EXHIBIT 10.2
                              OMEGA RESEARCH, INC.

                   1997 NONEMPLOYEE DIRECTOR STOCK OPTION PLAN*

         1. PURPOSE. OMEGA RESEARCH, INC., a Florida corporation (the
"Company"), hereby adopts the 1997 Nonemployee Director Stock Option Plan (the
"Plan"). The purpose of the Plan is to attract and retain outstanding
individuals to serve as members of the Board of Directors of the Company by
providing such persons opportunities to acquire common stock, $.01 par value, of
the Company ("Common Shares"), thereby strengthening the mutuality of interest
between such persons and the Company's shareholders.

         2. SHARES RESERVED UNDER THE PLAN. There is hereby reserved for
issuance under the Plan an aggregate of One Hundred Seventy-Five Thousand
(175,000) Common Shares, which shall be authorized but unissued shares. If there
is a lapse, expiration, termination or cancellation of any option granted under
the Plan, all unissued shares subject to or reserved for such option may again
be used for new options granted under the Plan.

         3. PARTICIPATION. Participation in the Plan is limited to members of
the Board of Directors who are not salaried officers or employees of the Company
or any of its direct or indirect subsidiaries (a "Nonemployee Director" or
"Participant").

         4. OPTIONS TO BE GRANTED UNDER THE PLAN. Effective on or about the date
of a Nonemployee Director's initial election to the Board of Directors, each
Nonemployee Director may be awarded nonqualified stock options to purchase up to
a maximum of Seventy-Five Thousand (75,000) Common Shares (the "Initial
Option"). The actual number of stock options awarded to each Nonemployee
Director comprising the Initial Option shall be determined by the Board of
Directors as it deems necessary or advisable and in the best interests of the
Company in order to attract and obtain outstanding and highly qualified
candidates to serve on the Company's Board of Directors. Upon each re-election
of such Nonemployee Director to the Board of Directors at the Company's annual
meeting of shareholders ("Annual Meeting"), each Nonemployee Director shall
automatically be awarded an additional nonqualified stock option (the
"Additional Option") to purchase Three Thousand (3,000) Common Shares, provided,
however, that a Nonemployee Director shall not be granted such Additional Option
upon such re-election if such Nonemployee Director was granted an Initial Option
in the immediately preceding twelve (12)-month period upon his or her initial
election to the Board of Directors in accordance with this Section 4. The
Company is authorized to provide the Participant with a stock option agreement
consistent with the terms of the Plan.

         5. OPTION EXERCISE PRICE. Each option granted under the Plan shall be
exercisable at an option price equal to 100% of the Fair Market Value (as
defined in Section 10 hereof) of the Common Shares on the date of grant
hereunder.

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   * Section 4 of the Omega Research, Inc. 1997 Non-Employee Director Stock
Option Plan was amended by the Board of Directors on January 2, 1998. Section 4,
as amended and restated, is included herein.


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         6. LIMITATIONS ON EXERCISE. Any option granted under the Plan may be
exercised (in accordance with Section 7 hereof) in whole or in part, from time
to time after the date granted, subject to the following limitations:

                  (a) No option granted hereunder may be exercised during the
first year following the date such option was granted. Thereafter, each option
may be exercised:

                           (i) to a maximum cumulative extent of one-third (1/3)
         of the total shares covered by the option on or after the first
         anniversary of the date the option was granted;

                           (ii) to a maximum cumulative extent of two-thirds
         (2/3) of the total shares covered by the option on or after the second
         anniversary of the date the option was granted; and

                           (iii) to a maximum cumulative extent of 100% of the
         total shares covered by the option on or after the third anniversary of
         the date the option was granted.

                  (b) Notwithstanding the limitations of Section 6(a) above, any
option granted under the Plan shall become fully exercisable upon the death of
the Nonemployee Director while serving on the Board of Directors or upon the
Retirement (as hereinafter defined in this Section 6(b)) of the Nonemployee
Director if such death or Retirement occurs on or after the first anniversary of
the date such option was issued. For these purposes, "Retirement" means a
Nonemployee Director's termination of service as a member of the Board of
Directors after age 70 or at any time with the consent of the Board of
Directors.

                  (c) Any option granted under the Plan shall not be exercised
after the earliest to occur of any of the following events:

                           (i) more than ninety (90) days after termination of
         any Nonemployee Director's service as a member of the Board of
         Directors for any reason other than death or Retirement (and then only
         to the extent that such Nonemployee Director could have exercised such
         option on the date of termination);

                           (ii) more than one hundred eighty (180) days after a
         Nonemployee Director's Retirement from the Board of Directors (and then
         only to the extent that such Nonemployee Director could have exercised
         such option on the date of Retirement, after giving effect to Section
         6(b) above);

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                           (iii) more than twelve (12) months after death of a
         Nonemployee Director (and then only to the extent that such Nonemployee
         Director could have exercised such option on the date of death, after
         giving effect to Section 6(b) above); or

                           (iv) more than ten (10) years from the date the
         option is granted.

         7. METHOD AND TIME OF EXERCISE: DELIVERY OF CERTIFICATES. Any option
granted under the Plan shall be deemed exercised on the date written notice of
exercise is received by the Secretary of the Company at the Company's corporate
headquarters. Such notice shall be accompanied by: (a) a check payable to the
Company for the purchase price of the shares to be purchased; or (b) delivery of
Common Shares owned by the Participant for at least six (6) months whose Fair
Market Value on the date of exercise equals the purchase price of the shares to
be purchased; or (c) any combination of the foregoing.

         8. NONTRANSFERABILITY. Any option granted under this Plan shall not be
transferable other than as required by law or by will or the laws of descent and
distribution, and shall be exercisable, during the Participant's lifetime, only
by the Participant or the Participant's guardian or legal representative. If a
Nonemployee Director dies during the option period, any option granted to such
Participant may be exercised by his estate or the person to whom the option
passes by will or the laws of descent and distribution, but only in accordance
with Section 6 above. Notwithstanding the foregoing, an option shall
automatically become transferable to the Participant's "immediate family
members" or trusts or family partnerships for the benefit of such persons. For
purposes of this Section 8, "immediate family members" shall mean the
Participant's spouse and lineal descendants.

         9. OTHER PROVISIONS; SECURITIES REGISTRATION. The grant of any option
under the Plan may also be subject to other provisions as counsel to the Company
deems appropriate, including, without limitation, such provisions as may be
appropriate to comply with federal or state securities laws and stock listing
requirements.

         10. DEFINITION OF FAIR MARKET VALUE. The term "Fair Market Value" shall
mean, as of any date, the mean between the highest and lowest sale prices of the
Common Shares as reported on the NASDAQ National Market (or such other
consolidated transaction reporting system on which such Common Shares are
primarily traded) on the date immediately preceding the date of grant (or
exercise where applicable), or if such Common Shares were not traded on such
day, then the next preceding day on which the shares were traded, all as
reported by such source as the Board of Directors may determine.

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         11. ADJUSTMENT PROVISIONS. If the Company shall at any time change the
number of issued Common Shares without new consideration to the Company (such as
by stock dividend or stock split), the total number of shares reserved for
issuance under the Plan and the number of shares covered by each outstanding
option and the exercise price thereunder shall be automatically adjusted so that
the aggregate consideration payable to the Company and the value of each option
shall not be changed. If, during the term of any option granted under the Plan,
the Common Shares shall be changed into another kind of stock, securities, cash
or other property, whether as a result of reorganization, sale, merger,
consolidation, or other similar transaction, the Board of Directors shall cause
adequate provision to be made whereby all Participants shall thereafter be
entitled to receive, upon the due exercise of any outstanding options, the
stock, securities, cash or other property such Participants would have been
entitled to receive immediately prior to the effective date of any such
transaction for Common Shares which could have been acquired through the
exercise of such options.

         12. AMENDMENT OR DISCONTINUATION OF PLAN. The Board of Directors may
amend the Plan at any time or suspend or discontinue the Plan at any time, but
no such action shall adversely affect any outstanding option.

         13. GOVERNING LAW. The Plan and any options granted hereunder shall be
governed and construed in accordance with the laws of the State of Florida
(regardless of the law that might otherwise govern under applicable Florida
principles of conflicts of laws).

         14. SHAREHOLDER APPROVAL. The Plan was adopted by the Board of
Directors and approved by the shareholders of the Company on July 24, 1997.

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