Document:

SECOND AMENDMENT TO
                             STOCK PURCHASE AGREEMENT

     THIS SECOND AMENDMENT TO STOCK PURCHASE AGREEMENT ("SECOND AMENDMENT")
is executed this 18th day of March, 1988, by and among KANSAS CITY SOUTHERN
INDUSTRIES, INC., a Delaware corporation ("KCSI"), THOMAS H. BAILEY, MICHAEL
STOLPER, and JACK R. THOMPSON, individually.

                                   RECITALS:

     A.	The undersigned (with the addition of WILLIAM C. MANGUS and
BERNARD E. NIEDERMEYER III) are all parties to that certain Stock Purchase
Agreement, dated April 13, 1984, as amended by that certain First Amendment
to Stock Purchase Agreement, dated January 4, 1985 (the "STOCK PURCHASE
AGREEMENT");

     B.	The parties now desire to amend the Stock Purchase Agreement, as
provided for herein in order to more clearly set forth their respective
rights, duties, and obligations; and

     C.	The parties desire to set forth such amendments in writing.

     NOW, THEREFORE, in consideration of the mutual promises and covenants
herein set forth, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree to hereby
amend the Stock Purchase Agreement as follows:

     1.	The parties hereby consent and agree to the deletion of Paragraph
9.07 from Article IX of the Stock Purchase Agreement, and the addition of the
following Paragraph 9.07 to Article IX of the Stock Purchase Agreement in
full substitution therefor:

                 9.07.  If Thomas H. Bailey desires to sell or
            otherwise dispose of his remaining JCC Shares, he
            shall notify KCSI of such desire, stating the number
            of Shares he desires to sell and he shall thereupon
            be obligated to sell and KCSI shall be obligated to
            purchase the specified Shares at a price equal to the
            greater of:

                      (a)  15 times the Net After-Tax Earnings per
                 Share of JCC for the fiscal year ended December 31,
                 1987; or

                      (b)  15 times the Net After-Tax Earnings per
                 Share of JCC for the fiscal year ended immediately
                 prior to the date of such notice.

     2.  The parties hereby consent and agree to the deletion of Paragraph
9.09 from Article IX of the Stock Purchase Agreement and the addition of the
following Paragraph 9.09 to Article IX of the Stock Purchase Agreement in
full substitution therefor:

                  9.09.  If Michael Stolper dies, or become
             disabled, or if Thomas H. Bailey disposes of all of
             his JCC Shares, or if his employment by JCC is
             terminated for any reason, Michael Stolper and Jack
             R. Thompson shall thereupon be obligated to sell, and
             KCSI shall be obligated to purchase all of the JCC
             Shares owned by Michael Stolper and Jack R. Thompson
             at a price equal to the greater of:

                       (a)  15 times the Net After-Tax Earnings per
                  Share of JCC for the fiscal year ended December 31,
                  1987; or

                       (b)  15 times the Net After-Tax Earnings per
                  Share of JCC for the fiscal year ended immediately
                  prior to the date of such death, disability,
                  disposition or termination.

     3.  The parties hereby consent and agree to delete the word "Adverse"
from the caption of Article X of the Stock Purchase Agreement, and hereby
further consent and agree to the deletion of Paragraph 10.01 from Article X
of the Stock Purchase Agreement and the addition of the following Paragraph
10.01 to Article X of the Stock Purchase Agreement in full substitution
therefor:

                   10.01.  If there is a Change in Ownership of KCSI (as
              hereinafter defined), the Remaining Shareholders of JCC, other
              than KCSI, shall have the option in the manner provided in this
              Article X either:

                         (a)  to purchase from KCSI all JCC Shares
                   acquired by KCSI; or

                         (b)  to require KCSI to purchase from them all
                   the JCC Shares still owned by them, provided the
                   condition precedent contained in Paragraph 8.10 of
                   this Agreement shall be met or waived by KCSI prior
                   to such purchase.

     4. The parties hereby consent and agree to the deletion of Paragraph
10.02 from Article X of the Stock Purchase Agreement and the addition of the
following Paragraph 10.02 to Article X of the Stock Purchase Agreement in
full substitution therefor:

                    10.02.  Any sale of JCC Shares which occurs pursuant to
               this Article X shall be at a price per Share equal to:

                         (a)  15 times the Net After-Tax Earnings per
                    Share of JCC for the fiscal year ending immediately
                    after the Change in Ownership giving rise to such
                    sale; or

                         (b)  as otherwise negotiated between the
                    parties.

     5.  The parties hereby consent and agree to the deletion of Paragraph
10.06 from Article X of the Stock Purchase Agreement and the addition of the
following Paragraph 10.06 to Article X of the Stock Purchase Agreement in
full substitution therefor:

                     10.06.  For purposes of this Article X and elsewhere in
                this Agreement, the term "CHANGE IN OWNERSHIP" shall mean the
                earlier to occur of the following:

                          (a)  less than 75% of the members of the Board
                     of Directors of KCSI shall be individuals who were
                     members of the Board on the date of this Amendment or
                     individuals whose election, or nomination for
                     election by KCSI's stockholders, was approved by a
                     vote of at least 75% of the members of the Board then
                     still in office who were members of the Board on the
                     date of this Amendment; or

                          (b)  any "person" (as such term is used in
                     Sections 13(d) and 14(d)(2) of the Securities
                     Exchange Act of 1934 (the "EXCHANGE ACT")) shall have
                     become, without the prior approval of at least 75% of
                     the members of the Board of Directors of KCSI then
                     still in office who were members of such Board on the
                     date of this Amendment, the "beneficial owner" (as
                     defined in Rule 13d-3 under the Exchange Act) of
                     securities of KCSI representing 25% or more
                     (calculated in accordance with Rule 13d-3) of the
                     combined voting power of KCSI's then outstanding
                     voting securities, and such person shall have filed a
                     proxy statement, or tender offer materials, or any
                     other statement or schedule with the Securities
                     Exchange Commission, indicating an intention to
                     acquire control of KCSI.

     6.  The parties hereby consent and agree to the addition of the
following Paragraph 12.02 to Article XII of the Stock Purchase Agreement.

                      12.02.  Notwithstanding anything to the contrary in
                Paragraph 12.01 of this Agreement, in the event that the
                Shareholders of JCC, other than KCSI, exercise any provision of
                this Agreement whereunder such persons' JCC Shares are acquired
                by JCC or KCSI, KCSI shall cause JCC to distribute dividends to
                the Shareholders of JCC, other than KCSI, in accordance with
                Paragraph 12.01 of this Agreement, prorated to the date of the
                acquisition of such persons' JCC's Shares (using the prior
                year's dividend rate).

     7.  The parties hereby consent and agree to the deletion of Article
XIV from the Stock Purchase Agreement and the addition of the following
Article XIV to the Stock Purchase Agreement in full substitution therefor:

                                   ARTICLE XIV

                          COMPENSATION UPON TERMINATION

               14.01.  The parties hereto agree that if the employment by
          JCC of those persons listed in Paragraph 14.02, or any of them,
          is terminated for any reason, such terminated employee shall
          receive from JCC and/or by KCSI (KCSI hereby guaranteeing any
          obligation of JCC) a payment equal to the amounts as set forth in
          Paragraph 14.02 as of the date he received notice of his
          termination.  Such payment shall be made in a lump sum not later
          than thirty (30) days after his receipt of notice of termination.

               14.02.  If any person listed in this Paragraph 14.02 is
          terminated as provided in Paragraph 14.01, he shall be
          compensated as follows:

                           (a)  if Thomas H. Bailey, Thomas F. Marsico,
                      James P. Craig, III, Jack R. Thompson, or Michael E.
                      McGoldrick is such terminated employee, he shall
                      receive payment equal to 100% of his prior year's
                      current and deferred compensation, including salary,
                      bonuses and profit sharing contributions.

                           (b)  if Susan R. Hughes or Kathleen A. Burns
                      is such terminated employee, she shall receive
                      payment equal to 50% of her prior year's current and
                      deferred compensation, including salary, bonuses and
                      profit sharing contributions.

                           (c)  if Warren B. Lammert or Helen Y. Hayes is
                      such terminated employee, he or she shall receive
                      payment equal to 25% of his or her prior year's
                      current and deferred compensation, including salary,
                      bonuses and profit sharing contributions.

                      14.03.  Notwithstanding Paragraphs 14.01 and 14.02, the
                 payments provided for in such Paragraphs 14.01 and 14.02 shall
                 only be made on the event of the following:

                           (a)  a Change in Ownership;

                           (b)  termination occurs within one (1) year
                      from the date of the Change in Ownership; and

                           (c)  Thomas H. Bailey does not terminate such
                      person.

               14.04.  The Covenant of Non-Solicitation dated June 14,
         1984, executed by Thomas H. Bailey, attached hereto as Exhibit A,
         shall remain in full force and effect in accordance with its
         terms, except that the provison in the second paragraph thereof
         shall be deleted, as noted in Exhibit A.

     8.  The parties hereby consent and agree to the addition of the
following Paragraphs 18.10 and 18.11 to Article XVIII of the Stock Purchase
Agreement:

             18.10.  On or before the 10th day following any Change of
       Ownership (as defined in Paragraph 10.06 of the Agreement), KCSI
       shall deliver to Thomas H. Bailey as representative of the
       Remaining Shareholders of JCC, other than KCSI, a clean
       irrevocable Letter of Credit (in form and substance acceptable to
       Thomas H. Bailey) drawn on a financial institution acceptable to
       Thomas H. Bailey in the amount of 110% of the greatest of the
       total amounts which would be due under this Agreement to Thomas
       H. Bailey, any employee of JCC, and/or the Remaining Shareholders
       of JCC, other than KCSI, if the provisions of this Agreement were
       exercised by such persons, as applicable, in order to secure
       payment to such persons under the applicable provisions of this
       Agreement. Such Letter of Credit shall be maintained by KCSI at
       its sole cost and expense for a period ending on the earlier to
       occur of the following:

                            (a)  the date that is one (1) year from the
                       date such Letter of Credit is delivered to Thomas H.
                       Bailey and is accepted by him in writing, which
                       acceptance will not be unreasonably withheld;

                            (b)  the date that such Letter of Credit is
                       drawn; or

                            (c)  the date that all payments due to Thomas
                       H. Bailey, those employees of JCC entitled to
                       payments, and all Remaining Shareholders of JCC,
                       other than KCSI, have been made in full under any
                       applicable provisions of this Agreement.

                  18.11.  In the event that the Letter of Credit provided for
             in Paragraph 18.10 of this Agreement is not timely delivered, and
             subsequently KCSI defaults in its obligations to Thomas H.
             Bailey, employees of JCC entitled to payments  under this
             Agreement, and the Remaining Shareholders of JCC, other than
             KCSI, or any of them, KCSI shall be liable for and shall pay to
             such persons as liquidated damages an amount equal to two (2)
             times the amount determined to be owing to such persons under the
             applicable provisions of this Agreement. The  parties hereby
             acknowledge that in the event of such default by KCSI, Thomas  H.
             Bailey, the employees of JCC, and the remaining Shareholders of
             JCC, other  than KCSI, will suffer substantial damages, the
             amount of which cannot be reasonably ascertained. Therefore, the
             parties agree that the amount of liquidated damages set forth
             above is fair and equitable.

     9.  Except as expressly amended herein, the Stock Purchase Agreement
shall remain in full force and effect.

     10.  If any conflict shall arise between the terms and conditions of
this Second Amendment and the terms and conditions of the Stock Purchase
Agreement, this Second Amendment shall govern with respect to the matters
described herein.

     IN WITNESS WHEREOF, the parties have executed this Second Amendment on
the date and year first above written.

                                    "KCSI"

                                     KANSAS CITY SOUTHERN INDUSTRIES, INC.,
                                     a Delaware corporation

                                       By: /s/ Landon H. Rowland
                                       -----------------------------------
                                       LANDON H. ROWLAND, PRESIDENT

                                       /s/ Thomas H. Bailey
                                       -----------------------------------
                                       THOMAS H. BAILEY

                                      /s/ Bernard E. Niedermeyer III
                                      -----------------------------------
                                      BERNARD E. NIEDERMEYER III

                                      /s/ Michael Stolper
                                      -----------------------------------
                                      MICHAEL STOLPER

                                     /s/ Jack R. Thompson
                                     -----------------------------------
                                     JACK R. THOMPSONTHIRD AMENDMENT TO STOCK PURCHASE AGREEMENT

     This Third Amendment to Stock Purchase Agreement ("Third Amendment") is
executed this 5th day of February 1990, by and among Kansas City Southern
Industries, Inc., a Delaware corporation ("KCSI"), Thomas H. Bailey, Michael
Stolper and Jack R. Thompson, individually.

RECITALS:

     A.  The undersigned (with the addition of William C. Mangus and
Bernard E. Niedermeyer III) are all parties to that certain Stock Purchase
Agreement, dated April 13, 1984, as amended by that certain First Amendment
to Stock Purchase Agreement, dated January 4, 1985 and that certain Second
Amendment to Stock Purchase Agreement, dated March 18, 1988 (the "Stock
Purchase Agreement");

     B.  The parties now desire to amend further the Stock Purchase
Agreement, as provided for herein in order to more clearly set forth their
respective rights, duties and obligations.

     NOW, THEREFORE, in consideration of the mutual covenants herein set
forth, and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties agree to hereby amend the Stock
Purchase Agreement as follows:

     1.  The parties hereby consent and agree to the deletion of Paragraph
9.15 from Article IX of the Stock Purchase Agreement, and the addition of the
following paragraph 9.15 to Article IX of the Stock Purchase Agreement in
full substitution therefor:

                9.15  If KCSI determines to sell all of its shares of JCC for
       cash, stock or other consideration, the then owners of the JCC Shares
       not owned by KCSI shall at KCSI's request, sell their shares of JCC to
       KCSI or to KCSI's designee at the price which shall be the greater of
       the following:

                   (a)  $1.6373 per share; or

                   (b)  Fifteen times the Net After-Tax Earnings per Share of
             JCC for the fiscal year ended December 31, 1987; or

                   (c)  Fifteen times the Net After-Tax Earnings per Share of
             JCC for the fiscal year ended immediately prior to the date of
             such sale; or

                   (d)  The per share consideration to be received by KCSI in
             such transaction.

                Such sale shall occur at such time and place and in such manner
as KCSI shall reasonably request.

     2.  Except as expressly amended herein, the Stock Purchase Agreement
shall remain in full force and effect.

     3.  If any conflict shall arise between the terms and conditions of
this Third Amendment and the terms and conditions of the Stock Purchase
Agreement, this Third Amendment shall govern with respect to the matters
described herein.

     IN WITNESS  WHEREOF, the parties have executed this Third Amendment on
the date first above written.

                                      KANSAS CITY SOUTHERN INDUSTRIES, INC.,
                                      a Delaware corporation

                                      By:  /s/ Landon H. Rowland
                                         --------------------------------
                                         LANDON H. ROWLAND, PRESIDENT

                                         /s/ Thomas H. Bailey
                                         -----------------------------------
                                         THOMAS H. BAILEY

                                        /s/ Michael Stolper
                                        -----------------------------------
                                        MICHAEL STOLPER

                                        /s/ Jack R. Thompson
                                        -----------------------------------
                                        JACK R. THOMPSON

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