Document:

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                                                                  EXHIBIT 10.31

EXECUTIVE EMPLOYMENT
AGREEMENT
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ADAYTUM SOFTWARE, INC.

BUSINESS BUDGET MANAGEMENT SOLUTIONS PTY
LIMITED

MICHAEL FRANCIS GILES HADDLETON

ALLEN ALLEN & HEMSLEY
The Chifley Tower
2 Chifley Square
Sydney  NSW  2000
Australia
Tel  61  2 9230 4000
Fax  61  2 9230 5333

-C- Copyright Allen Allen & Hemsley 2000

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EXECUTIVE EMPLOYMENT AGREEMENT                             ALLEN ALLEN & HEMSLEY
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DATE                                                                    2000
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PARTIES
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         1.    ADAYTUM SOFTWARE, INC. of 2051 Killebrew Drive, Suite 400,
               Minneapolis, Minnesota 55425, USA (ADAYTUM);

         2.    BUSINESS BUDGET MANAGEMENT SOLUTIONS PTY LIMITED
               (ACN 082 177 400) of Pritchard Adams, Level 3,
               1 Chandos Street, St Leonards, NSW 2065, Australia
               (the COMPANY); and

         3.    MICHAEL FRANCIS GILES HADDLETON of 14 Lisle Street, Narrabeen,
               NSW 2101, Australia (the EMPLOYEE).

RECITALS
-------------

         A     The Company has agreed to employ the Employee and the Employee
               has agreed to serve the Company on the terms of this Agreement

IT IS AGREED as follows.

1.       DEFINITIONS AND INTERPRETATION
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1.1      DEFINITIONS

         The following definitions apply unless the context requires otherwise.

         ADAYTUM STOCK OPTION PLAN means The Adaytum Software Inc 1999 Stock
         Option Plan.

         BASE SALARY means the amount of remuneration received by the Employee,
         being the amount set out in clause 5.1, as amended by review from time
         to time under clause 4.2.

         CONFIDENTIAL INFORMATION:

         (a)      means information (whether or not in material form) given to
                  or gained by the Employee before, during or after the Term,
                  that relates to:

                  (i)     the Company or any Group Member; or

                  (ii)     customers or suppliers of the Company or any Group
                           Member in that capacity; and

         (b)      includes, but is not limited to:

                  (i)     trade secrets;

                  (ii)    information relating to the business affairs, accounts
                          work, marketing plans, sales plans, prospects, price
                          information,

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EXECUTIVE EMPLOYMENT AGREEMENT                             ALLEN ALLEN & HEMSLEY
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                           supplier lists, research, management, financing,
                           products, inventions, designs or processes;

                  (iii)    computer data bases and computer software; and

                  (iv)     data surveys, customer lists, specifications,
                           drawings, records, reports and statements.

         GROUP means the Company and any Related Body Corporate from time to
         time and includes Adaytum Software, Inc. and its subsidiaries.

         GROUP MEMBER means any member of the Group.

         IMPROVEMENTS means all inventions, improvements or discoveries
         conceived by the Employee during the Term and which are related or are
         in any way connected with the Company's business or that of a Group
         Member.

         OPERATIVE DATE means 1 March 2000.

         RELATED BODY CORPORATE means, in relation to a body corporate, a body
         corporate which is related to it within the meaning of Section 50 of
         the Corporations Law.

         RELEVANT GROUP MEMBER means each Group Member for whom the Employee may
         work or perform services from time to time.

         SHARE ACQUISITION AGREEMENT means the agreement between Adaytum and the
         Employee under which the Employee sells to Adaytum all of the shares in
         the Company.

         SUPERANNUATION FUND means the Mercantile Mutual "Integra Retirement
         Plan" SFN 148 113 944.

         TERM means the period during which this Service Agreement and the
         Employee's employment by the Company continues, as provided in
         clause 1.2.

         TERMINATION DATE means the date of termination of the Employee's
         employment with the Company whether under clause 5 or otherwise.

1.2      INTERPRETATION

         Headings are for convenience only and do not affect interpretation. The
         following rules of interpretation apply unless the context requires
         otherwise.

         (a)      The SINGULAR includes the plural and conversely.

         (b)      A GENDER includes all genders.

         (c)      Where a WORD or PHRASE is defined, its other grammatical forms
                  have a corresponding meaning.

         (d)      A reference to a CLAUSE or SCHEDULE is to a clause of or
                  schedule to this Service Agreement.

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EXECUTIVE EMPLOYMENT AGREEMENT                             ALLEN ALLEN & HEMSLEY
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         (e)      A reference to any PARTY to this Service Agreement or any
                  other agreement or document includes the party's successors
                  and permitted assigns.

         (f)      A reference to CONDUCT includes, without limitation, any
                  omission, statement or undertaking, whether or not in writing.

2.       TERM OF EMPLOYMENT
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2.1      ENGAGEMENT

         The Company shall employ the Employee as Managing Director - Asia
         Pacific of the Company and the Employee shall serve the Company in
         accordance with this Agreement during the Term.

2.2      TERM

         The term of this Agreement will be two years commencing on the
         Operative Date, after which period it will continue unless it is
         terminated by either party under clause 5.

3.       EMPLOYEE'S OBLIGATIONS
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3.1      POSITION

         The Employee shall perform the duties of managing director or any other
         position that may be agreed in writing between the Company and the
         Employee from time to time.

3.2     DUTIES OF EMPLOYEE

         During the Term the Employee shall do the following:

         (a)      give the whole of his time, ability and attention in normal
                  working hours, or when reasonably required outside those
                  hours, to the business and affairs of the Company and the
                  Group;

         (b)      faithfully and diligently perform the duties and exercise the
                  powers consistent with his office that may be assigned to him
                  by the Company or any Group Member from time to time;

         (c)      comply with all reasonable directions given to him by the
                  Company or any Group Member;

         (d)      observe and comply with the provisions set out in any written
                  policy, practice or procedure circulated by the Company or any
                  Group Member from time to time;

         (e)      use his best endeavours to promote the interests of the Group;
                  and

         (f)      protect the property of the Group from theft, loss, damage or
                  neglect and without delay give notice immediately to the
                  Company or any Relevant Group Member or its responsible
                  representatives of any

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EXECUTIVE EMPLOYMENT AGREEMENT                             ALLEN ALLEN & HEMSLEY
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                  theft, loss, damage or neglect of such property which may come
                  to his knowledge.

4.       NO COMPETITION AND CONFIDENTIALITY
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4.1      COVENANTS

         Without limiting the generality of clause 2, the Employee shall not
         without the prior written consent of the Company or any Relevant Group
         Member do any of the following during the Term:

         (a)      directly or indirectly be concerned or interested whether as
                  principal, agent, partner, shareholder, director, employee or
                  otherwise in any firm, corporation or entity involving the
                  conduct of, or preparation for, any business in competition
                  with, or of a similar nature to, any business for the time
                  being carried on by the Company or any Group Member;

         (b)      disclose or use any confidential information of any kind
                  including, without limitation, any formula, process, method of
                  manufacture, trade secret, record, data or any information
                  concerning the business, affairs or customers of the Group
                  which may come to his knowledge, except:

                  (i)      disclosure or use in the proper course of the
                           Employee's duties;

                  (ii)     for information which is freely available to the
                           public; or

                  (iii)    to the extent the Employee is required to disclose
                           information by law or requirement of any regulatory
                           body;

         (c)      undertake any other business or profession.

4.2      CONFIDENTIAL INFORMATION

         (a)      The Employee shall not use any Confidential Information for
                  the benefit of any person except the Group.

         (b)      If there is uncertainty as to whether:

                  (i)      any information is Confidential Information; or

                  (ii)     any Confidential Information is lawfully able to be
                           disclosed under clause 4.1,

                  that information shall be taken to be Confidential Information
                  which is not able to be disclosed, unless the Employee is
                  advised by the Company in writing to the contrary.

         (c)      The Employee shall:

                  (i)      maintain proper and secure custody of all
                           Confidential Information; and

                  (ii)     use his best endeavours to prevent the use or
                           disclosure of the Confidential Information by third
                           parties.

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EXECUTIVE EMPLOYMENT AGREEMENT                             ALLEN ALLEN & HEMSLEY
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         (d)      The Employee shall immediately deliver to the Company all
                  Confidential Information that is physically capable of
                  delivery:

                  (i)      at the end of the Term; and

                  (ii)     at any time at the request of a person authorised by
                           the Company.

         (e)      Instead of delivering Confidential Information, the Company
                  may request the Employee to destroy Confidential Information
                  and certify in writing to the Company that the Confidential
                  Information has been destroyed.

         (f)      The Company may direct that Confidential Information contained
                  in computer software or data be destroyed by erasing it from
                  the magnetic media on which it is stored so that the
                  information cannot be recovered or reconstructed.

         (g)      The Employee must not make any copy or summary of any
                  Confidential Information, except if required to do so in the
                  course of his employment. If the Executive is required to make
                  a copy or summary of Confidential Information in the course of
                  his Employment, the copy or summary belongs to the Company.

         (h)      The Employee shall comply with the obligations under this
                  clause 4.2 at all times during and after the Term. Any Group
                  Member may enforce these obligations at any time.

         (i)      Nothing in this clause 4 shall limit any other duty of
                  confidentiality of the Employee at law or in equity.

4.3      IMPROVEMENTS

         The Employee acknowledges that all Improvements shall be the exclusive
         property of the Company or the Group and the Employee shall:

         (a)      promptly disclose to the Company any Improvements developed by
                  the Employee or known by the Employee to have been developed
                  by any other employee of the Group in the course of their
                  employment; and

         (b)      immediately take any reasonable action necessary to transfer
                  to the Company the Employee's and such other employee's
                  interest in any Improvements.

         (c)      The Executive shall not prior to the transfer of any rights to
                  any Improvements pursuant to this clause 4.3 take any action
                  which would in any way abrogate, Encumber, restrict or
                  transfer the interest in the Improvements.

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EXECUTIVE EMPLOYMENT AGREEMENT                             ALLEN ALLEN & HEMSLEY
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5.       CONDITIONS OF EMPLOYMENT
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5.1      SALARY

         Until this Agreement is terminated, the Company shall pay the Employee
         a Base Salary of US$150,000 per annum payable, exclusive of
         superannuation, by equal monthly instalments.

5.2      REVIEW

         (a)      The Company shall undertake an annual review of the Base
                  Salary payable to the Employee.

         (b)      The first review shall occur one year from the Operative Date.
                  The adjustment to the Base Salary, if any, shall take effect
                  on the first day of the calendar month immediately following
                  the anniversary of the Operative Date.

5.3      SICK LEAVE

         The Employee shall be entitled to 5 days sick leave in any full year
         during his employment on full salary. Sick leave not taken during the
         year is automatically forfeited at the expiration of the year.

5.4      ANNUAL LEAVE

         The Employee shall be entitled to 20 days annual leave in any full year
         during his employment on full salary.

5.5      SUPERANNUATION

         The Company shall pay any superannuation contribution required to be
         paid to comply with its obligations under the Superannuation
         Administration Act 1992.

5.6      TRAVEL AND EXPENSES

         The Company or any Relevant Group Member shall reimburse the Employee
         for all travelling and other out of pocket expenses properly incurred
         by the Employee in or about its business. Those expenses must be
         evidenced in the manner that the Company or any Relevant Group Member
         reasonably requires.

5.7      BENEFIT PLANS

         The Employee shall be entitled to participate in such plans as the
         Company shall, in its sole discretion, from time to time establish for
         the benefit of its employees.

         The plan which is currently in operation is set out in Schedule 1.

5.8      STOCK OPTIONS

         (a)      From the date of this Agreement, the Employee shall be
                  entitled to receive 40,000 Adaytum stock options which shall:

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EXECUTIVE EMPLOYMENT AGREEMENT                             ALLEN ALLEN & HEMSLEY
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                  (i)      vest over a 4 year period;

                  (ii)     have a 10 year term;

                  (iii)    have an exercise price equal to market value as
                           determined by Adaytum Board on the date of the grant
                           of the options; and

                  (iv)     be subject to the terms and conditions of the Adaytum
                           Stock Option Plan.

         (b)      Except for termination under clause 6.11, if this Agreement is
                  terminated for any reason, the Employee shall forfeit his
                  entitlement to any Adaytum stock options which have not been
                  vested at the time of the termination, or if this Agreement is
                  terminated by the giving of notice, on the date that the
                  notice is given.

5.9      MAINTAIN INSURANCE

         (a)      The Company agrees to maintain a contract of insurance from an
                  established and reputable insurer, which insures the Company
                  against all liabilities incurred by the Employee as a
                  director, provided that the liability does not arise out of
                  conduct involving a wilful breach of duty to the Company or a
                  contravention of the Corporations Law.

         (b)      Unless the Company agrees otherwise, the insurance contract
                  referred to in paragraph 5.9(a) will contain a provision
                  waiving all rights of subrogation or action against the
                  Company.

         (c)      The Company will use its best endeavours to ensure that it
                  does not do anything which will render void any insurance
                  policy maintained under clause 5.9(a).

6.       TERMINATION
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6.1      TERMINATION BY THE COMPANY WHERE BREACH BY THE EMPLOYEE

         The Company may immediately terminate this Agreement and the Employee's
         employment by notice to the Employee in writing if the Employee at any
         time:

         (a)      commits any serious or persistent breach of this Agreement
                  which is not capable of remedy including, without limitation,
                  intentional disobedience, dishonesty, serious or persistent
                  breach of duty or serious or persistent neglect;

         (b)      materially breaches this Agreement and does not remedy that
                  breach within two days after receiving notice from the Company
                  specifying the breach;

         (c)      is declared bankrupt or enters into any composition or
                  arrangement with or makes any assignment of his property in
                  favour of his creditors generally;

         (d)      becomes of unsound mind or a person whose person or estate is
                  liable to be dealt with in any way under laws relating to
                  mental health;

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EXECUTIVE EMPLOYMENT AGREEMENT                             ALLEN ALLEN & HEMSLEY
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         (e)      is convicted of a criminal offence which, in the reasonable
                  opinion of the Company, will detrimentally affect any Group
                  Member; or

         (f)      has conducted himself in a manner which, in the reasonable
                  opinion of the Company, will detrimentally affect any Group
                  Member.

6.2      PAYMENT ON TERMINATION

         If the Employee's employment is terminated under clause 5.1, the
         Company shall not be obliged to pay the Employee any moneys other than
         the following:

         (a)      any accrued Base Salary to which the Employee is entitled to
                  on the Termination Date;

         (b)      a pro rata amount of any bonus payment to which the Employee
                  is entitled to under the bonus component of any applicable
                  benefit plan;

         (c)      any contributions to the Superannuation Fund due as at the
                  Termination Date;

         (d)      any amount to which the Employee is entitled in lieu of unused
                  annual leave; and

         (e)      any amount to which the Employee is entitled under the Long
                  Service Leave Act 1955 (NSW).

6.3      GENERAL TERMINATION

         (a)      The Company may at any time and for any reason terminate the
                  Employee's employment by giving 6 months' notice to the
                  Employee and by paying to the Employee on the date on which
                  that notice period expires the payments specified in clause
                  5.2.

         (b)      The Employee may at any time and for any reason terminate this
                  Agreement by giving one month's notice to the Company. On the
                  date that the notice expires the Company must pay to the
                  Employee the payments specified in clauses 6.2(a),(c),(d) and
                  (e) only.

6.4      PAYMENT IN LIEU OF NOTICE

         The Company may at its discretion pay the Employee the payment
         specified in clause 6.2 in lieu of any notice period relating to the
         termination of the Employee's employment under this Agreement.

6.5      NO CLAIM FOR COMPENSATION

         (a)      If this Agreement is terminated by the Company under clause
                  5.3, the Employee will not be entitled to claim any amounts by
                  way of retirement allowance or liquidated damages or any other
                  payments as a consequence of termination except for the
                  payments set out in clause 5.2.

         (b)      Any payment by the Company under this clause 5 shall be
                  without prejudice to any rights or remedies the Company may
                  have against the Employee and shall not constitute any
                  admission of fact or liability.

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EXECUTIVE EMPLOYMENT AGREEMENT                             ALLEN ALLEN & HEMSLEY
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6.6     TRANSFER OF SUPERANNUATION

         After termination of this Agreement, subject to the terms of the trust
         deed and rules of the Superannuation Fund, the Company shall ensure
         that the trustee of the Superannuation Fund transfers the Employee's
         entitlements under the Superannuation Fund to another superannuation
         fund nominated by the Employee or deals with them otherwise in
         accordance with relevant legislation.

6.7      SURVIVAL OF EMPLOYEE'S OBLIGATIONS ON TERMINATION

         Clauses 5.8, 5.9 and 6 survive the termination of this Agreement.

6.8      RETURN OF COMPANY PROPERTY

         On termination of this Agreement, the Employee shall immediately
         deliver to the Company all books, documents, papers, materials, credit
         cards, motor vehicles and other property of the Group which may then be
         in the Employee's possession or under his power or control.

6.9      RESIGNATION AS DIRECTOR

         (a)      If the Employee is a director or secretary of any Group
                  Member, he shall resign from that position, on the termination
                  of his employment if required to do so by the Company.

         (b)      If the Employee fails to resign from any office in accordance
                  with clause 6.9(a), the Company is irrevocably authorised by
                  him to appoint a person in his place and on his behalf to sign
                  any documents and do anything required to give effect to that
                  resignation. The Employee must on the request of the Company
                  ratify and confirm anything done by the Company pursuant to
                  the power conferred by this clause 6.9.

6.10     SUSPENSION OF EMPLOYEE

         The Company may suspend the Employee on full pay for any period if the
         Company considers it in the best interests of the Company to do so.

6.11     TERMINATION IN THE EVENT OF DISABILITY

         (a)      If the Employee has a mental or physical condition that
                  renders him unable to perform the essential functions of his
                  job for 90 or more days within any 180 day period this
                  Agreement shall terminate.

         (b)      In the event or termination under clause 6.11(a) the Adaytum
                  Stock Option Plan and any applicable benefit plan shall
                  continue to operate after the disability.

6.12     TERMINATION IN THE EVENT OF CHANGE IN CONTROL OF THE COMPANY

         In the event of change in control of the Company, being a sale of more
         than 50% of the shares in the Company, the Employee may elect to
         terminate this Agreement, within three months of the date of the change
         in control, and on

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EXECUTIVE EMPLOYMENT AGREEMENT                             ALLEN ALLEN & HEMSLEY
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         termination for a change in control the Employee shall be entitled to
         receive 12 months base salary and any benefits under the applicable
         benefit plan in force at that time.

7.       OBLIGATIONS OF EMPLOYEE AFTER EMPLOYMENT CEASES
--------------------------------------------------------------------------------

7.1      CONFIDENTIALITY

         The provisions of clause 4 will continue to apply after the Term with
         respect to Confidential Information.

7.2      NON SOLICITATION

         For 12 months after the Term, the Employee shall not either on his own
         account or for any person, solicit or entice or endeavour to solicit or
         entice from any Group Member:

         (a)      any director, manager, officer, employee, servant or
                  contractor of or to any Group Member (whether or not such
                  person would commit a breach of any contract by reason of
                  ceasing to serve or act for the any Group Member); or

         (b)      the custom of any person who has during the Term been a
                  customer, supplier, distributor or licensee of the Company or
                  a Group Member.

7.3      REMEDIES

         The Employee acknowledges that the remedy at law for breach of clauses
         4.1, 6.1 and 7.2 would be inadequate and that temporary and permanent
         relief by way of injunction against him may be granted in any
         proceedings which the Company or any Relevant Group Member or any
         persons on its behalf may bring to enforce any of the provisions of
         those clauses without the necessity of proof of actual damage suffered
         by the Company or any Relevant Group Member as the case may be.

7.4      PROTECTION OF GOODWILL

         The Employee acknowledges that having regard to his duties with the
         Group, his undertakings in clauses 4.1, 6.1, 6.3 and 7.3 are reasonable
         and necessary for the protection of the goodwill of the Group.

8.       MISCELLANEOUS
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8.1      SET-OFF

         On termination of his employment, the Employee authorises each Relevant
         Group Member to set-off against and deduct from all or any amounts
         payable to the Employee, any amount owing by the Employee to the
         Company on any account.

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EXECUTIVE EMPLOYMENT AGREEMENT                             ALLEN ALLEN & HEMSLEY
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8.2     GOVERNING LAW

         This Agreement is governed by the laws of New South Wales. The parties
         submit to the non-exclusive jurisdiction of courts exercising
         jurisdiction there.

8.3      NO WAIVER

         No failure to exercise and no delay in exercising any right, power or
         remedy under this Agreement will operate as a waiver. Nor will any
         single or partial exercise of any right, power or remedy preclude any
         other or further exercise of that or any other right, power or remedy.

8.4      NOTICES

         Any notice required to be given under this Agreement by any party to
         another shall be in writing addressed to the intended recipient at the
         address last notified by the intended recipient to the party giving the
         notice.

8.5      SEVERANCE

         Any provision of this Agreement which is prohibited or unenforceable in
         any jurisdiction will be ineffective in that jurisdiction to the extent
         of the prohibition or unenforceability. That will not invalidate the
         remaining provisions of this Agreement nor affect the validity or
         enforceability of that provision in any other jurisdiction.

8.6      ASSIGNMENT

         The rights and obligations of each party under this Agreement are
         personal. They cannot be assigned, charged or otherwise dealt with and
         no party shall attempt or purport to do so, without the prior written
         consent of the parties.

8.7      AMENDMENT

         This Agreement may be amended only by a further Agreement executed by
         both parties.

8.8      ENTIRE AGREEMENT

         This Agreement contains the entire agreement of the parties with
         respect to its subject matter. It sets out the only conduct relied on
         by the parties and supersedes all earlier conduct by the parties with
         respect to its subject matter.

8.9      COUNTERPARTS

         This Agreement may be executed in any number of counterparts. All
         counterparts taken together will be taken to constitute one agreement.

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EXECUTIVE EMPLOYMENT AGREEMENT                             ALLEN ALLEN & HEMSLEY
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EXECUTED in Sydney as an agreement.

EXECUTED by BUSINESS                      )
BUDGET MANAGEMENT                         )
SOLUTIONS                                 )
PTY LIMITED
in the presence of:                       )

/S/  M.F. Giles Haddleton                    /S/  M.F. Giles Haddleton
------------------------------------------   -----------------------------------
Signature                                    Signature

M.F. Giles Haddleton                         M.F. Giles Haddleton
------------------------------------------   -----------------------------------
Print name                                   Print name

                                             Director and Secretary
                                             -----------------------------------
                                             Office held

EXECUTED by ADAYTUM                       )
SOFTWARE, INC.                            )
in the presence of:                       )

/S/  Elizabeth A. Fortier                    /S/  Michael H. Mehr
------------------------------------------   -----------------------------------
Signature                                    Signature

Elizabeth A. Fortier                         Michael H. Mehr
------------------------------------------   -----------------------------------
Print name                                   Print name

                                             VP - Finance and Administration
                                             -----------------------------------
                                             Office held

SIGNED by MICHAEL FRANCIS                 )
GILES HADDLETON                           )
in the presence of:                       )  /S/ M. F. Giles Haddleton
                                             -----------------------------------
                                             Signature

/S/  Ashley Cahif
------------------------------------------
Witness

Ashley Cahif
------------------------------------------
Print Name

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EXECUTIVE EMPLOYMENT AGREEMENT                             ALLEN ALLEN & HEMSLEY
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SCHEDULE 1

BENEFIT PLAN
--------------------------------------------------------------------------------

The Company offers the following benefit plan as at February 2000:

         (a)      Car

                  The Company shall provide the Employee with a BMW 5 series or
                  equivalent car;

         (b)      Medical insurance

                  The Company shall provide the Employee with family medical
                  insurance; and

         (c)      Bonus scheme

                  The target earnings for the Company are US$190,000.

                  A bonus of US$10,000 per quarter will be paid, quarterly in
                  arrears, which will be varied in accordance with the
                  realisation of the target earnings for the following areas in
                  the proportions set out below:

                  Asia-Pacific revenue vs target              40% of bonus
                  Australian revenue vs target                40% of bonus
                  Recruitment vs target                       20% of bonus,

         For the avoidance of doubt, the Company may at any time vary, in its
         absolute discretion, any of the benefits under the benefit plan.

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                                                                         Page 14<PAGE>

March 11, 1998

STRICTLY PRIVATE AND CONFIDENTIAL
Mr. Michael H. Mehr
1293 Berry Bridge Road
Eagan MN 55123

Dear Michael

I have pleasure inviting you to join Adaytum Software in the position of
Controller, subject to a service agreement to be made available shortly.

Your annual salary will commence at $110,000, payable bi-monthly, and will be
subject to review annually on January I, 1999. You will also have the
opportunity to earn a maximum bonus of $10,000, which will be tied to objectives
to be agreed by May 30th. As part of the senior Executive team, you will be
eligible to participate in the share option scheme. Your vacation entitlement is
twenty-five days per calendar year and is pro rata accordingly. This entitlement
is reduced by any sick days taken during the year.

Please return to us a letter confirming your acceptance of this offer
(attached). Full details of our employee benefits will be made available you in
the first week of your employment. Any questions relating to this letter or
benefits can a directed to me.

Finally, may I say I am delighted that you will be joining us and we look
forward to seeing you on Monday April 13, 1998.

Yours sincerely

/s/ J. D. Guy Haddleton
----------------------------
Guy Haddleton
Chief Executive Officer

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