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                                                                   EXHIBIT 10.26

Employment Agreement with Eldon M. Bullington dated January 3, 2000

December 10, 1999


ELDON BULLINGTON
2070 Goldenrod Lane
San Ramon, CA. 94583

Dear Eldon:

This letter when signed by you, will constitute an agreement between Cardiac
Pathways Corporation (the "Company") and you (the "Executive") concerning your
employment.

1.      The Company hereby hires the Executive and the Executive hereby accepts
        employment as Vice President -and Chief Financial Officer.

2.      The Company agrees to pay the Executive an annual base salary of
        $180,000.00 payable in accordance with the Company's standard payroll
        policy.

3.      The Company is in the process of developing an incentive bonus program.
        The program will establish goals and objectives and have a potential
        annual pay out of 20% (twenty percent) of base salary.

4.      Upon approval of the Board of Directors, and subject to all applicable
        Federal and State securities laws, the Company shall grant you an option
        to acquire 100,000 shares of the Company's Common Stock, at a purchase
        price equal to the fair market value of such common stock on the date of
        action by the Board. The vesting shall be over a four-year period with
        12/48ths of the total shares vesting after one year of employment and
        thereafter vesting 1/48th of the total remaining shares each month of
        your continuing employment. Please refer to the Company's Stock Option
        Plan for further details and terms.

5.      It is expected that your first day of employment with Cardiac Pathways
        will be January 3, 2000.

6.      a.     The term of this Agreement shall commence on your first day of
               employment and shall continue until terminated by either party in
               accordance with the provisions of this Section 5.

        b.     This Agreement may be terminated by the Company at any time for
               Justifiable


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ELDON BULLINGTON
Offer Letter
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               Cause (as hereinafter defined) provided that the Company shall
               pay the Executive an amount equal to the sum of his then current
               base salary as a severance payment for one month following the
               date of termination. For the purpose of this Agreement, the term
               "Justifiable Cause" shall include the occurrence of any of the
               following events: (i) the Executive's conviction for, or plea of
               nolo contendere, a felony or a crime involving moral turpitude,
               (ii) the Executive's commission of an act of personal dishonesty
               or breach of fiduciary duty involving personal profit in
               connection with the Company, (iii) the Executive's commission of
               an act, or failure to act, which the Executive's supervisor at
               the Company shall reasonably have found to have involved
               misconduct or gross negligence on the part of the Executive, in
               the conduct of his duties hereunder, (iv) habitual absenteeism,
               alcoholism or drug dependency on the part of the Executive which
               interfere with the performance of his duties hereunder, (v) the
               Executive's willful and material breach or refusal to perform his
               services as provided herein, (vi) any other material breach of
               this Agreement or (vii) the willful and material failure or
               refusal to carry out a direct request of the Executive's
               supervisor. The payment to the Executive of the severance payment
               described in this Section 5(b) will discharge all of the
               Company's obligations to the Executive.

        c.     This Agreement may be terminated by the Company at any time
               without Justifiable Cause provided that the Company shall pay the
               Executive an amount equal to the sum of his then current monthly
               base pay as a severance payment for a period of twelve months
               following the date of termination. Any payments made pursuant to
               this Section 5(c) shall be reduced to the extent the Executive
               received any other earnings related to employment or consulting
               services or other unemployment or disability compensation during
               the twelve month period. The payment of the Executive of the
               severance payment described in this Section 5(c) will discharge
               all of the Company's obligations (subject to the provisions noted
               in Section 6) to the Executive. If such termination takes place
               in the first year of the Executive's employment with the company,
               the incentive stock option will vest at 1/48th per month, and the
               one year waiting period pursuant to Section 4 shall be waived.

        d.     This Agreement maybe terminated by the Executive at any time upon
               30 days written notice, in which case the Company shall have no
               severance or other obligations to the Executive.

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7.      Notwithstanding anything set forth in this Section 7, upon the
        Executive's involuntary termination of employment from the Company (for
        any reason other


ELDON BULLINGTON
Offer Letter
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        than for Justifiable Cause) on or after an Acquisition (as defined
        below), the 100,000 shares of Common Stock described in Section 4 above
        shall be fully and immediately exercisable. For purposes of this Section
        7, an Acquisition shall be defined as a merger, reorganization, or sale
        of all or substantially all of the assets for the Company in which
        shareholders of the Company immediately prior to the transaction possess
        less than fifty percent (50%) of the voting power of the surviving
        entity (or its parent) immediately after the transaction. The
        resignation of the Executive after a Constructive Termination (as
        defined below) shall be treated as an involuntary termination of
        employment under this Section 7. For purposes of this Section 7, a
        Constructive termination shall mean a material reduction in salary or
        benefits, a material change in responsibilities, a requirement to
        relocate, except for office relocations that would not increase the
        Executive's one-way commute distance by more than thirty-five (35)
        miles.

8.      The Executive will be eligible to participate in any insurance or other
        benefit plan as may be sponsored or maintained by the Company from time
        to time for its employees. Cardiac Pathways currently offers medical,
        dental, vision, life and long-term disability insurance, a 401k,
        flexible benefits and an Employee stock purchase plan.

9.      This offer is contingent upon Cardiac Pathways receiving the enclosed
        Proprietary Information agreement which must be executed by you.

10.     In accordance with Federal immigration law, on your first day of
        employment, we will need to see documents proving your identity and
        eligibility to work in the United States. Documents which can satisfy
        these requirements are a valid driver's license and a social security
        card or a United States passport.

11.     Your employment is at will, as defined under applicable law. If your
        employment terminates for any reason, you shall not be entitled to any
        payments, benefits, damages, awards or compensation other than as
        provided above, or as otherwise be available in accordance with the
        Company's established employee plans and policies at the time of
        termination.

12.     If the terms of this letter and the enclosed Proprietary Information
        agreement are agreeable, please sign and return one copy of this letter
        and the agreement to our Human Resources Department. We look forward to
        working with you at Cardiac Pathways.

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ELDON BULLINGTON
Offer Letter
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Best personal regards,



/s/ Thomas M. Prescott

Thomas M. Prescott
President and Chief Executive Officer

Enclosures

Accepted effective as of December 13, 1999.

Start date effective no later than January 3, 2000.



/s/ Eldon M. Bullington
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ELDON M. BULLINGTON