Exhibit 10.27

[GRAPHIC OMITTED]

|                           |                                                                                                                                                                                                                                                                                            
|-------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Title                      | FG: Sr. Vice President - Blue Rhino DivisionBR: President and COO                                                                                                                                                                                                                          
|Base Salary:               | $275,000 - same as current salaryannual review with fiscal year                                                                                                                                                                                                                            
|Cash Incentive Plan:       | current plan through end of fiscal yearFiscal year 2005 plan starting August 1, 2004:SR VP target - 75% of base
75% based on operating cash flow target25% discretionary                                                                                                                   
|Stock Options:             | 150,000 options in FCI                                                                                                                                                                                                                                                                     
|BR Options:                | fully vest options: value $1.8 millioncash pay options at close vested prorata: approx. value $953k
cash pay unvested options value in 3 years: approx. value $829k
if employee leaves within 3 years, the balance is forfeitedif employee is terminated without cause, the balance is paid
|ESOP participation:        | yes                                                                                                                                                                                                                                                                                        
|401(k) Plan:               | yes - company match up to 50% of 6% contribution                                                                                                                                                                                                                                           
|Supplemental Savings Plan: | provided for highly compensated employees who exceed 
IRS limit for contributions to 401(k) plan                                                                                                                                                                                           
|Noncompete Agreement:      | 2 years                                                                                                                                                                                                                                                                                    
|Stay Bonus:                | FG will pay a bonus on the third anniversary
date of the closingin an amount equal to the value of 25,000 FGP unitsif employee leaves within 3 years,
the balance is forfeitedif employee is terminated without cause, the balance is paid                                                 
|Change of control          | In the case of a change of control of FGP in
the 3 years, both the stay bonus and the unvested BR options fuly vest.                                                                                                                                                                       
|Signed by Ferrellgas       | /s/ James E. FerrellChairman, CEO and President of Ferrellgas, Inc.                                                                                                                                                                                                                        
|Date                       | February 6, 2004