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                                                                   EXHIBIT 10.27


                              EMPLOYMENT AGREEMENT

         This agreement ("Agreement") entered into by and between Clark/Bardes,
Inc. ("Company") and William J. Gallegos ("Employee").

                                  WITNESSETH:

         Whereas, the Company desires to retain the Employee's experience and
abilities in the business of the Company; and with functional responsibilities
for: Client Service.

  Whereas, the Employee desires to continue such arrangement with the Company;

         Now, therefore, in consideration of the mutual covenants and promises
contained herein, the Company and Employee agree and state as follows:

                               ARTICLE 1 - DUTIES

         The Employee shall serve as Vice President of Client Services.

                                ARTICLE 2 - TERM

         This agreement shall begin May 12, 1993 and continue until termination
by either party upon 90 days written notice of the termination to the other.

                            ARTICLE 3 - COMPENSATION

         For the services rendered by Employee hereunder, the Employee shall be
entitled to the following compensation:

         a) Salary. The Employee shall be paid an annual salary of $70,000
payable semimonthly in the usual payroll of the Company.

         b) Bonus. Employee shall be eligible to participate in a bonus
arrangement which can pay up to 25% of salary on an annual basis. Such bonus
program will be communicated in a separate written document.

                ARTICLE 4 - NON-COMPETITION AND CONFIDENTIALITY

         For a period of two years immediately following the termination of
this agreement, whether such termination is voluntary or involuntary, with or
without cause, Employee will not
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directly or indirectly call on, solicit, sell insurance, or sell or perform
insurance related services (except in behalf of an Insurance Carrier who is not
in competition with Clark/Bardes, Inc., or to a competitive firm who already
has a relationship with a Clark/Bardes client. Any such relationship will be
clearly documented in the exit agreement.) to (i) any client of the Company at
the time of such termination, or (ii) any former client of the Company which
ceased to be such during the 12 month period immediately prior to such
termination, as evidenced by the books and records of the Company.

         During and after the term of this agreement, Employee shall not make
known or divulge to others or use for his own benefit the names and addresses
of clients, customers, prospects or any confidential information obtained
during the term of this agreement relating to the business, sales or clients of
the Company.

         This provision shall not preclude the Employee from performing
insurance related services for any Clark/Bardes, Inc., client where such
services are required as part of an Employment Agreement of a competitive firm
and where such services do not directly involve the solicitation or selling of
insurance.

                         ARTICLE 5 - EMPLOYEE BENEFITS

         The Employee will be entitled to participate in any hospitalization,
health, dental or sick leave plan; profit sharing plan; or other present or
future group employee benefit plan or program for which key executives are or
shall become eligible.

                              ARTICLE 6 - VACATION

         The Employee will be entitled to vacation at the rate of twenty-two
days per year. Vacation will accrue by the same method and will be subject to
the same maximum accumulated vacation limit as pertains to all employees.

                         ARTICLE 7 - GENERAL PROVISIONS

         Section 7.01 - Notices. Any notices to be given hereunder by either
party to the other may be by personal delivery in writing or by mail,
registered or certified, postage prepaid with return receipt requested.

         Section 7.02 - Venue and Law Governing Agreement.

THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUCTED IN ACCORDANCE WITH THE 
LAWS OF THE STATE OF TEXAS AND VENUE SHALL LIE IN DALLAS COUNTY, TEXAS.

         Section 7.03 - Attorney's Fees and Costs. If any action at law or in
equity is necessary
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to enforce or interpret the terms of this agreement, the prevailing party shall
be entitled to reasonable attorney's fees, costs and necessary disbursements in
addition to any other relief to which he may be entitled.

         Section 7.04 - Amendment. This agreement may only be amended by the
written consent of the parties.

         Section 7.05 - Entire Agreement. This agreement contains the entire
understanding between the parties hereto concerning the subject matter
contained herein. There are no representations, agreements, arrangements, or
understandings, oral or written, between or among the parties hereto, relating
to the subject matter of this agreement, which are not fully expressed herein.

         EXECUTED on the day and year written below.

                                       CLARK/BARDES, INC.

Dated:  6/9/93                         By: /s/ MEL G. TODD
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                                           Mel G. Todd


                                       EMPLOYEE

Dated:  6/9/93                         By: /s/ WILLIAM J. GALLEGOS
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                                           William J. Gallegos