EXHIBIT 10.63

                              CONSULTING AGREEMENT

         This Consulting  Agreement is made as of January 1, 1997 by and between
FiberCore, Inc., a Nevada corporation with its principal office at 253 Worcester
Road,  Charlton,  MA 01507 ("FCI") and One Financial Group  Incorporated,  a New
York Corporation with its principal office at 3 Barker Avenue,  White Plains, NY
10601 ("OFG").

         WHEREAS,  OFG has been  providing  consulting  services  to FCI and its
affiliates  (collectively "FCI"), and FCI is desirous of continuing the services
of OFG; and

         WHEREAS,  FCI and OFG desire to enter into a new  agreement  to provide
for the  retention of OFG as a consultant  to FCI, upon the terms and subject to
the conditions set forth herein.

         NOW, THEREFORE,  in consideration of the mutual undertakings  contained
herein, the parties agree as follows:

          1.      Retention and  Services.  FCI hereby agrees to retain OFG, and
                  OFG hereby agrees to provide consulting  services to FCI, upon
                  the terms and  conditions  set forth in this Agreement for the
                  period  beginning on the date hereof and ending as provided in
                  Section 3 (the  "Consulting  Period").  FCI agrees to give OFG
                  reasonable   notice   prior  to   requesting   services.   FCI
                  acknowledges  that  OFG has  other  clients  that it  performs
                  similar  services  for  and,  accordingly,   nothing  in  this
                  Agreement  shall  prohibit  OFG or any officer or  shareholder
                  thereof from investing in,  rendering  similar services to, or
                  becoming involved with any other company.  Notwithstanding the
                  foregoing,  OFG agrees that it will not perform  services  for
                  companies that compete with FCI, except upon receiving written
                  approval of FCI.

         2.       Compensation:  During the Consulting period, OFG shall receive
                  a monthly  retainer  fee of $5,000.  The retainer fee which is
                  based on an  hourly  rate of $185 is  subject  to a  quarterly
                  adjustment for the actual number of consulting hours provided.
                  The  retainer fee shall be paid by the  fifteenth  day of each
                  month. Adjustments,  if any, shall be made to the retainer fee
                  payable in the first month  following the end of each calendar
                  quarter. For example, any adjustment attributable to the first
                  quarter,  shall  be  added to or  subtracted  from  the  April
                  retainer fee or if necessary, in the case of a subtraction, to
                  the following month(s). OFG shall be reimbursed for reasonable
                  out-of-pocket   expenses   incurred  in  connection  with  the
                  consulting  services performed for FCI,  including,  by way of
                  example and not limitation,  travel,  lodging,  entertainment,
                  and  communications.  Such expenses  shall be paid at the same
                  time as the monthly retainer fee.




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         3.       Term: The Consulting Period shall end on December 31, 1997 and
                  shall extend for  additional  one year  periods (the  "Renewal
                  Period"),  unless written notice of termination is received by
                  either party ninety (90) days prior to the  commencement  of a
                  Renewal Period.

         4.       Confidential   Information:    OFG   acknowledges   that   the
                  information and data obtained by it while performing  services
                  for FCI  concerning  business  and affairs of FCI that are not
                  generally available to the public are the property of FCI. OFG
                  agrees that it shall treat such  information as  confidential.
                  Notwithstanding   the  foregoing,   if  OFG  becomes   legally
                  compelled  to disclose  confidential  information  pursuant to
                  judicial or administrative  subpoena or process or other legal
                  obligation,  OFG may make such  disclosure to comply with such
                  subpoena, process or legal obligation.

         5.       Miscellaneous:
                  --------------

                  (a) Notice - All notices or other communication to be given or
                  delivered  under  or by  reason  of  the  provisions  of  this
                  Agreement shall be in writing and shall be deemed to have been
                  given when  delivered  personally,  one business day following
                  when sent via a nationally  recognized  overnight courier,  or
                  when sent via facsimile confirmed in writing to the recipient.

                  (b) Severability - Whenever  possible,  each provision of this
                  Agreement  will  be  interpreted  in  such  manner  as  to  be
                  effective and valid under applicable law, but if any provision
                  of  this   jurisdiction,   such   invalidity,   illegality  or
                  unenforceability  will not affect any other  provision  or any
                  other  jurisdiction,  and  this  Agreement  will be  reformed,
                  construed  and  enforced  in  such  jurisdiction  as  if  such
                  invalid,  illegal or  unenforceable  provision  had never been
                  contained herein.

                  (c) Entire  Agreement - This  Agreement  embodies the complete
                  agreement and understanding between the parties and supersedes
                  and preempts any prior  understandings or agreements,  written
                  or oral,  which may have related to the subject  matter hereof
                  in any way.

                  (d)  Amendments  and Waivers - Any provision of this Agreement
                  may be amended or waived only with the prior  written  consent
                  of the parties.

                  (e)  Governing Law - This  Agreement  shall be governed by and
                  construed in accordance with the domestic laws of the State of
                  New  York  without  giving  effect  to  any  choice  of law or
                  conflict of law provision or rule (whether of the State of New
                  York or any other jurisdiction).

                  (f)  Counterparts  - This  Agreement  may be  executed  by the
                  parties hereto in separate counterparts, each of which when so
                  executed  and  delivered  shall be an  original,  but all such
                  counterparts  shall  together  constitute  one  and  the  same



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                  instrument.

                  (g) Headings - The headings  contained in this  Agreement  are
                  for  reference  purposes  only and shall not affect in any way
                  the meaning or interpretation of this Agreement or of any term
                  or provision hereof.

         IN WITNESS WHEREOF,  the parties have executed this Agreement as of the
date set forth above.

                                Fiber Core, Inc.

                                By: /s/  Michael J. Beecher
                                    --------------------------------------------
                                         Michael J. Beecher
                                Title:   Chief Financial Officer and Treasurer
                                       -----------------------------------------

                                One Financial Group Incorporated

                                By: /s/  Steven Phillips
                                    --------------------------------------------
                                         Steven Phillips
                                Title:   President




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