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                                                                    EXHIBIT 10.6


                                AMENDMENT TO THE
                   PHOENIX HOME LIFE MUTUAL INSURANCE COMPANY
                               EXCESS BENEFIT PLAN

         BY THIS AGREEMENT, the Phoenix Home Life Mutual Insurance Company
Excess Benefit plan (the plan), as amended and restated effective January 1,
1988, is hereby Amended as follows effective as of the date of the merger of
Phoenix Securities Group, Inc. into Duff & Phelps Corporation, on or about
November 1, 1995.

         1.       Section 3.1 is amended by adding the following sentence to the
end thereof:

         "Moreover, Employees hired by Phoenix Equity Planning Corporation or
Phoenix Investment Counsel, Inc. after June 14, 1995 who were not employed by
Phoenix Home Life Mutual Insurance Company or its subsidiaries Immediately prior
to their date of hire by Phoenix Equity Planning Corporation or Phoenix
Investment Counsel, Inc. shall not be eligible to participate in this Excess
Benefit Plan."

         2.       Section 4.3(b) of the Plan is deleted.

         3.       The following new Article IX is added to the Plan:

                             PARTICIPATING EMPLOYERS

         9.1      ADOPTION OF PLAN BY OTHER EMPLOYERS

         With the consent of the Benefit Plans Committee, any other corporation
may adopt the Plan and all of the provisions hereof and participate herein as a
Participating Employer by a properly executed document evidencing said intent
and will of such Participating Employer.

         9.2      REQUIREMENTS OF PARTICIPATING EMPLOYERS

         (a)      Benefits payable under the Plan to employees of the
Participating Employer are funded through the Participating Employer's general
assets. The Participating Employer agrees to pay and assumes all liability with
respect to all benefits payable under the Plan to past, present and future
employees of the Participating Employer, their spouses and other dependents and
beneficiaries in accordance with the terms of the Plan. Notwithstanding the
foregoing, Phoenix Home Life Mutual Insurance Company and not Phoenix Equity
Planning Corporation nor Phoenix Investment Counsel, Inc. shall pay and assume
liability for benefits payable under the Plan to Employees of Phoenix Equity
Planning Corporation and Phoenix Investment Counsel, Inc. with respect to
service completed before January 1, 1996.
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         (b)      The Plan Administrator shall keep separate books and records
concerning the contributions and benefits payable under the Plan with respect to
the Participating Employer and the Employees of the Participating Employer.

         (c)      The Participating Employer shall pay to Phoenix Home Life
Mutual Insurance Company its proportionate share of any administrative expenses
of the Plan which are to be paid by the Employer.

         9.3      DESIGNATION OF AGENT

         Each Participating Employer shall be deemed to have designated
irrevocably the Benefit Plans Committee and the Plan Administrator as its
agents.

         9.4      PLAN AMENDMENT

         (a)      Subject to the provisions of paragraph (b) hereof, each
Participating Employer shall be deemed to have delegated to the Benefit Plans
Committee the right at any time to amend the Plan in accordance with the terms
of the Plan, provided that any such amendment could not significantly affect the
Participating Employer's share of the cost of the Plan. If an amendment could
significantly affect the Participating Employer's share of the cost of the Plan,
then such amendment shall not be effective with respect to the Participating
Employer until approved by the Board of Directors of the Participating Employer.
Any such amendment shall be adopted at a meeting duly called or by unanimous
written consent in accordance with the Participating Employer's Articles of
Incorporation, Bylaws and applicable law and shall become effective as provided
therein upon its execution.

         (b)      No amendment to the Plan shall be effective with respect to a
Participating Employer until 45 days after a copy of the amendment Shall have
been delivered to the Participating Employer, unless the Participating Employer
shall have waived its right to receive such advance copy of the amendment.

         9.5      WITHDRAWAL OF A PARTICIPATING EMPLOYER

         A Participating Employer may terminate its participation in the Plan by
giving the Benefit Plans Committee prior written notice specifying a termination
date which shall be the last day of a month at least 30 days subsequent to the
date such notice is delivered to the Benefit Plans Committee, unless the Benefit
Plans Committee shall have waived its right to such notice. The Benefit Plans
Committee may terminate a Participating Employer's participation in the Plan as
of any termination date by giving the Participating Employer prior written
notice specifying a termination date which shall be the last day of a month at
least 30 days subsequent to the date such notice is delivered to the
participating Employer, unless the Participating Employer shall have waived its
right to such notice.


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         9.6      ADMINISTRATOR'S AUTHORITY

         The Plan shall have all of the duties and responsibilities authorized
by the Plan and shall have the authority to make any and all rules, regulations
and decisions necessary or appropriate to effectuate the terms of the Plan,
which shall be binding upon each Participating Employer and all Participants.

         IN WITNESS WHEREOF, this Amendment has been executed this 26th day
of October 1995.

                                     Phoenix Home Life Mutual Insurance Company
                                     Benefit Plans Committee

                                     Witness

/s/ Diane Fitzgerald                 /s/ Carl T. Chadburn
____________________                 __________________________________________
Diane Fitzgerald                     Carl T. Chadburn
Witness                              Secretary


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