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                                                                   Exhibit 10(m)

                                 AMENDMENT NO. 4
                                       TO
                               METATEC CORPORATION
                        1992 DIRECTORS' STOCK OPTION PLAN


         The Metatec Corporation 1992 Directors' Stock Option Plan (the
"Original Plan"), as previously amended by Amendment No. 1 dated March 21, 1994
("Amendment No. 1"), and Amendment No. 2 dated January 25, 1995, and
Amendment No. 3 dated January 24, 1996 ("Amendment No. 3") (together with the
Original Plan, collectively, the "Plan"), is hereby amended pursuant to the
following provisions:

Section 1.        DEFINITIONS.

         All capitalized terms used in this amendment which are not otherwise
defined herein shall have the respective meanings given such terms in the Plan.

Section 2.        ANNUAL GRANTS.

         The annual Option grants provided for in Section 5 of the Original
Plan, as amended by Section 3 of Amendment No. 1, as further amended by Section
2 of Amendment No. 3, shall continue through the first nine annual meetings of
the shareholders of the Company following the effective date of the Original
Plan.

Section 3.        ADDITIONAL ONE-TIME GRANTS.

         The One-Time Option grants provided for in Section 4 of Amendment No. 1
shall continue for each person who first becomes an Eligible Director at any
time during the period beginning on the day of the 1997 annual meeting of the
shareholders of the Company and ending on the day after the 2000 annual meeting
of the shareholders of the Company.

Section 4.        SHARES SUBJECT TO PLAN.

         The maximum aggregate number of Shares with respect to which options
(including the Options and the One-Time Options) may be granted under the Plan,
as set forth in Section 3 of the Plan, as amended by Section 2 of Amendment No.
1, is increased by 50,000 Shares to a total of 210,000 Shares. Such aggregate
number of Shares shall be subject to adjustment as provided in the Plan.

Section 5.        TERMINATION AND AMENDMENT OF PLAN.

         Section 10 of the Original Plan is hereby amended in its entirety to
read as follows:

                  The Board may from time to time alter, amend, or suspend the
                  Plan or may at any time terminate the Plan, provided that no
                  such action shall materially and adversely affect any
                  outstanding options without the consent of the respective
                  Grantees of such options.

Section 6.        EFFECTIVE DATE; CONSTRUCTION.

         The effective date of this amendment is January 29, 1997, and this
amendment shall be deemed to be a part of the Plan as of such date. In the event
of any inconsistencies between the


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provisions of the Plan and this amendment, the provisions of this amendment
shall control. Except as modified by this amendment, the Plan shall continue in
full force and effective without change.

         This amendment shall be submitted to the shareholders of the Company
for approval as soon as practicable, but in any event not later than 12 months
after this amendment has been approved by the board of directors of the Company.
Notwithstanding the preceding paragraph or any other provisions of this
amendment to the contrary, if this amendment is not approved by the shareholders
of the Company within such 12-month period, this amendment and all Options
granted with respect to the additional Shares subject to the Plan as a result of
this amendment shall automatically become null and void and have no further
force or effect, and the Plan shall continue in effect without this amendment.