Exhibit 10.1

AMENDMENT NO. 1

TO EMPLOYMENT AGREEMENT


THIS AMENDMENT NO. 1 to employment agreement made as of the
12th day of November, 1999, by and between Stockwalk.com
Group, Inc., a Minnesota corporation (Company), and
Robert J. Vosburgh (Vosburgh).

W I T N E S S E T H

WHEREAS, the parties hereto entered into an Employment Agreement
dated as of August 1, 1999 (Agreement); and

WHEREAS, the parties hereto desire to clarify and amend the
Agreement and provide for the grant of additional stock options
to Vosburgh.

NOW THEREFORE, in consideration of the premises and the mutual
covenants and conditions contained herein, the parties hereto
agree that the Agreement be, and hereby is, supplemented and
amended as follows:



| |                                                                            
| | ---------------------------------------------------------------------------
| | 1.  Paragraph 1 of the Agreement is replaced with the
	following paragraph:



| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Employment.Subject to the terms and conditions hereof,
	the Company shall employ Employee and Employee agrees to be so
	employed in the capacity of Executive Vice President, Chief
	Operating Officer until November 15, 2002. This Agreement
	shall automatically renew for successive one-year terms
	thereafter unless the Company shall have provided Employee with
	written notice of the Companys intent not to renew by
	October 15, 2002 and by each October 15 thereafter.



| |                                                                                                                                                                                                         
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | 2.  The phrase On Line accounts referenced in
	Section 4B of the Agreement shall mean new online brokerage
	accounts of the Companys online brokerage subsidiary,
	Stockwalk.com, Inc. (Stockwalk).
|
| | 3.  Section 4C of the Agreement is replaced in its
	entirety with the following paragraph:                                                                                                              



| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Company shall pay Employee a bonus on November 1, 2000, and
	each year ended thereafter during the term hereof, provided
	Employee is employed by the Company on the payment date, based on
	 the number of new, active online accounts of Stockwalk added
	through private labeling during the year then ended
	determined by the following formula: $100,000 x [new PL
	 accounts  (10,000 referenced in paragraphs
	4(B)(i) + 4(B)(ii))/ 10,000]. The calculation shall
	cover net new accounts only and no credit shall be given for
	accounts opened in the previous measuring period. An active
	account for purposes of this Agreement shall be defined as a
	Stockwalk private label customer account that has a minimum
	balance of $2,000 in cash/ securities and has completed at least
	five (5) securities transactions on an annualized basis
	during the prior twelve (12) months. (For example, if
	250,000 new, active on-line private label accounts are added by
	November 1, 2000, the bonus shall equal to
	$100,000 x [($250,000  10,000)/
	10,000] = $2,400,000.)



| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | 4.  On the date hereof, the Company shall grant Vosburgh an
	option to purchase fifty thousand (50,000) shares of common stock
	 of the Company. Said option shall expire ten (10) years
	from the date hereof and vest ratably over a three (3) year
	period and contain other normal and customary terms and
	conditions. The exercise price shall be $7.44 or eighty-five
	percent (85%) of $8.75. Upon the granting of said option, the
	Company shall have granted Vosburgh options to purchase an
	aggregate of One Hundred Thousand

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| |                                                                                                                                                    
| | ---------------------------------------------------------------------------------------------------------------------------------------------------
| | (100,000) shares of common stock and the Company shall not be
	obligated to grant any further options to Vosburgh under the
	Agreement, as amended.



| |                                                                                                                                                     
| | ----------------------------------------------------------------------------------------------------------------------------------------------------
| | 5.  Except as hereinabove supplemented and amended, all of
	the terms, covenants and conditions of the Agreement are hereby
	ratified and confirmed.



| |                         
| | ------------------------
| | StockWalk.Com Group Inc.



| |     |                    
| | --- | -------------------
| | By: | /s/ ELDON C. MILLER

| |                       
| | ----------------------
| |                       
| | Its: Chairman and CEO 
|
| | /s/ ROBERT J. VOSBURGH
| |                       
| | Robert J. Vosburgh    

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