**EXHIBIT 10.14**

 

**JONES APPAREL GROUP, INC.DEFERRED COMPENSATION PLAN FOR OUTSIDE DIRECTORS**As Amended and Restated Effective as of January 1, 2005 

Jones Apparel Group, Inc. (the "Company") has established the DeferredCompensation Plan for Outside Directors (the "Plan") in order to enhance theCompany's ability to attract and retain talented individuals to serve asDirectors of the Board of Directors of the Company (the "Board") by giving themthe opportunity to defer receipt of all or a portion of their annual retainerand meeting attendance fees from the Company (the "Fees"). 

| **1.** | **Effective Date.**		The Plan originally was established effective as of January 1, 2003 with		respect to Fees payable for periods beginning on and after January 1,		2003. This document sets forth the terms of the Plan as amended and		restated effective as of January 1, 2005 to comply with the requirements		of Section 409A of the Internal Revenue Code of 1986, as amended (the		"Code").                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **2.** | **Participation.**		Each non-employee Director ("Eligible Director") may elect to defer all		or a portion of his or her Fees in accordance with Section 4 of the		Plan. Each Eligible Director who makes any such election shall be a Plan		Participant.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| **3.** | **Administration.**		The Board's Compensation Committee shall act as the administrator of the		Plan (the "Administrator"). The Administrator shall have the power and		authority to administer, construe and interpret the Plan and to correct		any defect or supply any omission or reconcile any inconsistency in the		Plan as, in its sole discretion, it deems necessary or desirable. All		actions and determinations of the Administrator shall be final,		conclusive and binding on all parties concerned. The Administrator shall		not be liable for any act done or determination made in good faith. The		expense of administering the Plan shall be borne by the Company and		shall not be charged against benefits payable hereunder. The		Administrator may employ agents and delegate to them such administrative		duties as the Administrator sees fit. Notwithstanding the foregoing		provisions of this Section 3, the Board may exercise any power or		perform any function of the Administrator, in which case any applicable		reference to Administrator shall be deemed to refer to the Board.   |
| **4.** | **Deferral of Compensation.**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | **(a)**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | **Deferral Election.** Prior to		the first day of each calendar year (or such earlier date as the		Administrator may determine from time to time), an Eligible Director may		elect to defer all or a portion of the Fees otherwise payable to that		Eligible Director (a "Deferral Election") for such calendar year (the		"Plan Year") by executing a Deferral Election Form in the form		prescribed by the Administrator. In the event that an Eligible Director		first becomes eligible to participate during a Plan Year, he or she may		make a Deferral Election within thirty (30) days of becoming eligible to		participate in the Plan with respect to Fees earned in such calendar		year following the submission of the Deferral Election Form.   |
|   | **(b)**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | **Investment Election.** In		addition to electing to defer Fees, the Deferral Election Form for each		Plan Year will require the Eligible Director to elect to have the		deferred Fees credited on the Company's books in the form of (i) share		units ("Share Units"), with each unit representing a share of common		stock, par value $0.01, of the Company ("Common Stock"), (ii) cash units		("Cash Units"), the value of which shall be determined as set forth		below in Section 5(a) of this Plan, or (iii) such other investment unit		alternatives as the Board may make available from time to time ("Other		Investment Units"). |

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|   | **(c)**                         | **General Rules Applicable to		Elections.** Deferral Elections shall be made in the form, manner,		and in accordance with the notice requirements, prescribed by the		Administrator. Except as otherwise provided in this Plan, the elections		made by a Participant with respect to Fees for a Plan Year shall become		irrevocable as of the last date on which such election can be made for		the Plan Year pursuant to this Section 4.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|--------|---------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | **(d)**                         | **Cancellation of Deferral Election.**		The Administrator may permit a Participant to cancel a deferral election		during a Plan Year if it determines the Participant has had an		"unforeseeable emergency" as defined in Section 7 below.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| **5.** | **Participant Accounts.**  |
|   | **(a)**                         | **Crediting to Participant Accounts.**		An account (an "Account") shall be established on the Company's books to		record a Participant's deferrals, which shall be credited in the form of		Cash Units, Share Units and/or Other Investment Units, as the case may		be. Each Participant Account shall be credited with an amount equivalent		to the Fees that would have otherwise been paid to the Participant, such		credit to be made on the date on which the Fees would have been paid		absent a Deferral Election. The number of Share Units to be credited to		a Participant's Account shall be determined by dividing the dollar		amount of the deferred Fees by the Market Value of the Common Stock on		the date the Fees would have otherwise been paid. The "Market Value" of		the Common Stock as of a given date means the closing price of the		Common Stock on the New York Stock Exchange (as reported in the Eastern		Edition of The Wall Street Journal) on such given date or, if shares		were not traded on such date, on the next preceding date on which shares		were traded; provided that, if the Common Stock is traded on an		exchange or market in which prices are reported on a bid and asked price		basis, "Market Value" shall mean the average of the mean between the bid		and the asked price for the Common Stock at the close of trading for the		ten consecutive trading days immediately preceding such given date; and		providedfurther that, if the Common Stock is not listed		on a national securities exchange nor traded on the over-the-counter		market, the ′′Market Value′′ shall be determined by the Administrator in		good faith.  |
|   | **(b)**                         | **Dividend and Interest Credits.** Each		Account that holds Share Units shall be adjusted appropriately by the		Administrator for any dividends on the Common Stock as of the dividend		payment date, which adjustment shall be in the form of additional Share		Units determined by multiplying the number of Share Units then credited		to the Account by the ratio of the dollar amount of the dividend per		share over the current Market Value of the Common Stock. The		Administrator shall also adjust appropriately the number of Share Units		in each Account for any stock dividend, split, combination or other		change in the Common Stock (including, without limitation, pursuant to		any merger, acquisition or other transaction). Cash Units credited to an		Account shall accrue interest compounded on the last day of each		calendar month based on the weighted-average U.S. Treasury bill interest		rate during the applicable month.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   | **(c)**                         | **No Transfers Among Investment Units.**		A Participant may not transfer or reallocate existing amounts in his or		her Account among Share Units, Cash Units or any Other Investment Units.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | **(d)**                         | **Account Vesting.** A		Participant shall be fully vested in his or her Account at all times.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | **(e)**                         | **No Attendant Rights from Share Units.**		Except as provided in Section 5(b), a Participant shall not have any of		the attendant rights of a holder of a share of Common Stock in		connection with Share Units allocated to his or her Account, including		the right to vote and the right to receive dividends provided to holders		of actual shares of Common Stock.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

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| **6.** | **Payment of Accounts.**  |
|--------|--------------------------------|
|   | **(a)**                        | Time of Payment. At the time of		making the initial Deferral Election pursuant to Section 4(a), a		Participant shall elect the date and form of payment of the		Participant's Account balance on a Payment Election Form in the form		prescribed by the Administrator. Subject to Section 8, payment of a		Participant's Account balance will commence as soon as practicable		following the earlier of:   |
|   |                           | **(i)** | the Participant's separation		from service as a director on the Board (provided that the Participant		is not then serving as a director on the board of directors of any		"Related Company") (a "Separation from Service"); or   |
|   |                           | **(ii)** | the date elected by the		Participant on the Payment Election Form, which date shall be the first		day of a month elected by the Participant that is more than six (6)		months following the date of election.   |
|   |                           | The term "Related Company"		means any corporation which is included in a controlled group of		corporations (as defined in Section 414(b) of the Code), which includes		the Company or any trade or business (whether or not incorporated) which		is under common control (as defined in Section 414(c) of the Code) with		the Company.  |
|   | **(b)**                        | **Form of Payment.**		Payment of a Participant's Account balance will be made in a lump-sum		payment, unless the Participant elects on a Payment Election Form to		receive the amounts in annual installments over a period of time not to		exceed ten (10) years. Accounts shall be paid to Participants in the		form of cash.   |
|   |                           | **(i)** | **Lump-Sum Payment.**  |
|   |                           |   | **(A)** | **Valuation Upon Separation from		Service.** If a lump sum payment is made upon Separation from		Service, the Participant's Account shall be valued on the date of such		Separation from Service by determining the value of Share Units based on		the Market Value of Common Stock on such date, by crediting interest to		Cash Units at the applicable rate from the end of the preceding month to		the date of the Participant's Separation from Service and by determining		the value of Other Investment Units on such date in accordance with		procedures established by the Administrator.   |
|   |                           |   | **(B)** | **Valuation in Connection with an		Elected Date.** If a lump-sum payment is made at an elected		distribution date, the Participant's Account balance shall be valued on		the last day of the calendar month coincident with or next preceding the		date elected by the Participant by determining the value of Share Units		based on the Market Value of Common Stock on that date, by crediting		interest to Cash Units at the applicable rate through that date and by		determining the value of Other Investment Units on that date in		accordance with procedures established by the Administrator.  |
|   |                           | **(ii)** | **Installment Payment.**  |
|   |                           |   | **(A)** | **Installment Amount.** If the		annual installment method is elected, the amount of each annual payment		will be determined by dividing the Account (as determined below) on the		Payment Date by the remaining number of installment payments (e.g., if		10 installments are elected, the first payment would be equal to 1/10 of		the balance on the first Payment Date, the second payment would be equal		to 1/9 of the balance on the second Payment |

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|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |    | Date, and so on), with the full Account		balance being distributed on the last Payment Date. For purposes of this		Plan, the first ′′Payment Date′′ shall be the earlier of (1) the first day		of the month elected by the Participant in his or her Payment Election		Form in accordance with Section 5(a), if any, or (2) the first day of		the month following the Participant's Separation from Service, and each		subsequent "Payment Date" shall be on the annual anniversary of the		first Payment Date.                                                                                                                                                                                                                                  |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | **(B)** | **Valuation for Installment Method.**		If payments are made using the installment method, the Participant's		Account shall be valued as of the end of the month preceding each		Payment Date (the "Valuation Date") by determining the value of Share		Units based on the Market Value of Common Stock on the Valuation Date,		by crediting interest to Cash Units at the applicable rate through the		Valuation Date and by determining the value of Other Investment Units on		the Valuation Date in accordance with procedures established by the		Administrator. For purposes of Section 409A of the Code, a Participant's		right to a series of payments using the installment method shall be		treated as a right to a series of separate payments.  |
|   | **(c)**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | **Change in Time or Form of		Payment.** A Participant may change a Payment Election Form by		submitting to the Administrator a new Payment Election Form; provided,		that, with respect to any subsequent election to delay the timing		or form of distribution of an Account balance existing on the date on		which the new Payment Election Form is submitted, (i) such election		shall not take effect until twelve (12) months after the date the new		Payment Election Form is submitted and (ii) any new Payment Date elected		by the Participant shall be at least five (5) years after the previously		elected Payment Date, unless the special transition rules set forth in		Section 18 of this Plan apply.  |
| **7.** | **Early Payment for		Financial Hardship.** The Administrator, in its sole discretion,		may permit a hardship payment to be made to a Participant at any time		prior to Separation from Service in the event of an "unforeseeable		emergency". Withdrawals of amounts because of an unforeseeable emergency		will be permitted to the extent reasonably needed to satisfy the		emergency need.                                                                                                                                                                                                                                                                                                                                     |
|   | **(a)**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | For purposes of this Section,		the term "unforeseeable emergency" means a severe financial hardship to		the Participant resulting from an illness or accident of the		Participant, the Participant's spouse or a dependent (as defined in		Section 152(a) of the Code) of the Participant, loss of the		Participant's property due to casualty, or other similar extraordinary		and unforeseeable circumstances arising as a result of events beyond the		control of the Participant.                                                                                                                                                                                                                                  |
|   | **(b)**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | The circumstances that will		constitute an unforeseeable emergency will depend upon the facts of each		case, but, in any case, payment may not be made to the extent that such		hardship is or may be relieved: (i) through reimbursement or		compensation by insurance or otherwise; (ii) by liquidation of the		Participant's assets, to the extent the liquidation of such assets would		not itself cause severe financial hardship; or (iii) by cessation of Fee		deferrals under the Plan.                                                                                                                                                                                                                        |
| **8.** | **Payment in the Event of		Death.** In the event that a Participant's Separation from Service		occurs by reason of the Participant's death, the Company shall, within		thirty (30) days thereafter, pay the aggregate balance of the		Participant's Account to the Participant's beneficiary or beneficiaries		in the form of a single lump-sum. Each Participant may designate one or		more death beneficiaries by executing a Beneficiary Designation Form in		the form prescribed by the Administrator. A Participant may change the		designated beneficiary or beneficiaries at any time prior to the		Participant's death by the delivery to the Administrator of a new		Beneficiary Designation Form. If no beneficiary has been |

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|    | designated, or if no designated		beneficiary survives the Participant, payments pursuant to this Section		8 shall be made to the Participant's estate.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **9.**  | **Assignment and Alienation		of Benefits.** Except to the extent provided in Section 8 of this		Plan or pursuant to a domestic relations order issued by a court of		proper authority (which order specifies the amount and timing of any		payment to a Participant's former spouse), no Participant or beneficiary		may sell, assign, transfer, encumber, or otherwise dispose of the right		to receive payments hereunder.                                                                                                                                                                                                                                                                                                                                   |
| **10.** | **Unsecured Obligation.**		The obligation of the Company to make payments of amounts credited to		the Participant's Account shall be a general unsecured obligation of the		Company, and such payment shall be made from general assets and property		of the Company. The Participant's relationship to the Company under the		Plan shall be only that of a general unsecured creditor, and neither		this Plan, nor any agreement entered into hereunder, or action taken		pursuant hereto, shall create or be construed to create a trust for		purposes of holding and investing Account balances. The Company reserves		the right to establish such a trust, but such establishment shall not		create any rights in or against any amounts held thereunder.  |
| **11.** | **Amendment or Termination.**		The Board may amend or terminate this Plan at any time and from time to		time. Any amendment or termination of this Plan shall not affect the		rights of a Participant accrued prior thereto without the Participant's		written consent. Notwithstanding the foregoing provisions of this		Section 11, the Board may at any time partially or completely terminate		the Plan if, in its judgment, the tax, accounting, or other effects of		the continuance of the Plan would not be in the best interests of the		Company.                                                                                                                                                                                                     |
|    | **(a)**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | **Partial Termination.** The		Board may partially terminate this Plan by instructing the Administrator		to not accept any additional deferrals and/or any additional Deferral		Elections under the Plan. If such a partial termination occurs, the Plan		shall continue to operate and be effective with regard to (i) Accounts		in existence prior to the effective date of such partial termination and		(ii) in the case of the cessation only of future Deferral Elections,		future deferrals pursuant to Deferral Elections made prior to the		effective date of such partial termination.  |
|    | **(b)**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | **Complete Termination.** The		Board may completely terminate this Plan, in which case (i) no further		deferrals will be accepted by the Plan, (ii) no further Deferral		Elections will be accepted by the Plan and (iii) if permitted pursuant		to Treasury Regulation section 1.409A-3(j)(4)(ix), all Accounts will be		paid out in full as soon as practicable after the effective date of such		complete termination.   |
| **12.** | **Taxes.** The		Company is not responsible for any of the income taxes resulting from an		Eligible Director's participation in the Plan. The Company shall comply		with all applicable tax reporting requirements relating to payments		under the Plan, and all payments under the Plan shall be subject to any		required tax withholding.                                                                                                                                                                                                                                                                                                                                                                                                                     |
| **13.** | **No Right to Continued		Directorship.** Nothing in this Plan confers upon any Director the		right to continue as a member of the Board or interferes with the rights		of the Company and its shareholders to remove any Director in accordance		with the Company's bylaws.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| **14.** | **Validity.** In case		any provision of this Plan shall be held illegal or invalid for any		reason, such illegality or invalidity shall not affect the remaining		parts of the Plan, and the Plan shall be construed and enforced as if		such illegal and invalid provision had never been incorporated herein.                                                                                                                                                                                                                                                                                                                                                                                                                                                     |

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| **15.** | **Successors and Assigns.**		The Company's obligations under the Plan shall be binding on all assigns		of the Company and upon any successor corporation or entity resulting		from the merger, acquisition, consolidation, dissolution or		reorganization of the Company, or upon any successor corporation or		organization succeeding to all or substantially all of the assets of the		Company. The Plan shall be binding on all successors and assigns of a		Participant, including the Participant's beneficiaries and estate and		the executor, administrator or trustee of such estate, or any receiver		or trustee in bankruptcy or representative of the Participant's		creditors.                                                                                                                                                                                                                                                   |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **16.** | **Compliance with Rule		16b-3.** It is the Company's intention that the Plan comply with		Rule 16b 3 promulgated under Section 16 of the Securities Exchange Act		of 1934, as amended (the "Exchange Act"), and that Participants remain		non employee directors ("Non Employee Directors") for purposes of		administering other employee benefit plans of the Company and having		such other plans be exempt from Section 16(b) of the Exchange Act. If		any Plan provision is found to not be in compliance with Rule 16b 3 or		if any Plan provision would disqualify Participants from remaining		Non-Employee Directors, that provision shall be deemed amended so that		the Plan does so comply and the Participants remain Non Employee		Directors, to the extent permitted by law and deemed advisable by the		Administrator, and in all events the Plan shall be construed in favor of		its meeting the requirements of Rule 16b 3.  |
| **17.** | **Applicable Law.**		This Plan is governed under the laws of the State of New York.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| **18.** | **Section 409A Transition		Rules.**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|    | **(a)**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | Notwithstanding anything in the		Plan to the contrary, a Participant who has made a deferral election		with respect to Fees earned or payable on or after January 1, 2005 may		reduce or revoke any current deferral election prior to December 31,		2005 or such earlier date as may be specified by the Administrator.  |
|    | **(b)**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | Notwithstanding anything in the		Plan to the contrary, to the extent permitted by the Administrator and		Section 409A of the Code, on or prior to December 31, 2008, a		Participant may choose a new distribution date for the payment (or		commencement of payment) of his or her Account and/or may make a new		election with respect to the form of payment of the Account in		accordance with the following rules:   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | **(i)** |  An election to change a time and form		of payment of payment made on or after January 1, 2005 and on or before		December 31, 2005 may apply only to amounts that would not otherwise be		payable in 2005 and may not cause an amount to be paid in 2005 that		would not otherwise be payable in 2005;  |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | **(ii)** | An election to change a time and form of		payment of payment made on or after January 1, 2006 and on or before		December 31, 2006 may apply only to amounts that would not otherwise be		payable in 2006 and may not cause an amount to be paid in 2006 that		would not otherwise be payable in 2006;  |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | **(iii)** | An election to change a time and form of		payment of payment made on or after January 1, 2007 and on or before		December 31, 2007 may apply only to amounts that would not otherwise be		payable in 2007 and may not cause an amount to be paid in 2007 that		would not otherwise be payable in 2007; and |

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|   |   | **(iv)** | An election to change a time and form of		payment made on or after January 1, 2008 and on or before December 31,		2008 may apply only to amounts that would not otherwise be payable in		2008 and may not cause an amount to be paid in 2008 that would not		otherwise be payable in 2008. |
|--------|--------|----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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JONES APPAREL GROUP, INC. DEFERRED COMPENSATION PLAN FOR OUTSIDE DIRECTORSDEFERRAL ELECTION FORM 

I hereby elect that the following percentage of my annual retention andmeeting attendance fees from Jones Apparel Group, Inc. to be earned duringsubsequent calendar years be deferred and credited to my Account (SELECT ONE OFTHE FOLLOWING):

| 25%                        | _____ |
|----------------------------|-------|
| 50%                        | _____ |
| 75%                        | _____ |
| 100%                       | _____ |
| Other Percentage (specify) | _____ |

I hereby further elect that all amounts to be deferred to my Account forsubsequent calendar years be credited in the form of Share Units and/or CashUnits (as such terms are defined in the Plan) in the following percentages (FILLIN ONE OR BOTH OF THE FOLLOWING WITH WHOLE NUMBERS TOTALING 100%):

| Cash Units:  |   _____% |
|--------------|---------------|
| Share Units: |   _____% |
|         | _______       |
| Total:       |   100%   |

| ____________________________		PARTICIPANT            | Date: __________________ |
|-----------------------------------------------------------|--------------------------|
| Accepted by Administrator: 		____________________________ | Date: __________________ |

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JONES APPAREL GROUP, INC. DEFERRED COMPENSATION PLAN FOR OUTSIDE DIRECTORSPAYMENT ELECTION FORM 

ELECTION OF PAYMENT COMMENCEMENT DATE

I hereby elect to receive payment of my Account commencing (CHOOSE ONE):

____ as soon as practicable following the date of my Separation from Serviceas a Director on the Company's Board of Directors (provided that I am not thenserving as a director on the Board of Directors of any Related Company (asdefined in the Plan).

               

| (FILL IN MONTH AND YEAR):                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                      |
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| DAY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | MONTH*                    | YEAR |
|  			*ELECTED MONTH MUST BE MORE THAN SIX (6) MONTHS FROM DATE OF 			ELECTION; DAY WILL BE FIRST OF THE ELECTED MONTH
 			Note: If you separate from service prior to the date you elect			herein, payment of your Account will commence as soon as practicable			following your Separation from Service.
If no election is made, you will automatically be deemed to have elected toreceive payment of your Account commencing as soon as practicable following thedate on which you separate from service. 

ELECTION OF FORM OF PAYMENT

I hereby elect the following method for payment of my Account (CHOOSE ONE):

____ payment in a single lump-sum.

____ annual installment payments over ____ years (FILL IN A WHOLE NUMBER UPTO 10 YEARS).

If no election is made, you will automatically be deemed to have elected toreceive payment of your Account in a single lump-sum. 

 
____________________________		PARTICIPANT  Date: __________________Accepted by Administrator: 		____________________________Date: __________________
JONES APPAREL GROUP, INC. DEFERRED COMPENSATION PLAN FOR OUTSIDE DIRECTORSBENEFICIARY DESIGNATION FORM 

Complete this form to name beneficiaries who will receive your Accountbalance remaining at the time of your death. You can change your beneficiariesat any time by completing a new form. You must sign where indicated on the lastpage for this form to be valid. 
I.Participant		
________________________		Participant's legal name (please print) II.Primary Beneficiaries
Your		remaining Account balance will be paid only to those beneficiaries		living at the time of your death. The proportions must total 100% of		your Account balance. If proportions are not indicated, or do not total		100%, your remaining Account balance will be paid in equal shares to the		designated beneficiaries. If any of your primary beneficiaries is not		living at the time of your death, your remaining Account balance will be		divided proportionately among the remaining primary beneficiaries.

In the event of my death, pay my Account balance to (if additional		beneficiaries are designated, attach the required information on a		separate page):
 
NameSocial Security Number  		 		%RelationshipDate of BirthProportion  AddressCityStateZip
 
NameSocial Security Number  		 		%RelationshipDate of BirthProportion  AddressCityStateZip    		_____________		Total 100% III.Secondary Beneficiaries
Your remaining Account balance will be paid to secondary beneficiaries only (1)if none of your primary beneficiaries is living at the time of your death, or(2) if all of your primary beneficiaries die before your Account balance hasbeen completely paid. The proportions must total 100%. If proportions are notindicated, or do not total 100%, your remaining Account balance will be paid inequal shares to the designated beneficiaries. If any of your secondarybeneficiaries is not living at the time of your death or on the date that yourlast surviving primary beneficiary dies, your remaining Account balance will bedivided proportionately among the remaining secondary beneficiaries.
If none of my primary beneficiaries is living at the time of my death or if allof my primary beneficiaries die before my Account balance has been completelypaid, pay my Account balance to (if additional beneficiaries are designated,attach the required information on a separate page): 
 
NameSocial Security Number  		 		%RelationshipDate of BirthProportion  AddressCityStateZip
 
NameSocial Security Number  		 		%RelationshipDate of BirthProportion  AddressCityStateZip    		_____________		Total 100% 
 
IV.Participant's Signature
I hereby revoke every previous designation of beneficiaries for this Plan. Iunderstand that I may change my beneficiaries at any time by completing a newform, and that the change is effective when received in writing and accepted bythe Administrator.____________________________		PARTICIPANT  Date: __________________Accepted by Administrator: 		____________________________Date: __________________ |