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                                                                   EXHIBIT 10.59

                                   ASSIGNMENT

         ASSIGNMENT made this 9th day of June, 2003 by Gregory B. Kenny
("Assignor") to GENERAL CABLE CORPORATION, a Delaware corporation with its
principal place of business at 4 Tesseneer Drive, Highland Heights, Kentucky
("Assignee").

                                    RECITALS

         WHEREAS, Assignor issued a Promissory Note (the "Note") to Assignee on
November 2, 1998 in the principal amount of Six Hundred Nineteen Thousand One
Hundred Nine Dollars and 43 Cents ($619,109.43); and

         WHEREAS, Assignor is the owner of record of 31,791 shares of common
stock of the Assignee, purchased by Assignor under Assignee's Stock Loan
Incentive Plan (the "Purchased Shares"); and

         WHEREAS, Assignor and Assignee entered into a Restricted Stock Unit
Agreement on November 2, 1998 (the "RSUA"), pursuant to which the Assignor
agreed to issue to Assignor 31,791 shares of Assignee's common stock (the
"RSUs"); and

         WHEREAS, Assignor wishes to sell, assign and transfer the Purchased
Shares to Assignee, and to assign to Assignee its rights under the RSUA, both in
partial payment of amounts outstanding under the Note, and Assignee is willing
to accept such assignments and partial payment.

         NOW THEREFORE, in consideration of the foregoing and for good and
valuable consideration, the parties hereby agree as follows:

         1.   TRANSFER. Assignor hereby sells, transfers and assigns the
              Purchased Shares unto the Assignee. In exchange, Assignee agrees
              to reduce the amount outstanding under the Note by $162,770.

         2.   ASSIGNMENT. Assignor hereby assigns to Assignee all of Assignor's
              interests under the RSUA, including without limitation the right
              to receive the RSUs. In exchange, Assignee agrees to reduce the
              amount outstanding under the Note by $162,770.

         3.   RSUS AND PURCHASED SHARES. The Purchased Shares and the RSUs are
              uncertificated. Assignor hereby names any officer of Assignee as
              its attorney, with full power of substitution, for the purpose of
              transferring the Purchased Shares and the RSUs to Assignee on the
              Assignee's books. Assignee shall also execute any other documents
              requested by Assignee, including letters of authorization, to
              effectuate the transfer.

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         4.   RSUA. The RSUA shall be deemed terminated by this assignment, and
              each party grants the other a full and complete release of all
              claims, whether past, present or future, that it might have
              arising out of the RSUA.

         IN WITNESS WHEREOF, the parties have executed this Assignment as of the
date first above written.

ASSIGNOR:                                  GENERAL CABLE CORPORATION

/s/ Gregory B. Kenny                       By: /s/ Robert J. Siverd
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Name: Gregory B. Kenny                     Name: Robert J. Siverd
                                           Title:Executive Vice President

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