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                                                                  Exhibit 10.31 

                        The Carbide/Graphite Group, Inc.





                      Supplemental Executive Savings Plan

                              Highlights Brochure
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CONTENTS             
                                                
Introduction                                              2

The Supplemental Executive Savings
Plan                                                      2

Eligibility and Enrollment                                3

Building Your Plan Account                                4

Tax Considerations                                        5

Vesting                                                   5

Distributions from the Plan                               5

Account Statements                                        6

A Final Word About the Supplemental  
Executive Savings Plan                                    6




     This  brochure  describes  the key features of the  Supplemental  Executive
Savings Plan.  If you have any questions  about the plan that this brochure does
not answer, please contact the Plan Administrator, Walter Damian, Vice President
of Human Resources at (412) 562-3783.


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INTRODUCTION                                                      

     The  Carbide/Graphite  Group,  Inc. has adopted the Supplemental  Executive
Savings Plan for certain  select highly  compensated  employees,  executives and
directors.  This plan is a  supplement  to the  Company's  Savings Plan which is
maintained for all Company employees.

     As a selected  participant,  you will be permitted the opportunity to defer
receipt of compensation and save amounts on a tax-deferred basis.



THE SUPPLEMENTAL EXECUTIVE
SAVINGS PLAN AT A GLANCE

     The Supplemental Executive Savings Plan allows you to defer compensation in
excess of the amounts  allowed to be deferred under The  Carbide/Graphite  Group
Savings Plan.

     You are always fully vested in your  Supplemental  Executive  Savings Plan.
There is no vesting  schedule which would cause deferred  compensation to become
forfeitable.

     Your savings grow on a tax-deferred  basis until you receive a distribution
from the plan.

     You are able to  choose a payment  form  that  best  fits  your  individual
situation.

     Your beneficiary is eligible to receive a benefit from the plan if you die.

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THE SUPPLEMENTAL EXECUTIVE SAVINGS PLAN     
ELIGIBILITY AND ENROLLMENT

     You are eligible to participate in the Supplemental  Executive Savings Plan
if you  have  been  selected  by the  Compensation  Committee  of the  Board  of
Directors to participate. Selection is made on an annual basis.

     To  participate,  you must  complete an enrollment  form. On the form,  you
will:

     Choose how much compensation you want to defer for the year

     Authorize the Company to make salary and/or bonus reductions

     Designate a  beneficiary  to receive the value of your plan  account if you
     die.  You may  change  your  beneficiary(ies)  at any time by  completing
     a new enrollment  form. If you do not name a beneficiary to receive your
     plan account, your account will be distributed to your estate.
     
     Keep in mind that your participation in the Supplemental  Executive Savings
Plan is completely voluntary. You can participate regardless of whether you save
under the Savings Plan. Except for unique  circumstances  which are described in
the Plan,  once you make an election for a calendar  year,  you cannot change or
stop your contributions during the year.


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BUILDING YOUR PLAN
ACCOUNT

     Under the  Supplemental  Executive  Savings Plan,  your account can grow in
several ways.

Your Deferrals

     You can contribute to the supplemental savings plan in two ways:

     Salary or Director Fee Deferral. 
     You can save any whole
     percentage or dollar amount of
     your base salary (or if applicable,
     director fees), and

     Bonus  Deferrals.  You can save
     any whole percentage or dollar
     amount of your bonus.  

     For purposes of determining your salary  deferrals,  base salary means your
salary before any contributions to the Company's Savings Plan or the Section 125
cafeteria plan.

     Your supplemental savings under this plan are not matched by the Company.


Investment Growth

     Your supplemental  savings plan account should increase through  investment
growth.

     The Company has established a trust fund which will offer you the choice of
different funds for investing your deferrals.

     The Company has  established  an  investment  arrangement  with the Pacific
Select Fund. The Pacific Select Fund is the  underlying  investment  vehicle for
the separate accounts funding Pacific Mutual's variable universal life insurance
products.  The Company's arrangement with Pacific Mutual allows Plan funds to be
invested in any of six separate portfolios, as follows:

Portfolio            Manager

Managed Bond         PIMCO

Government 
Securities           PIMCO

Growth               Capital Guardian
 
Growth LT            Janus

Multi-Strategy       J.P. Morgan
                     Investment

International        Templeton

     The Plan  Administrator can provide you with prospectuses for each of these
funds upon request.

     During each  annual  enrollment  period,  you will decide the level of your
deferrals for the next calendar  year.  You will also have a chance to establish
and change the investment mix of your existing account balance.

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TAX CONSIDERATIONS

     Your contributions to the Supplemental  Executive Savings Plan are deducted
from your paycheck before income taxes are withheld.

     In addition, the compensation you defer, as well as any investment gains on
that money, grows tax-deferred. In other words, you will not pay income taxes on
your account value until you receive your benefits from the plan.

     However,  you will pay Social Security taxes on your deferred  compensation
at the time it is credited to your  account.  These taxes will be deducted  from
each paycheck.

VESTING

     You are always 100% vested in your plan account.

DISTRIBUTIONS FROM THE
PLAN

     You or your beneficiary will receive your plan account when you:

     Cease to be an employee of the
     Company,

     Retire pursuant to the retirement
     provisions of the Company's
     Savings Plan,

     Become permanently disabled, or 

     Die.  


     Distributions will be made as soon as  administratively  possible following
the end of the month in which one of these  events  occur.  Unlike  the  Savings
Plan,  you cannot roll over  supplemental  savings plan funds into an IRA or any
other qualified savings vehicle. In addition,  you cannot borrow money from your
account.

How Benefits Are Paid

     Your plan account is normally paid to you or your  beneficiary  in a single
lump sum, unless you elect installment payments over a number of years.

     Important  Note:  If  you  wish  to  have  your  account  paid  to  you  in
installments,  or if you wish to defer the date your  payments  begin,  you must
make your  election at least 12 months prior to  termination  of  employment  or
retirement.  Because  of tax  law  considerations,  the  Supplemental  Executive
Savings  Plan  cannot  consider  any  elections  you  make as to how you want to
receive  your  plan  benefits  within  the last 12  months  of your  employment.
However,  this restriction does not apply to any election you make regarding how
you want your surviving beneficiary to receive your plan benefits should you die
while employed by the Company. 

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ACCOUNT STATEMENTS

     You'll receive an account  statement at least once each year that will show
how much money you've contributed to the Supplemental Executive Savings Plan and
the earnings (or losses) credited to your account for that period.


A FINAL WORD ABOUT THE SUPPLEMENTAL EXECUTIVE SAVINGS
PLAN

     The Supplemental  Executive Savings Plan is a non-qualified  plan. Although
the Company  has  established  a trust for the plan,  these  non-qualified  plan
assets will be subject to the claims of general creditors of Carbide/Graphite.

     This  brochure  describes  certain  key  features  of the  Carbide/Graphite
Supplemental  Executive  Savings  Plan but is  subject  to the terms of the plan
document.

     Where this brochure and the official plan document vary in the  description
of the plan, the plan document is the final authority.

     Carbide/Graphite  intends to continue the plan  indefinitely,  but reserves
the right to change or terminate  the plan at any time by action of its board of
directors or persons authorized by its board of directors.  The language in this
brochure does not imply a contract or assurance of employment or compensation.

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