustment in effect for a calendar year applies to annual Salary for the
determination period that begins with or within such calendar year.

SECTION III. MODIFICATION OF TOP-HEAVY RULES

1. Effective date. This Section shall apply for purposes of determining whether
the Plan is a top-heavy Plan under Section 416(g) of the Code for Plan Years
beginning after December 31, 2001, and whether the Plan satisfies the minimum
benefits requirements of Section 416(c) of the Code for such years. This Section
amends Section 23 of the Plan.


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2. Determination of top-heavy status.

2.1 Key Employee. Key Employee means any Employee or former Employee (including
any deceased Employee) who at any time during the Plan Year that includes the
determination date was an officer of the Employer having annual Salary greater
than $130,000 (as adjusted under Section 416(i)(1) of the Code for Plan Years
beginning after December 31, 2002), a 5-percent owner of the Employer, or a
1-percent owner of the Employer having annual Salary of more than $150,000. For
this purpose, annual Salary means Salary within the meaning of Section 415(c)(3)
of the Code. The determination of who is a Key Employee will be made in
accordance with Section 416(i)(1) of the Code and the applicable regulations and
other guidance of general applicability issued thereunder.

2.2 Determination of present values and amounts. This Section 2.2 shall apply
for purposes of determining the present values of accrued benefits and the
amounts of Account balances of Employees as of the determination date.

2.2.1 Distributions during year ending on the determination date. The present
values of accrued benefits and the amounts of Account balances of an Employee as
of the determination date shall be increased by the distributions made with
respect to the Employee under the Plan and any Plan aggregated with the Plan
under Section 416(g)(2) of the Code during the 1-year period ending on the
determination date. The preceding sentence shall also apply to distributions
under a terminated Plan which, had it not been terminated, would have been
aggregated with the Plan under Section 416(g)(2)(A)(i) of the Code. In the case
of a distribution made for a reason other than separation from service, death,
or disability, this provision shall be applied by substituting "5-year period"
for "1-year period."

2.2.2 Employees not performing services during year ending on the determination
date. The accrued benefits and accounts of any individual who has not performed
services for the Employer during the 1-year period ending on the determination
date shall not be taken into account.

3. Minimum benefits.

3.1 Employer Matching Contributions. Employer Matching Contributions shall be
taken into account for purposes of satisfying the minimum contribution
requirements of Section 416(c)(2) of the Code and the Plan. The preceding
sentence shall apply with respect to Employer Matching Contributions under the
Plan or, if the Plan provides that the minimum contribution requirement shall be
met in another Plan, such other Plan. Employer Matching Contributions that are
used to satisfy the minimum contribution requirements shall be treated as
Employer Matching Contributions for purposes of the actual contribution
percentage test and other requirements of Section 401(m) of the Code.


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SECTION IV. DIRECT ROLLOVERS OF PLAN DISTRIBUTIONS

1. Effective date. This Section shall apply to distributions made after December
31, 2001.

2. Modification of definition of eligible retirement plan. For purposes of the
direct rollover provisions in Section 11(i) of the Plan, an eligible retirement
Plan shall also mean an annuity contract described in Section 403(b) of the Code
and an eligible plan under Section 457(b) of the Code which is maintained by a
state, political subdivision of a state, or any agency or instrumentality of a
state or political subdivision of a state and which agrees to separately account
for amounts transferred into such plan from this Plan. The definition of
eligible retirement plan shall also apply in the case of a distribution to a
surviving spouse, or to a spouse or former spouse who is the alternate payee
under a qualified domestic relation order, as defined in Section 414(p) of the
Code.

3. Modification of definition of eligible rollover distribution to exclude
hardship distributions. For purposes of the direct rollover provisions in
Section 11(i) of the Plan, any amount that is distributed on account of hardship
shall not be an eligible rollover distribution and the distributee may not elect
to have any portion of such a distribution paid directly to an eligible
retirement Plan.

SECTION V. ROLLOVERS DISREGARDED IN INVOLUNTARY CASH-OUTS

Rollovers disregarded in determining value of Account balance for involuntary
distributions. For purposes of Section 11(f) of the Plan, the value of a
Participant's nonforfeitable Account balance shall be determined without regard
to that portion of the Account balance that is attributable to rollover
contributions (and earnings allocable thereto) within the meaning of Sections
402(c), 403(a)(4), 403(b)(8), 408(d)(3)(A)(ii), and 457(e)(16) of the Code. If
the value of the Participant's nonforfeitable Account balance as so determined
is $5,000 or less, the Plan shall immediately distribute the Participant's
entire nonforfeitable Account balance.

SECTION VI. MODIFICATION OF TOP-HEAVY RULES

The top-heavy requirements of Section 416 of the Code and Section 23 of the Plan
shall not apply in any year beginning after December 31, 2001, in which the Plan
consists solely of a cash or deferred arrangement which meets the requirements
of Section 401(k)(12) of the Code and Employer Matching Contributions with
respect to which the requirements of Section 401(m)(11) of the Code are met.



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SECTION VII. SUSPENSION PERIOD FOLLOWING HARDSHIP DISTRIBUTION

A Participant who receives a distribution of Salary Deferrals after December 31,
2001, on Account of hardship shall be prohibited from making Salary Deferrals
under this and all other Plans of the Employer for 6 months after receipt of the
distribution. A Participant who receives a distribution of Salary Deferrals in
calendar year 2001 on account of hardship shall be prohibited from making Salary
Deferrals under this and all other Plans of the Employer for the period
specified in Section 12(a).

SECTION VIII. DISTRIBUTION UPON SEVERANCE FROM EMPLOYMENT

A Participant's Salary Deferrals, qualified Employer Non-elective Contributions,
qualified Employer Matching Contributions, rollover contributions and earnings
attributable to these contributions shall be distributed on account of the
Participant's severance from employment. However, such a distribution shall be
subject to the other provisions of the Plan regarding distributions, other than
provisions that require a separation from service before such amounts may be
distributed. Distribution upon severance from employment shall commence for
distributions after December 31, 2001.


                                            SIMMONS COMPANY

Date: February 25, 2002

                                            By: /s/

                                                      William S. Creekmuir

                                            Its: Executive Vice President & CFO