Exhibit 10(f)

            
                         THE BLACK & DECKER CORPORATION
                1995 STOCK OPTION PLAN FOR NON-EMPLOYEE DIRECTORS


         Attracting and retaining qualified individuals to serve as non-employee
directors is vital to the continued  success of The Black & Decker  Corporation.
To that end and to bind the interests of those  individuals  to the interests of
the  Corporation  and its  stockholders,  this stock  option plan offers them an
attractive opportunity to acquire a proprietary interest in the Corporation.


                                  ARTICLE 1:00

                                   Definitions

1:01              The term "Board of Directors" shall mean the Board of
                  Directors of the Corporation.

1:02              The term "Change in Control" shall have the meaning
                  provided in Section 7:02 of the Plan.

1:03              The term "Code" shall mean the Internal  Revenue Code of 1986,
                  as amended, and any regulations promulgated thereunder.

1:04              The term "Common Stock" shall mean the shares of common stock,
                  par value $.50 per share, of the Corporation.

1:05              The term "Corporation" shall mean The Black & Decker
                  Corporation.

1:06              The term "Exchange Act" shall mean the Securities
                  Exchange Act of 1934, as amended.

1:07              The term "Fair Market Value of a share of Common Stock"
                  shall mean the average of the high and low sale price per
                  share of Common Stock as finally reported in the New York
                  Stock Exchange Composite Transactions for the New York
                  Stock Exchange, or if shares of Common Stock are not sold
                  on such date, the average of the high and low sale price
                  per share of Common Stock as finally reported in the New
                  York Stock Exchange Composite Transactions for the New
                  York Stock Exchange for the most recent prior date on
                  which shares of Common Stock were sold.

1:08              The term  "Limited  Stock  Appreciation  Right"  shall  mean a
                  limited  tandem  stock  appreciation  right that  entitles the
                  holder to receive  cash upon a Change in Control  pursuant  to
                  Article 7:00 of the Plan.

1:09              The term "Option" or "Stock Option" shall mean a right granted
                  pursuant to the Plan to purchase shares of Common Stock.


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1:10              The term "Option  Agreement" shall mean the written  agreement
                  representing   Options   granted   pursuant  to  the  Plan  as
                  contemplated by Article 5:00 of the Plan.

1:11              The term "Plan" shall mean The Black & Decker Corporation 1995
                  Stock  Option Plan for  Non-Employee  Directors as approved by
                  the Board of Directors on December 8, 1994, and adopted by the
                  stockholders  of the Corporation at the 1995 Annual Meeting of
                  Stockholders, as the same may be amended from time to time.


                                  ARTICLE 2:00

                           Effective Date of the Plan

2:01              The Plan shall become  effective  upon  stockholder  approval,
                  provided  that such  approval is received on or before May 31,
                  1995.


                                  ARTICLE 3:00

                            Participation in the Plan

3:01              Participation  in the Plan shall be limited to individuals who
                  are directors of the Corporation  but not full-time  employees
                  of the Corporation on the date of grant of an Option.

3:02              No  member  of the  Board  of  Directors  who  is a  full-time
                  employee  shall be eligible  to  participate  in the Plan.  No
                  director  who owns  beneficially  more  than 10% of the  total
                  combined   voting  power  of  all  classes  of  stock  of  the
                  Corporation shall be eligible to participate in the Plan.

3:03              Upon initial election to the Board of Directors, a
                  director who on the date of election is not a full-time
                  employee of the Corporation shall automatically receive
                  an Option to purchase 2,000 shares of Common Stock.  Upon
                  each reelection, a director who on the date of reelection
                  is not a full-time employee of the Corporation shall
                  automatically receive an Option to purchase 1,500 shares
                  of Common Stock.  For the purpose of this Section,
                  election or reelection at the 1995 Annual Meeting of
                  Stockholders shall be deemed an "initial election."


                                  ARTICLE 4:00

                            Stock Subject to the Plan

4:01              There shall be reserved for the granting of Options


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                  pursuant  to the Plan and for  issuance  and sale  pursuant to
                  such Options  150,000 shares of Common Stock. To determine the
                  number of shares of Common Stock available at any time for the
                  granting  of Options,  there shall be deducted  from the total
                  number of reserved shares of Common Stock the number of shares
                  of Common Stock in respect of which  Options have been granted
                  pursuant to the Plan that are still  outstanding  or have been
                  exercised.  The shares of Common  Stock to be issued  upon the
                  exercise of Options granted pursuant to the Plan shall be made
                  available from the  authorized  and unissued  shares of Common
                  Stock. If for any reason shares of Common Stock as to which an
                  Option  has been  granted  cease  to be  subject  to  purchase
                  thereunder,  then such  shares of Common  Stock again shall be
                  available  for  issuance  pursuant  to  the  Plan.  Except  as
                  provided in Section 4:03,  however,  the  aggregate  number of
                  shares of Common Stock that may be issued upon the exercise of
                  Options pursuant to the Plan shall not exceed 150,000 shares.

4:02              Proceeds  from the purchase of shares of Common Stock upon the
                  exercise of Options granted pursuant to the Plan shall be used
                  for the general business purposes of the Corporation.

4:03              Subject to the provisions of Section 7:02, in the event
                  of reorganization, recapitalization, stock split, stock
                  dividend, combination of shares of Common Stock, merger,
                  consolidation, share exchange, acquisition of property or
                  stock, or any change in the capital structure of the
                  Corporation, the number and kind of shares reserved for
                  the granting of Options and the number, kind and price of
                  shares covered by Options granted pursuant to the Plan
                  but not then exercised shall be adjusted appropriately by
                  resolution of the Board.


                                                   ARTICLE 5:00

                                          Terms and Conditions of Options

5:01              Each Option granted pursuant to the Plan shall be evidenced by
                  an Option  Agreement  in such  form as the Board of  Directors
                  from time to time may determine.

5:02              The exercise price per share for Options shall be equal to the
                  Fair  Market  Value of a share of Common  Stock on the date of
                  grant of the Options.

5:03              Subject to the other  limitations  set forth in the Plan,  the
                  term of the Option shall be 10 years from the date on which it
                  is granted.



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5:04              Unless otherwise provided by the Board of Directors, each
                  Option shall become exercisable on the date of the first
                  Annual Meeting of Stockholders following the date the
                  Option was granted.  If an Option holder does not
                  purchase the full number of shares of Common Stock that
                  he or she at any time has become entitled to purchase, he
                  or she may purchase all or any part of those shares of
                  Common Stock at any subsequent time during the term of
                  the Option.

5:05              Options shall be nontransferable and nonassignable,
                  except that Options may be transferred by testamentary
                  instrument or by the laws of descent and distribution and
                  may be transferred pursuant to a qualified domestic
                  relations order as defined by the Internal Revenue Code
                  of 1986, as amended, or Title I of the Employee
                  Retirement Income Security Act.

5:06              If an Option holder ceases to be a director of the
                  Corporation, his or her Option and all rights thereunder
                  shall terminate effective at the close of business on the
                  date the Option holder ceases to be a director of the
                  Corporation, except (i) to the extent previously
                  exercised, (ii) as provided in Sections 5:07 and 5:08 and
                  (iii) for a period of 30 days after he or she ceases to
                  be a director of the Corporation, the Option holder shall
                  be entitled to exercise any Option that was exercisable
                  at the close of business on the date the Option holder
                  ceased to be a director of the Corporation.

5:07              If an Option holder dies during the term of his or her
                  Option without having fully exercised the Option, the
                  executor or administrator of his or her estate or the
                  person who inherits the right to exercise the Option by
                  bequest or inheritance shall have the right within three
                  years of the Option holder's death to purchase the number
                  of shares of Common Stock that the deceased Option holder
                  was entitled to purchase at the date of his or her death,
                  after which the Option shall lapse, provided that in no
                  event may any Option be exercised after the expiration of
                  the term of the Option.

5:08              If an Option holder ceases to be a director of the
                  Corporation without having fully exercised his or her
                  Option and (i) the Option holder is 65 years of age or
                  older, or (ii) the Option holder has been a director of
                  the Corporation or any of its subsidiaries for at least
                  5 years, then the Option holder shall have the right
                  within three years of the Option holder's termination as
                  a director to purchase the number of shares of Common
                  Stock that the Option holder was entitled to purchase at
                  the date of termination, after which the Option shall
                  lapse, provided that in no event may any Option be
                  exercised after the expiration of the term of the Option.


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5:09              The  granting  of an  Option  pursuant  to the Plan  shall not
                  constitute or be evidence of any  agreement or  understanding,
                  express or implied, on the part of the Corporation to continue
                  the Option holder as a director for any specified period.


                                  ARTICLE 6:00

                         Methods of Exercise of Options

6:01              An Option holder (or other person or persons, if any,
                  entitled to exercise an Option hereunder) desiring to
                  exercise an Option granted pursuant to the Plan as to all
                  or part of the shares of Common Stock covered by the
                  Option shall (i) notify the Corporation in writing at its
                  principal office at 701 East Joppa Road, Towson, Maryland
                  21286, to that effect, specifying the number of shares of
                  Common Stock to be purchased and the method of payment
                  therefor, and (ii) make payment or provision for payment
                  for the shares of Common Stock so purchased in accordance
                  with this Article 6:00.  Such written notice may be given
                  by means of a facsimile transmission.  If a facsimile
                  transmission is used, the Option holder should mail the
                  original executed copy of the written notice to the
                  Corporation promptly thereafter.

6:02              Payment or provision for payment shall be made as
                  follows:

                  (a)      The Option holder shall deliver to the Corporation at
                           the address set forth in Section  6:01 United  States
                           currency in an amount equal to the aggregate purchase
                           price of the shares of Common  Stock as to which such
                           exercise relates; or

                  (b)      The Option holder shall tender to the Corporation
                           shares of Common Stock already owned by the Option
                           holder that, together with any cash tendered
                           therewith, have an aggregate fair market value
                           (determined based on the Fair Market Value of a
                           share of Common Stock on the date the notice set
                           forth in Section 6:01 is received by the
                           Corporation) equal to the aggregate purchase price
                           of the shares of Common Stock as to which such
                           exercise relates; or

                  (c)      The Option holder shall deliver to the Corporation an
                           exercise    notice    together    with    irrevocable
                           instructions  to a broker to deliver  promptly to the
                           Corporation  the  amount  of sale  or  loan  proceeds
                           necessary to pay the aggregate  purchase price of the
                           shares  of  Common  Stock as to which  such  exercise
                           relates and to sell the shares of Common


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                           Stock to be issued  upon  exercise  of the Option and
                           deliver  the  cash  proceeds  less   commissions  and
                           brokerage fees to the Option holder or to deliver the
                           remaining  shares  of  Common  Stock  to  the  Option
                           holder. Notwithstanding the foregoing provisions, the
                           Board of Directors  may limit the methods in which an
                           Option  may  be  exercised  by  any  person  and,  in
                           processing  any  purported   exercise  of  an  Option
                           granted pursuant to the Plan, may refuse to recognize
                           the method of exercise  selected by the Option holder
                           (other  than the  method  of  exercise  set  forth in
                           Section 6:02(a)) if, in the opinion of counsel to the
                           Corporation,  (i) the Option  holder is or within the
                           six months  preceding  such  exercise  was subject to
                           reporting under Section 16(a) of the Exchange Act and
                           (ii)  there  is a  substantial  likelihood  that  the
                           method of  exercise  selected  by the  Option  holder
                           would subject the Option holder to a substantial risk
                           of liability under Section 16 of the Exchange Act.

6:03              In addition to the alternative methods of exercise set
                  forth in Section 6:02, the Option holder shall be
                  entitled, at or prior to the time the written notice
                  provided for in Section 6:01 is delivered to the
                  Corporation, to elect to have the Corporation withhold
                  from the shares of Common Stock to be delivered upon
                  exercise of the Option that number of shares of Common
                  Stock (determined based on the Fair Market Value of a
                  share of Common Stock on the date the notice set forth
                  in Section 6:01 is received by the Corporation) necessary
                  to satisfy any withholding taxes attributable to the
                  exercise of the Option.  Alternatively the holder may
                  elect to deliver previously owned shares of Common Stock
                  upon exercise of the Stock Option to satisfy any
                  withholding taxes attributable to the exercise of the
                  Stock Option.  The maximum amount that an Option holder
                  may elect to have withheld from the shares of Common
                  Stock otherwise deliverable upon exercise or the maximum
                  number of previously owned shares an Option  holder may
                  deliver shall be equal to his or her federal and state
                  withholding.  Notwithstanding the foregoing  provisions,
                  the Board of Directors may include in the Option
                  Agreement relating to any such Option provisions
                  limiting or eliminating the Option holder's ability to
                  pay his or her withholding tax obligation with shares of
                  Common Stock or, if no such provisions are included in
                  the Option Agreement but in the opinion of the Board of
                  Directors such withholding would have an adverse tax or
                  accounting effect to the Corporation, at or prior to
                  exercise of the Option, the Board of Directors may so
                  limit or eliminate the Option holder's ability to pay
                  withholding tax obligations with shares of Common Stock.
                  Notwithstanding the foregoing provisions, a holder of an


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                  Option may not elect any of the methods of  satisfying  his or
                  her  withholding tax obligation in respect of any exercise if,
                  in the opinion of counsel to the  Corporation,  (i) the holder
                  of the Stock Option is or within the six months preceding such
                  exercise was subject to reporting  under  Section 16(a) of the
                  Exchange Act and (ii) there is a substantial  likelihood  that
                  the  election  or timing of the  election  would  subject  the
                  holder to a substantial  risk of liability under Section 16 of
                  the Exchange Act.

6:04              An Option  holder at any time may elect in  writing to abandon
                  an Option in respect of all or part of the number of shares of
                  Common  Stock as to  which  the  Option  shall  not have  been
                  exercised.

6:05              An  Option   holder  shall  have  none  of  the  rights  of  a
                  stockholder  of the  Corporation  until  the  shares of Common
                  Stock  covered by the Option are issued  upon  exercise of the
                  Option.


                                  ARTICLE 7:00

                        Limited Stock Appreciation Rights

7:01              Option holders shall have Limited Stock Appreciation
                  Rights entitling Option holders to receive, in connection
                  with a Change in Control (as defined in Section 7:02), a
                  cash payment in cancellation of all of their Options that
                  are outstanding on the date the Change in Control occurs
                  (whether or not such Options are then presently
                  exercisable), which payment shall be equal to the number
                  of shares covered by the cancelled Options multiplied by
                  the excess over the exercise price of the Options of the
                  higher of (i) the Fair Market Value of a share of Common
                  Stock on the date of the Change in Control or (ii) the
                  highest per share price paid for the shares of Common
                  Stock in connection with the Change in Control (with the
                  value of any noncash consideration paid in connection
                  with the Change in Control to be determined by the Board
                  of Directors in its sole and absolute discretion).  For
                  purposes of this Section 7:01 as well as the other
                  provisions of this Plan, once an Option or portion of an
                  Option has terminated, lapsed or expired, or has been
                  abandoned, in accordance with the provisions of the Plan,
                  the Option (or the portion of the Option) that has
                  terminated, lapsed or expired, or has been abandoned,
                  shall cease to be outstanding.  Limited Stock
                  Appreciation Rights shall not be exercisable at the
                  discretion of the holder but shall automatically be
                  exercised upon a Change in Control.

7:02              For purposes of Section 7:01, a "Change in Control" shall


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                  mean a change in control of the  Corporation  of a nature that
                  would be  required  to be reported in response to Item 6(e) of
                  Schedule 14A of Regulation 14A promulgated  under the Exchange
                  Act,  whether or not the  Corporation  is in fact  required to
                  comply therewith,  provided that, without  limitation,  such a
                  Change in Control  shall be deemed to have occurred if (A) any
                  "person" (as such term is used in Sections  13(d) and 14(d) of
                  the  Exchange  Act),  other than a trustee or other  fiduciary
                  holding  securities  under  an  employee  benefit  plan of the
                  Corporation  or  any  of its  subsidiaries,  or a  corporation
                  owned,  directly or  indirectly,  by the  stockholders  of the
                  Corporation  in  substantially  the same  proportions as their
                  ownership  of  stock of the  Corporation,  is or  becomes  the
                  "beneficial  owner"  (as  defined  in  Rule  13d-3  under  the
                  Exchange Act),  directly or  indirectly,  of securities of the
                  Corporation  representing  20% or more of the combined  voting
                  power of the Corporation's then outstanding securities; or (B)
                  during any period of two consecutive years, individuals who at
                  the beginning of such period constitute the Board of Directors
                  and any new director  (other than a director  designated  by a
                  person who has entered into an agreement with the  Corporation
                  to effect a  transaction  described  in clauses  (A) or (C) of
                  this Section 7:02) whose election by the Board of Directors or
                  nomination for election by the Corporation's  stockholders was
                  approved  by a vote of at least  two-thirds  of the  directors
                  then  still  in  office  who  either  were  directors  at  the
                  beginning of the period or whose  election or  nomination  for
                  election was  previously so approved,  cease for any reason to
                  constitute a majority thereof;  or (C) the stockholders of the
                  Corporation approve a merger,  share exchange or consolidation
                  of the Corporation  with any other  corporation,  other than a
                  merger,  share exchange or consolidation which would result in
                  the  voting   securities   of  the   Corporation   outstanding
                  immediately  prior thereto  continuing to represent (either by
                  remaining  outstanding  or  by  being  converted  into  voting
                  securities  of  the  surviving  entity)  at  least  60% of the
                  combined  voting  power  of  the  voting   securities  of  the
                  Corporation or such surviving entity  outstanding  immediately
                  after such merger,  share  exchange or  consolidation,  or the
                  stockholders  of the  Corporation  approve a plan of  complete
                  liquidation of the Corporation or an agreement for the sale or
                  disposition by the Corporation of all or substantially all the
                  Corporation's assets.


                                  ARTICLE 8:00

                    Amendments and Discontinuance of the Plan

8:01              The Board of Directors shall have the right at any time


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                  and from time to time to amend,  modify,  or  discontinue  the
                  Plan  provided  that,  except as provided in Section  4:03, no
                  such amendment,  modification,  or  discontinuance of the Plan
                  shall (i)  revoke  or alter  the terms of any valid  Option or
                  Limited Stock  Appreciation  Right previously granted pursuant
                  to the  Plan,  (ii)  increase  the  number of shares of Common
                  Stock to be reserved for issuance and sale pursuant to Options
                  or Stock  Appreciation  Rights  granted  pursuant to the Plan,
                  (iii) decrease the price determined pursuant to the provisions
                  of Section  5:02 or increase  the amount of cash that a holder
                  of a Limited Stock  Appreciation  Right is entitled to receive
                  upon  exercise of a Limited  Stock  Appreciation  Right,  (iv)
                  change  the class of  individuals  to whom  Options or Limited
                  Stock Appreciation Rights may be granted pursuant to the Plan,
                  or (v)  provide  for  Options  or Limited  Stock  Appreciation
                  Rights  exercisable more than 10 years after the date granted.
                  Notwithstanding the foregoing, the provisions of the Plan that
                  determine the amount, price or timing of benefits or the grant
                  or exercise of Options as Limited  Stock  Appreciation  Rights
                  shall not be amended  more than once every six months,  unless
                  the amendment  would be consistent with the provisions of Rule
                  16b3(c)(2)(ii)  promulgated  under  the  Exchange  Act (or any
                  successor provision thereto).


                                  ARTICLE 9:00

                Plan Subject to Governmental Laws and Regulations

9:01              The Plan and the grant and exercise of Options and
                  Limited Stock Appreciation Rights pursuant to the Plan
                  shall be subject to all applicable governmental laws and
                  regulations.  Notwithstanding any other provision of the
                  Plan to the contrary, the Board of Directors may in its
                  sole and absolute discretion make such changes in the
                  Plan as may be required to conform the Plan to such laws
                  and regulations.


                                  ARTICLE 10:00

                              Duration of the Plan

10:01             No Option or Limited Stock Appreciation Right shall be granted
                  pursuant  to the Plan after the close of business on April 30,
                  2005.


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