Document:

<PAGE>

                                                                    Exhibit 4.4

                           GUARANTEE AGREEMENT, dated as of March 3, 2000,
                           made by the undersigned subsidiaries (each a
                           "Subsidiary Guarantor") of Weight Watchers
                           International, Inc.(the "Company"), in favor of the
                           Holders (as defined in the Indenture referred to
                           below) and the Trustee (as defined below).

                  Reference is made to the Euro Securities Indenture (as the
same may be amended, restated, supplemented or modified from time to time, the
"Indenture") among the Company and Norwest Bank Minnesota, National Association,
as trustee (the "Trustee") dated as of September 29, 1999, relating to the
Securities.

                  WHEREAS, the Company owns directly or indirectly all or a
majority of interest in each Subsidiary Guarantor;

                  WHEREAS, the Company has agreed pursuant to the Indenture to
cause the Subsidiary Guarantors to Guarantee the Securities pursuant to the
terms of the Indenture and this Guarantee Agreement;

                  NOW, THEREFORE, in consideration of the promises thereby, each
Subsidiary Guarantor hereby agrees with and for the benefit of the Holders as
follows:

                                   ARTICLE 1

                                  DEFINITIONS

                  SECTION 1.01. DEFINED TERMS. As used in this Guarantee
Agreement, terms defined in the Indenture (to the extent not otherwise defined
herein) or in the preamble or recitals hereto are used herein as therein
defined.

                                    ARTICLE 2

                                   GUARANTEES

                  SECTION 2.01. GUARANTEES. Each Subsidiary Guarantor hereby
unconditionally and irrevocably guarantees, jointly and severally, to each
Holder and to the Trustee and its successors and assigns (a) the full and
punctual payment of principal of and interest on the Securities when due,
whether at maturity, by acceleration, by redemption or otherwise, and all other
monetary obligations of the Company under the Indenture and the Securities and
(b) the full and punctual performance within applicable grace periods of all
other obligations of the Company under the Indenture and the Securities (all the
foregoing being hereinafter collectively called the "Obligations"). Each
Subsidiary Guarantor further agrees that the Obligations may be extended or
renewed, in whole or in part, without notice or further assent from such
Subsidiary Guarantor and that such Subsidiary Guarantor will remain bound under
the Indenture notwithstanding any extension or renewal of any Obligation.

<PAGE>

                                                                               2

                  Each Subsidiary Guarantor waives presentation to, demand of,
payment from and protest to the Company of any of the Obligations and also
waives notice of protest for nonpayment. Each Subsidiary Guarantor waives notice
of any default under the Securities or the Obligations. The obligations of each
Subsidiary Guarantor hereunder shall not be affected by (a) the failure of any
Holder or the Trustee to assert any claim or demand or to enforce any right or
remedy against the Company or any other Person under the Indenture, the
Securities or any other agreement or otherwise; (b) any extension or renewal of
any such claim, demand, right or remedy; (c) any rescission, waiver, amendment
or modification of any of the terms or provisions of the Indenture, the
Securities or any other agreement; (d) the release of any security held by any
Holder or the Trustee for the Obligations or any of them; (e) the failure of any
Holder or the Trustee to exercise any right or remedy against any other
guarantor of the Obligations; or (f) any change in the ownership of such
Subsidiary Guarantor (except as provided in Section 2.06).

                  Each Subsidiary Guarantor further agrees that its Subsidiary
Guarantee herein constitutes a guarantee of payment, performance and compliance
when due (and not a guarantee of collection) and waives any right to require
that any resort be had by any Holder or the Trustee to any security held for
payment of the Obligations.

                  Each Subsidiary Guarantee is, to the extent and in the manner
set forth in Article 3, subordinated and subject in right of payment to the
prior payment in full of the principal of and premium, if any, and interest on
all Senior Indebtedness of the Subsidiary Guarantor giving such Subsidiary
Guarantee and each Subsidiary Guarantee is made subject to such provisions of
the Indenture.

                  Except as expressly set forth in Section 8.01(b) of the
Indenture and Sections 2.02 and 2.06 of this Guarantee Agreement, the
obligations of each Subsidiary Guarantor hereunder shall not be subject to any
reduction, limitation, impairment or termination for any reason, including any
claim of waiver, release, surrender, alteration or compromise, and shall not be
subject to any defense of setoff, counterclaim, recoupment or termination
whatsoever or by reason of the invalidity, illegality or unenforceability of the
Obligations or otherwise. Without limiting the generality of the foregoing, the
obligations of each Subsidiary Guarantor herein shall not be discharged or
impaired or otherwise affected by the failure of any Holder or the Trustee to
assert any claim or demand or to enforce any remedy under the Indenture, the
Securities or any other agreement, by any waiver or modification of any thereof,
by any default, failure or delay, willful or otherwise, in the performance of
the obligations, or by any other act or thing or omission or delay to do any
other act or thing which may or might in any manner or to any extent vary the
risk of such Subsidiary Guarantor or would otherwise operate as a discharge of
such Subsidiary Guarantor as a matter of law or equity.

                  Each Subsidiary Guarantor further agrees that its Guarantee
herein shall continue to be effective or be reinstated, as the case may be, if
at any time payment, or any part thereof, of principal of or interest on any
Obligation is rescinded or must otherwise be restored by any Holder or the
Trustee upon the bankruptcy or reorganization of the Company or otherwise.

                  In furtherance of the foregoing and not in limitation of any
other right which any Holder or the Trustee has at law or in equity against any
Subsidiary Guarantor by virtue hereof, upon the failure of the Company to pay
the principal of or interest on

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                                                                               3

any Obligation when and as the same shall become due, whether at maturity, by
acceleration, by redemption or otherwise, or to perform or comply with any other
Obligation, each Subsidiary Guarantor hereby promises to and will, upon receipt
of written demand by the Trustee, forthwith pay, or cause to be paid, in cash,
to the Holders or the Trustee an amount equal to the sum of (i) the unpaid
amount of such Obligations, (ii) accrued and unpaid interest on such Obligations
(but only to the extent not prohibited by law) and (iii) all other monetary
Obligations of the Company to the Holders and the Trustee.

                  Each Subsidiary Guarantor agrees that it shall not be entitled
to any right of subrogation in respect of any Obligations guaranteed hereby
until payment in full of all Obligations and all obligations to which the
Obligations are subordinated as provided in Article 3. Each Subsidiary Guarantor
further agrees that, as between it, on the one hand, and the Holders and the
Trustee, on the other hand, (x) the maturity of the Obligations Guaranteed
hereby may be accelerated as provided in Article 6 of the Indenture for the
purposes of such Subsidiary Guarantor's Subsidiary Guarantee herein,
notwithstanding any stay, injunction or other prohibition preventing such
acceleration in respect of the Obligations guaranteed hereby, and (y) in the
event of any declaration of acceleration of such obligations as provided in
Article 6 of the Indenture, such Obligations (whether or not due and payable)
shall forthwith become due and payable by such Subsidiary Guarantor for the
purposes of this Section.

                  Each Subsidiary Guarantor also agrees to pay any and all costs
and expenses (including reasonable attorneys' fees) incurred by the Trustee or
any Holder in enforcing any rights under this Section.

                  With respect to Weight Watchers International Pty Ltd (ACN 070
836 449), Fortuity Pty Ltd (ACN 007 148 683) and Gutbusters Pty Ltd (ACN 059 073
157) (each an "Australian Guarantor"), the guarantee created by the Australian
Guarantor under this Guarantee Agreement takes effect on the following basis:

                  (a) the guarantee takes effect immediately as security for the
payment of all Obligations except to the extent that any such Obligation arises
as a consequence of the provision of finance under the Indenture which
financially assists the acquisition of shares (including units (as defined in
the Corporations Law within the meaning of the Corporations Law 1989 of
Australia (the "Corporations Law")) of shares) in the Australian Guarantor or
any holding company (as defined in the Corporations Law) of an Australian
Guarantor; and

                  (b) to the extent that the guarantee secures any Obligations
arising as a consequence of the provision of finance under the Indenture which
financially assists the acquisition of shares (including units (as defined in
the Corporations Law) of shares) in the Australian Guarantor or any holding
company (as defined in the Corporations Law) of the Australian Guarantor, this
Guarantee will automatically guarantee such Obligations on and from the
fourteenth day after notification by or on behalf of the Australian Guarantor to
the Australian Securities and Investment Commission under section 260B(6) of the
Corporations Law of shareholder approval to the giving of financial assistance
by the Australian Guarantor in respect of the acquisition.

                  SECTION 2.02. LIMITATION ON LIABILITY. Any term or provision
of this Guarantee Agreement to the contrary notwithstanding, the maximum,
aggregate amount

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                                                                               4

of the Obligations guaranteed hereunder by any Subsidiary Guarantor shall not
exceed the maximum amount that can be hereby guaranteed without rendering this
Guarantee Agreement, as it relates to such Subsidiary Guarantor, voidable under
applicable law relating to fraudulent conveyance or fraudulent transfer or
similar laws affecting the rights of creditors generally.

                  SECTION 2.03. SUCCESSORS AND ASSIGNS. This Article 2 shall be
binding upon each Subsidiary Guarantor and its successors and assigns and shall
enure to the benefit of the successors and assigns of the Trustee and the
Holders and, in the event of any transfer or assignment of rights by any Holder
or the Trustee, the rights and privileges conferred upon that party in the
Indenture and in the Securities shall automatically extend to and be vested in
such transferee or assignee, all subject to the terms and conditions of the
Indenture.

                  Each Subsidiary Guarantor that makes a payment under its
Subsidiary Guarantee will be entitled to a contribution from each other
Subsidiary Guarantor in an amount equal to such other Subsidiary Guarantor's pro
rata portion of such payment based on the respective net assets of all the
Subsidiary Guarantors at the time of such payment determined in accordance with
GAAP.

                  SECTION 2.04. NO WAIVER. Neither a failure nor a delay on the
part of either the Trustee or the Holders in exercising any right, power or
privilege under this Article 2 shall operate as a waiver thereof, nor shall a
single or partial exercise thereof preclude any other or further exercise of any
right, power or privilege. The rights, remedies and benefits of the Trustee and
the Holders herein expressly specified are cumulative and not exclusive of any
other rights, remedies or benefits which either may have under this Article 2 at
law, in equity, by statute or otherwise.

                  SECTION 2.05. MODIFICATION. No modification, amendment or
waiver of any provision of this Article 2, nor the consent to any departure by
any Subsidiary Guarantor therefrom, shall in any event be effective unless the
same shall be in writing and signed by the Trustee, and then such waiver or
consent shall be effective only in the specific instance and for the purpose for
which given. No notice to or demand on any Subsidiary Guarantor in any case
shall entitle such Subsidiary Guarantor to any other or further notice or demand
in the same, similar or other circumstances.

                  SECTION 2.06. RELEASE OF SUBSIDIARY GUARANTOR. Upon (w) the
sale (including any sale pursuant to any exercise of remedies by a holder of
Senior Indebtedness) or other disposition (including by way of consolidation or
merger) of a Subsidiary Guarantor, (x) the sale or disposition of all or
substantially all the assets of such Subsidiary Guarantor (in each case other
than to the Company or an Affiliate of the Company), (y) a Subsidiary
Guarantor's ceasing for any reason to be a Guarantor under the Credit Agreement
or (z) the exercise by the Company of its legal defeasance option or its
covenant defeasance option pursuant to Article 8 of the Indenture, such
Subsidiary Guarantor shall be deemed released from all obligations under this
Article 2 without any further action required on the part of the Trustee or any
Holder. At the request of the Company, the Trustee shall execute and deliver an
appropriate instrument evidencing such release.

                                    ARTICLE 3

<PAGE>

                                                                               5

                     SUBORDINATION OF SUBSIDIARY GUARANTIES

                  SECTION 3.01. AGREEMENT TO SUBORDINATE. Each Subsidiary
Guarantor agrees, and each Securityholder by accepting a Security agrees, that
the Obligations of such Subsidiary Guarantor are subordinated in right of
payment, to the extent and in the manner provided in this Article 3, to the
prior payment of all Senior Indebtedness of such Subsidiary Guarantor and that
the subordination is for the benefit of and enforceable by the holders of such
Senior Indebtedness. The Obligations of a Subsidiary Guarantor shall in all
respects rank PARI PASSU with all other Senior Subordinated Indebtedness of such
Subsidiary Guarantor and only Senior Indebtedness of such Subsidiary Guarantor
(including such Subsidiary Guarantor's Guarantee of Senior Indebtedness of the
Company) shall rank senior to the Obligations of such Subsidiary Guarantor in
accordance with the provisions set forth herein.

                  SECTION 3.02. LIQUIDATION, DISSOLUTION, BANKRUPTCY. Upon any
payment or distribution of the assets of any Subsidiary Guarantor to creditors
upon a total or partial liquidation or a total or partial dissolution of such
Subsidiary Guarantor or in a bankruptcy, reorganization, insolvency,
receivership or similar proceeding relating to such Subsidiary Guarantor or its
property:

                  (1) holders of Senior Indebtedness of such Subsidiary
         Guarantor shall be entitled to receive payment in full of such Senior
         Indebtedness in cash or Temporary Cash Investments before
         Securityholders shall be entitled to receive any payment pursuant to
         any Obligations of such Subsidiary Guarantor; and

                  (2) until the Senior Indebtedness of any Subsidiary Guarantor
         is paid in full in cash or Temporary Cash Investments, any payment or
         distribution to which Securityholders would be entitled but for this
         Article 3 shall be made to holders of such Senior Indebtedness as their
         interests may appear, except that Securityholders may receive shares of
         stock and any debt securities of such Subsidiary Guarantor that are
         subordinated to Senior Indebtedness, and to any debt securities
         received by holders of Senior Indebtedness, of such Subsidiary
         Guarantor to at least the same extent as the Obligations of such
         Subsidiary Guarantor are subordinated to Senior Indebtedness of such
         Subsidiary Guarantor.

                  SECTION 3.03. DEFAULT ON SENIOR INDEBTEDNESS OF SUBSIDIARY
GUARANTOR. No Subsidiary Guarantor may make any payment pursuant to any of its
Obligations or repurchase, redeem or otherwise retire or defease any Securities
or other Obligations (collectively, "pay its Subsidiary Guarantee") if (i) any
Designated Senior Indebtedness of the Company is not paid in full in cash or
Temporary Cash Investments when due or (ii) any other default on Designated
Senior Indebtedness of the Company occurs and the maturity of such Designated
Senior Indebtedness is accelerated in accordance with its terms unless, in
either case, (x) the default has been cured or waived and any such acceleration
has been rescinded or (y) such Designated Senior Indebtedness has been paid in
full in cash or Temporary Cash Investments; PROVIDED, HOWEVER, that any
Subsidiary Guarantor may pay its Subsidiary Guarantee without regard to the
foregoing if such Subsidiary Guarantor and the Trustee receive written notice
approving such payment from the Representatives of the Designated Senior
Indebtedness. No Subsidiary Guarantor may pay its Subsidiary Guarantee during
the continuance of any Payment Blockage Period after receipt by the Company and
the Trustee of a Blockage Notice under Section 10.03 of the Indenture.
Notwithstanding the provisions described in the

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                                                                               6

immediately preceding sentence (but subject to the provisions contained in the
first sentence of this Section), unless the holders of Designated Senior
Indebtedness giving such Blockage Notice or the Representative of such holders
shall have accelerated the maturity of such Designated Senior Indebtedness, any
Subsidiary Guarantor may resume payments pursuant to its Subsidiary Guarantee
after termination of such Payment Blockage Period.

                  SECTION 3.04. DEMAND FOR PAYMENT. If a demand for payment is
made on a Subsidiary Guarantor pursuant to Article 2, the Trustee shall promptly
notify the holders of the Designated Senior Indebtedness (or their
Representatives) of such demand.

                  SECTION 3.05. WHEN DISTRIBUTION MUST BE PAID OVER. If a
distribution is made to Securityholders that because of this Article 3 should
not have been made to them, the Securityholders who receive the distribution
shall hold it in trust for holders of the relevant Senior Indebtedness and pay
it over to them or their Representatives as their interests may appear.

                  SECTION 3.06. SUBROGATION. After all Senior Indebtedness of a
Subsidiary Guarantor is paid in full and until the Securities are paid in full,
Securityholders shall be subrogated to the rights of holders of such Senior
Indebtedness to receive distributions applicable to Senior Indebtedness. A
distribution made under this Article 3 to holders of such Senior Indebtedness
which otherwise would have been made to Securityholders is not, as between the
relevant Subsidiary Guarantor and Securityholders, a payment by such Subsidiary
Guarantor on such Senior Indebtedness.

                  SECTION 3.07. RELATIVE RIGHTS. This Article 3 defines the
relative rights of Securityholders and holders of Senior Indebtedness of a
Subsidiary Guarantor. Nothing in this Agreement or the Indenture shall:

                  (1) impair, as between a Subsidiary Guarantor and
         Securityholders, the obligation of such Subsidiary Guarantor, which is
         absolute and unconditional, to pay the Obligations to the extent set
         forth in Article 2; or

                  (2) prevent the Trustee or any Securityholder from exercising
         its available remedies upon a default by such Subsidiary Guarantor
         under the Obligations, subject to the rights of holders of Senior
         Indebtedness of such Subsidiary Guarantor to receive distributions
         otherwise payable to Securityholders.

                  SECTION 3.08. SUBORDINATION MAY NOT BE IMPAIRED BY COMPANY. No
right of any holder of Senior Indebtedness of any Subsidiary Guarantor to
enforce the subordination of the Obligations of such Subsidiary Guarantor shall
be impaired by any act or failure to act by such Subsidiary Guarantor or by its
failure to comply with this Guarantee Agreement.

                  SECTION 3.09. RIGHTS OF TRUSTEE AND PAYING AGENT.
Notwithstanding Section 3.03, the Trustee or Paying Agent may continue to make
payments on any Subsidiary Guarantee and shall not be charged with knowledge of
the existence of facts that would prohibit the making of any such payments
unless, not less than two Business Days prior to the date of such payment, a
Trust Officer of the Trustee receives written notice satisfactory to it that
payments may not be made under this Article 3. The Company, the relevant
Subsidiary Guarantor, the Registrar or co-registrar, the Paying

<PAGE>

                                                                               7

Agent, a Representative or a holder of Senior Indebtedness of any Subsidiary
Guarantor may give the notice; PROVIDED, HOWEVER, that, if an issue of Senior
Indebtedness of any Subsidiary Guarantor has a Representative, only the
Representative may give the notice.

                  The Trustee in its individual or any other capacity may hold
Senior Indebtedness with the same rights it would have if it were not the
Trustee. The Registrar and co-registrar and the Paying Agent may do the same
with like rights. The Trustee shall be entitled to all the rights set forth in
this Article 3 with respect to any Senior Indebtedness of any Subsidiary
Guarantor which may at any time be held by it, to the same extent as any other
holder of Senior Indebtedness; and nothing in Article 7 of the Indenture shall
deprive the Trustee of any of its rights as such holder. Nothing in this Article
3 shall apply to claims of, or payments to, the Trustee under or pursuant to
Section 7.07 of the Indenture.

                  SECTION 3.10. DISTRIBUTION OR NOTICE TO REPRESENTATIVE.
Whenever a distribution is to be made or a notice given to holders of Senior
Indebtedness of any Subsidiary Guarantor, the distribution may be made and the
notice given to their Representative (if any).

                  SECTION 3.11. ARTICLE 3 NOT TO PREVENT DEFAULTS UNDER A
SUBSIDIARY GUARANTEE OR LIMIT RIGHT TO DEMAND PAYMENT. The failure to make a
payment pursuant to a Subsidiary Guarantee by reason of any provision in this
Article 3 shall not be construed as preventing the occurrence of a default under
such Subsidiary Guarantee. Nothing in this Article 3 shall have any effect on
the right of the Securityholders or the Trustee to make a demand for payment on
any Subsidiary Guarantor pursuant to Article 2.

                  SECTION 3.12. TRUSTEE ENTITLED TO RELY. Upon any payment or
distribution pursuant to this Article 3, the Trustee and the Securityholders
shall be entitled to rely (i) upon any order or decree of a court of competent
jurisdiction in which any proceedings of the nature referred to in Section 3.02
are pending, (ii) upon a certificate of the liquidating trustee or agent or
other Person making such payment or distribution to the Trustee or to the
Securityholders or (iii) upon the Representatives for the holders of Senior
Indebtedness of any Subsidiary Guarantor for the purpose of ascertaining the
Persons entitled to participate in such payment or distribution, the holders of
such Senior Indebtedness and other indebtedness of such Subsidiary Guarantor,
the amount thereof or payable thereon, the amount or amounts paid or distributed
thereon and all other facts pertinent thereto or to this Article 3. In the event
that the Trustee determines, in good faith, that evidence is required with
respect to the right of any Person as a holder of Senior Indebtedness of any
Subsidiary Guarantor to participate in any payment or distribution pursuant to
this Article 3, the Trustee may request such Person to furnish evidence to the
reasonable satisfaction of the Trustee as to the amount of Senior Indebtedness
of such Subsidiary Guarantor held by such Person, the extent to which such
Person is entitled to participate in such payment or distribution and other
facts pertinent to the rights of such Person under this Article 3, and, if such
evidence is not furnished, the Trustee may defer any payment to such Person
pending judicial determination as to the right of such Person to receive such
payment. The provisions of Sections 7.01 and 7.02 of the Indenture shall be
applicable to all actions or omissions of actions by the Trustee pursuant to
this Article 3.

<PAGE>

                                                                               8

                  SECTION 3.13. TRUSTEE TO EFFECTUATE SUBORDINATION. Each
Securityholder by accepting a Security authorizes and directs the Trustee on his
behalf to take such action as may be necessary or appropriate to acknowledge or
effectuate the subordination between the Securityholders and the holders of
Senior Indebtedness of any Subsidiary Guarantor as provided in this Article 3
and appoints the Trustee as attorney-in-fact for any and all such purposes.

                  SECTION 3.14. TRUSTEE NOT FIDUCIARY FOR HOLDERS OF SENIOR
INDEBTEDNESS OF SUBSIDIARY GUARANTOR. The Trustee shall not be deemed to owe any
fiduciary duty to the holders of Senior Indebtedness of any Subsidiary Guarantor
and shall not be liable to any such holders if it shall mistakenly pay over or
distribute to Securityholders or the Company or any other Person, money or
assets to which any holders of such Senior Indebtedness shall be entitled by
virtue of this Article 3 or otherwise.

                  SECTION 3.15. RELIANCE BY HOLDERS OF SENIOR INDEBTEDNESS ON
SUBORDINATION PROVISIONS. The Indenture provides that each Securityholder by
accepting a Security acknowledges and agrees that the foregoing subordination
provisions are, and are intended to be, an inducement and a consideration to
each holder of any Senior Indebtedness of any Subsidiary Guarantor, whether such
Senior Indebtedness was created or acquired before or after the issuance of the
Securities, to acquire and continue to hold, or to continue to hold, such Senior
Indebtedness and such holder of Senior Indebtedness shall be deemed conclusively
to have relied on such subordination provisions in acquiring and continuing to
hold, or in continuing to hold, such Senior Indebtedness.

                                    ARTICLE 4

                                  MISCELLANEOUS

                  SECTION 4.01. NOTICES. All notices and other communications
pertaining to this Guarantee Agreement shall be in writing and shall be deemed
to have been duly given upon the receipt thereof. Such notices shall be
delivered by hand, or mailed, certified or registered mail with postage prepaid
(a) if to the Guarantor, at the Company's address set forth in the Indenture,
and (b) if to the Holders or the Trustee, as provided in the Indenture.

                  SECTION 4.02. PARTIES. Nothing expressed or mentioned in this
Guarantee Agreement is intended or shall be construed to give any Person, firm
or corporation, other than the Holders and the Trustee, any legal or equitable
right, remedy or claim under or in respect of this Guarantee Agreement or any
provision herein contained.

                  SECTION 4.03. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED
BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

                  SECTION 4.04. SEVERABILITY CLAUSE. In case any provision of
this Guarantee Agreement shall be invalid, illegal or unenforceable, the
validity, legality and

<PAGE>

                                                                               9

enforceability of the remaining provisions shall not in any way be ineffective
only to the extent of such invalidity, illegality or unenforceability.

                  SECTION 4.05. WAIVERS, AMENDMENTS AND REMEDIES. The failure to
insist in any one or more instances upon strict performance of any of the
provisions of this Guarantee Agreement or to take advantage of any of its rights
hereunder shall not be construed as a waiver of any such provisions or the
relinquishment of any such rights, but the same shall continue and remain in
full force and effect. Except as otherwise expressly limited in this Guarantee
Agreement, all remedies under this Guarantee Agreement shall be cumulative and
in addition to every other remedy provided for herein or by law.

                  SECTION 4.06. HEADINGS. The headings of the Articles and the
sections in this Guarantee Agreement have been inserted for convenience of
reference only, are not intended to be considered a part hereof and shall not
modify or restrict any of the terms or provisions hereof.

<PAGE>

         IN WITNESS WHEREOF, the Subsidiary Guarantors have duly executed this
Guarantee Agreement as of the date first above written.

                                         58 WW FOOD CORP,

                                         by

                                                  ------------------------
                                                  Name:
                                                  Title:

                                         WAIST WATCHERS, INC.,

                                         by

                                                  ------------------------
                                                  Name:
                                                  Title:

                                         WEIGHT WATCHERS CAMPS, INC.,

                                         by

                                                  ------------------------
                                                  Name:
                                                  Title:

                                         W.W. CAMPS AND SPAS, INC.,

                                         by

                                                  ------------------------
                                                  Name:
                                                  Title:

                                         WEIGHT WATCHERS DIRECT, INC.,

                                         by

                                                  ------------------------
                                                  Name:
                                                  Title:

<PAGE>

                                      W/W TWENTYFIRST CORPORATION,

                                      by

                                               ------------------------
                                               Name:
                                               Title:

                                      W.W. WEIGHT REDUCTION
                                               SERVICES, INC.,

                                      by

                                               ------------------------
                                               Name:
                                               Title:

                                      W.W.I. EUROPEAN SERVICES, LTD.,

                                      by

                                               ------------------------
                                               Name:
                                               Title:

                                      W.W. INVENTORY SERVICE CORP.,

                                      by

                                               ------------------------
                                               Name:
                                               Title:

                                      WEIGHT WATCHERS
                                               NORTH AMERICA, INC.,

                                      by

                                               ------------------------
                                               Name:
                                               Title:

<PAGE>

                                         WEIGHT WATCHERS
                                                  UK HOLDINGS LTD,

                                         by

                                                  ------------------------
                                                  Name:
                                                  Title:

                                         WEIGHT WATCHERS
                                                  INTERNATIONAL HOLDINGS
                                                  LTD,

                                         by

                                                  ------------------------
                                                  Name:
                                                  Title:

                                         WEIGHT WATCHERS U.K. LIMITED,

                                         by

                                                  ------------------------
                                                  Name:
                                                  Title:

                                         WEIGHT WATCHERS (ACCESSORIES &
                                                  PUBLICATIONS) LTD,

                                         by

                                                  ------------------------
                                                  Name:
                                                  Title:

                                         WEIGHT WATCHERS
                                                  (FOOD PRODUCTS) LIMITED,

                                         by

                                                  ------------------------
                                                  Name:
                                                  Title:

<PAGE>

                                            WEIGHT WATCHERS
                                                     NEW ZEALAND LIMITED

                                            by

                                                     ------------------------
                                                     Name:
                                                     Title:

<PAGE>

                                         WEIGHT WATCHERS
                                                  INTERNATIONAL PTY
                                                  LIMITED,

                                         by

                                                  ------------------------
                                                  Name:
                                                  Title:

                                         FORTUITY PTY LTD,

                                         by

                                                  ------------------------
                                                  Name:
                                                  Title:

                                         GUTBUSTERS PTY LTD,

                                         by

                                                  ------------------------
                                                  Name:
                                                  Title:

<PAGE>

Acknowledged:

WEIGHT WATCHERS INTERNATIONAL, INC.,

by

         -----------------------
         Name:
         Title:

NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION

as Trustee,

by

         -----------------------
         Name:
         Title:<PAGE>

                                                                  EXHIBIT 10.1.6

                   AMENDMENT TO THE IDS MANAGED FUTURES. L.P.
                     ADVISORY CONTRACT DATED MARCH 27, 1987

     John W. Henry & Company, Inc., a Florida corporation ("JWH"), IDS Managed
Futures, L.P, a Delaware limited partnership ("the Partnership"), IDS Futures
Corporation, a Minnesota corporation ("IDS Futures"), and CIS Investments, Inc.
a Delaware corporation ("CISI"), hereby agree to the following amendments
(collectively, the "Amendment") to that certain Advisory Contract dated March
27, 1987, by and among the parties hereto ("the Advisory Contract"), as amended
(the Advisory Contract and the aforesaid amendments thereto are hereinafter
referred to collectively as the "Agreement"). All terms and conditions of the
Agreement shall remain in full force and effect after adoption of this Amendment
unless expressly and specifically amended hereby, and all references to the
Agreement shall be deemed references to the Agreement as amended hereby. The
purpose of this Amendment is to extend the term of the Agreement. Any
capitalized terms used herein and not specifically defined herein shall have the
meanings ascribed to such terms in the Agreement.

1.   Under Section 6, TERMS AND TERMINATION, the first paragraph shall be
deleted and a new first paragraph shall be inserted to replace the deleted
paragraph and shall read as follows:

          The term of the Agreement as hereby amended shall be deemed to have
     commenced on the date that the Agreement would have expired had this
     Amendment not been executed, and unless sooner terminated, shall continue
     in effect until December 31, 2002. This Agreement shall automatically renew
     with respect to JWH on the same terms as set forth herein for three
     additional twelve-month terms beginning January 1 and ending December 31
     unless the Partnership shall give to JWH written notice that it does not
     elect to renew the Agreement with respect to JWH at least 45 days prior to
     the termination of the then current twelve-month period. This renewal right
     shall be applicable irrespective of any change in Advisors or any
     reallocation of Partnership assets among Advisors or to other trading
     advisors by the Partnership.

2.   This Amendment may be signed in multiple counterparts, all of which, when
     taken together shall constitute one document.

3.   The parties restate and confirm the accuracy as of the date hereof of the
     representations made by each of them in Section 11 and Section 12 of the
     Agreement.

4.   This Amendment and the applicable provisions of the Agreement not expressly
     and specifically amended hereby together constitute the entire agreement
     among the parties with respect to the matters referred to herein and
     therein, and no other agreement, verbal or otherwise, shall be binding upon
     the parties hereto.

                                       1
<PAGE>

     IN WITNESS WHEREOF, the parties hereto have signed this Agreement as of the
     31st day of December, 1999.

IDS MANAGED FUTURES, L.P.                    JOHN W. HENRY & COMPANY, INC.
CIS INVESTMENTS, INC.
GENERAL PARTNER                              By: /s/ Verne O. Sedlacek
                                                 -----------------------------

By: /s/ Barbara A. Pfendler                  Its: President
    -----------------------------                -----------------------------

  Its: Vice President
       --------------------------

IDS FUTURES CORPORATION
GENERAL PARTNER

By: /s/ John M. Knight
    -----------------------------
   Its: Vice President
       --------------------------

CIS INVESTMENTS, INC.

By: /s/ Barbara A. Pfendler
    -----------------------------
  Its: Vice President
       --------------------------

IDS FUTURES CORPORATION
By: /s/ John M. Knight
    -----------------------------
  Its: Vice President
       --------------------------

                                       2

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