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                                                                   EXHIBIT 10.70

                        FIDELITY NATIONAL FINANCIAL, INC.
                          EMPLOYEE STOCK PURCHASE PLAN

                  AS AMENDED AND RESTATED AS OF APRIL 24, 2001

     Fidelity National Financial, Inc. (the "Company") originally adopted the
1987 Employee Stock Purchase Plan (the "Plan") in 1987. The Plan was amended on
February 28, 1994 and is hereby amended and restated in its entirety to be
effective on the Effective Date.

                                    ARTICLE I
                               PURPOSE OF THE PLAN

     1.1 PURPOSE. The Company has determined that it is in its best interests to
provide an incentive to attract and retain employees and to increase employee
morale by providing a program through which employees may acquire a proprietary
interest in the Company through the purchase of shares of the common stock of
the Company ("Company Stock") and its subsidiary corporations. The Plan is
hereby amended and restated by the Company to permit employees to subscribe for
and purchase directly from the Company shares of the Company Stock, and to pay
the purchase price in installments by payroll deductions. Participation in the
Plan is entirely voluntary and the Company makes no recommendations to its
employees as to whether they should participate in the Plan. The Plan is not
intended to be an employee benefit plan under the Employee Retirement Income
Security Act of 1974, and therefore is not required to comply with that Act.

                                   ARTICLE II
                                   DEFINITIONS

     2.1 BASE EARNINGS. "Base Earnings" means the amount of a Participant's
regular salary before deductions required by law and deductions authorized by
the Participant, including any elective deferrals with respect to a plan of the
Company qualified under either Section 125 or Section 401(a) of the Internal
Revenue Code of 1986, issued to an employee by the Company and any amounts
deferred by the Participant to a nonqualified deferred compensation plan
sponsored by the Company. In the case of Participants primarily compensated on a
commission basis, "Base Earnings" may include commission earnings not to exceed
$7,500 per month. "Base Earnings" shall not include wages paid for overtime,
extended workweek schedules or any other form of extra compensation. "Base
Earnings" shall not include payments made by the Company based upon salary for
Social Security (FUTA), workmen's compensation, unemployment compensation,
disability payments or any other payment mandated by state or federal statute or
Company contributions made by the Company for insurance, annuity or any other
employee benefit plan.

     2.2 BOARD. "Board" means the Board of Directors for the Company.

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     2.3 BROKER. "Broker" means the financial institution designated by the
Company to act as Broker for the Plan under Article VIII below.

     2.4 BROKERAGE ACCOUNT. "Brokerage Account" means the bookkeeping entry
maintained by the Company for the purpose of accounting for the benefits accrued
by a Participant under the Plan.

     2.5 COMMITTEE. "Committee" means the Committee described in Article VIII.

     2.6 COMPANY. "Company" means Fidelity National Financial, Inc., a Delaware
corporation and any affiliated Company who adopts this Plan with the approval of
the Board of Directors of the Company.

     2.7 COMPANY STOCK. "Company Stock" means the common stock of the Company.

     2.8 EMPLOYEE. "Employee" means each person currently employed by the
Company or any of its operating subsidiaries who average at least twenty hours
per week and have been employed continuously during the last ninety days, any
portion of whose income is subject to withholding of income tax or for whom
Social Security retirement contributions are made by the Company and any person
qualifying as a common law employee of the Company. Persons determined by the
Board to be non-employees and Employees on leave of absence are not eligible to
become Participants in the Plan.

     2.9 EFFECTIVE DATE. "Effective Date" means January 1, 2000.

     2.10 PARTICIPANT. "Participant" means an Employee who has satisfied the
eligibility requirements of Section 3.1 and has become a participant in the Plan
in accordance with Section 3.2.

     2.11 PAYROLL PERIOD. "Payroll Period" means the approximately two week pay
periods coinciding with the Company's payroll practices, as revised from time to
time.

     2.12 PLAN YEAR. "Plan Year" means the twelve consecutive month period
ending on December 31.

     2.13 QUARTER. "Quarter" means the three consecutive calendar month periods
commencing January 1 through March 31, April 1 through June 30, July 1 through
September 30 and October 1 through December 31 each Plan Year.

     2.14 QUARTER END. "Quarter End" means the last day of each calendar quarter
(March 31, June 30, September 30 or December 31).

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                                   ARTICLE III
                          ELIGIBILITY AND PARTICIPATION

     3.1 ELIGIBILITY. Each Employee of the Company who is a Participant on the
Effective Date shall continue as a Participant in the Plan. All other Employees
of the Company may become a Participant in the Plan on the first day of the next
Payroll Period (to the extent practical under the Company's payroll practices)
following the delivery of the an Enrollment Form coincident with or next
following his completion of ninety days of employment with the Company.

     3.2 PARTICIPATION. An Employee who has satisfied the eligibility
requirements of Section 3.1 may become a Participant in the Plan upon his
completion and delivery to the Human Resources Department of the Company of an
enrollment form provided by the Company (the "Enrollment Form") authorizing
payroll deductions. Payroll deductions for a Participant shall commence on the
first day of the next Payroll Period coincident with or next following the
filing of the Participant's Enrollment Form and shall remain in effect until
revoked by the Participant by the filing of a notice of withdrawal from the Plan
under Article VII or by the filing of a new Enrollment Form providing for a
change in the Participant's payroll deduction rate under Section 4.2.

     3.3 SPECIAL RULES. In the event that a person is excluded from
participation in the Plan under Section 2.8 above and a court of competent
jurisdiction determines that that person or persons are eligible to participate
in the Plan, the person or persons shall be treated as an Employee only from the
date of the court's determination and shall not be entitled to retroactive
participation in the Plan.

                                   ARTICLE IV
                               PAYROLL DEDUCTIONS

     4.1 PARTICIPANT ELECTION. Upon the Enrollment Form, each Participant shall
designate the amount of payroll deductions ("Participant Contributions") to be
made from his paycheck to purchase Company Stock under the Plan. The amount of
Participant Contributions shall be designated in whole percentages of Base
Earnings, of at least 5% not to exceed 15% of Base Earnings for any Plan Year.
Commencing April 1, 2000, the amount of Participant Contributions may be at
least 3% not to exceed 15% of Base Earnings for any Plan Year. The amount so
designated upon the Enrollment Form shall be effective as of the next payroll
period and shall continue until terminated or altered in accordance with Section
4.2 below.

     4.2 CHANGES IN ELECTION. A Participant may terminate participation in the
Plan at any time prior to the close of a Payroll Period as provided in Article
VII. A Participant may

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decrease or increase the rate of Participant Contributions once each calendar
quarter by completing and delivering to the Human Resources Department of the
Company a new Enrollment Form setting forth the desired change. Any change under
this Section shall become effective on the first day of the next Payroll Period
(to the extent practical under the Company's payroll practices) following the
delivery of the new Enrollment Form.

     4.3 PARTICIPANT ACCOUNTS. The Company shall establish and maintain a
separate Brokerage Account for each Participant. The amount of each
Participant's Participant Contributions shall be credited to his Brokerage
Account. No interest will be paid or allowed on amounts credited to a
Participant's Brokerage Account. All Participant Contributions withheld by the
Company under the Plan are general corporate assets of the Company and may be
used by the Company for any corporate purpose. The Company is not obligated to
segregate such Participant Contributions.

                                    ARTICLE V
                              COMPANY CONTRIBUTIONS

     5.1 OFFICERS AND DIRECTORS. For each Officer or director of the Company who
is a Participant in the Plan and remains an Employee of the Company on each day
from each Quarter End until the anniversary of that Quarter End (the "Matching
Date"), the Company shall make a Matching Contribution to the Brokerage Account
of that Participant. The Matching Contribution shall be in an amount equal to
50% of the amount of Participant Contributions set aside into the Participant's
Brokerage Account for the Quarter ending on the applicable Quarter End. The
Matching Contribution shall be made as soon as is practical to the Broker
following the Matching Date. Withholding taxes, if any, shall be made upon such
Matching Contribution based upon the Participant's existing withholding
percentages or as otherwise required by law from the Participant's Base
Earnings. "Officer" means president, secretary, vice president, treasurer or
assistant vice president and shall be determined by the Committee as of any
Quarter End.

     5.2 OTHER PARTICIPANTS. For each Participant who the Committee determines
is not considered an Officer or director of the Company under Section 5.1 above,
who is a Participant in the Plan and remains an Employee of the Company on each
day from each Quarter End until the Matching Date, the Company shall make a
Matching Contribution to the Brokerage Account of that Participant. The Matching
Contribution shall be in an amount equal to one-third of the amount of
Participant Contributions set aside into the Participant's Brokerage Account for
the Quarter ending on the applicable Quarter End. The Matching Contribution
shall be made as soon as is practical to the Broker following the Matching Date.
Withholding taxes, if any, shall be made upon such Matching Contribution based
upon the Participant's existing withholding percentages or as otherwise required
by law from the Participant's Base Earnings.

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     5.3 TEN YEAR EMPLOYEES. Notwithstanding the provisions of Section 5.2
above, each Employee who is a Participant in the Plan and has completed at least
ten consecutive years of employment with the Company at the time any Matching
Contribution will be made, the Matching Contribution for such Participant under
Section 5.2 above shall be 50% of the amount of the Participant's Contributions
instead of one-third.

                                   ARTICLE VI
                                PURCHASE OF STOCK

     6.1 PURCHASE OF COMPANY STOCK. Absent an election by the Participant to
terminate and have his Brokerage Account returned, as soon as is practical
following the transfer of funds from the Company to the Broker following the
close of each Payroll Period or Quarter End for Matching Contributions, the Plan
shall purchase on behalf of each Participant the maximum number of shares and
partial shares of Company Stock at the purchase price determined under Section
6.4 as can be purchased with the amounts held in each Participant's Brokerage
Account. In the event that there are amounts held in a Participant's Brokerage
Account that are not used to purchase Company Stock, all such amounts shall be
held in the Participant's Brokerage Account and carried forward to the next
Payroll Period.

     6.2 DELIVERY OF COMPANY STOCK.

     (a) Company Stock acquired under the Plan may either be issued directly to
Participants or may be issued to the Broker engaged by the Company to administer
the Plan under Article VIII. If the Company Stock is issued in the name of the
Broker, all Company Stock so issued ("Plan Held Stock") shall be held in the
name of the Broker for the benefit of the Plan. The Broker shall maintain
Brokerage Accounts for the benefit of the Participants that shall reflect each
Participant's interest in the Plan Held Stock. Such accounts shall reflect the
number of whole and partial shares of Company Stock that are being held by the
Broker for the benefit of each Participant.

     (b) Any Participant may elect to have the Company Stock purchased under the
Plan from his Brokerage Account be issued directly to the Participant. Any
election under this paragraph shall be on the forms provided by the Company and
shall be issued in accordance with paragraph (c) below.

     (c) In the event that Company Stock under the Plan is issued directly to a
Participant, the Company will deliver to each Participant a stock certificate or
certificates issued in his name for the number of shares of Company Stock
purchased as soon as practicable after the Company Stock is purchased. Where
Company Stock is issued under this paragraph, only full shares of stock will be
issued to a Participant. The time of issuance and delivery of shares may be
postponed for such period as may be necessary to comply with

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the registration requirements under the Securities Act of 1933, as amended, the
listing requirements of any securities exchange on which the Company Stock may
then be listed, or the requirements under other laws or regulations applicable
to the issuance or sale of such shares.

     6.4 PURCHASE PRICE. The purchase price for any Offering Period shall be the
Fair Market Value of Company Stock on the Purchase Date.

     6.5 FAIR MARKET VALUE. "Fair Market Value" on any given date means the
value of one share of Company Stock, determined as follows:

     (a) If the Company Stock is then listed or admitted to trading on the
NASDAQ National Market System or a stock exchange which reports closing sale
prices, the Fair Market Value shall be the opening sale price on the date of
valuation on the NASDAQ National Market System or principal stock exchange on
which the Company Stock is then listed or admitted to trading, or, if no opening
sale price is quoted or no sale takes place on such day, then the Fair Market
Value shall be the opening sale price of the Company Stock on the NASDAQ
National Market System or such exchange on the next preceding day on which a
sale occurred.

     (b) If the Company Stock is not then listed or admitted to trading on the
NASDAQ National Market System or a stock exchange which reports closing sale
prices, the Fair Market Value shall be the average of the opening bid and asked
prices of the Company Stock in the over-the-counter market on the date of
valuation.

     (c) If neither (a) nor (b) is applicable as of the date of valuation, then
the Fair Market Value shall be determined by the Administrator in good faith
using any reasonable method of valuation, which determination shall be
conclusive and binding on all interested parties.

     6.6 FEES AND COMMISSIONS. The Company shall pay the Broker's administrative
charges for opening and maintaining the Brokerage Accounts for the Participants
and the brokerage commissions on purchases made for such Brokerage Accounts that
are attributable to the purchase of Company Stock with Participant Contributions
and Matching Contributions under the Plan. Such Brokerage Accounts may be
utilized for other transactions as described in Section 6.7 below, but any fees,
commissions or other charges by the Broker in connection with such transactions
shall, in certain circumstances described in Section 6.7, be payable directly to
the Broker by the Participant.

     6.7 PARTICIPANT ACCOUNTS WITH BROKER. Each Participant's Brokerage Account
shall be credited with all cash dividends paid with respect to full shares and
fractional shares of Company Stock purchased with Participant Contributions and
Matching Contributions,

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unless the Company Stock is registered in the Participant's name under Section
6.2 above. Unless directed otherwise, all cash dividends on Company Stock held
in a Participant's Brokerage Account shall automatically be reinvested Company
Stock as soon as is practical following receipt of the dividends by the Broker.
Applicable fees and brokerage commissions on the reinvestment of such dividends
will be payable by the Participant. Any stock dividends or stock splits that are
made with respect to Company Stock purchased with Participant Contributions and
Matching Contributions shall be credited to the Participant's Brokerage Account
without charge to the Participant. Any Participant may request that a
certificate for any or all of the full shares of Company Stock credited to his
Brokerage Account be delivered to him or her at any time, provided that the
Participant shall be charged by the Broker for any fees applicable to such
request. A Participant may request the Broker to sell any or all of the full or
fractional shares of Company Stock allocated to his Brokerage Account. Unless
directed otherwise by the Participant, the Broker shall mail to the Participant
a check for the proceeds, less any applicable fees and brokerage commissions and
any transfer taxes, registration fees or other normal charges associated with
such a sale which shall be paid by the Participant. Except as provided in
Section 7.1 below, any sale of Company Stock held in a Participant's Brokerage
Account shall not affect his status as a Participant in the Plan. A Participant
may purchase or sell additional shares of Company Stock through his Brokerage
Account at any time through separate purchases arranged through the Broker. The
Participant shall pay any and all costs, commissions or fees associated with any
such transactions to the Broker, including, but not limited to, purchases,
sales, reinvestment of dividends, requests for certificates and crediting of
stock dividends or stock splits.

                                   ARTICLE VII
                                   WITHDRAWAL

     7.1 IN SERVICE WITHDRAWALS. At any time prior to the close of a Payroll
Period, any Participant may withdraw the amounts held in his Brokerage Account
by executing and delivering to the Human Resources Department for the Company
written notice of withdrawal on the form provided by the Company. In such a
case, the entire balance of the Participant's Brokerage Account shall be paid to
the Participant, without interest, as soon as is practicable. Upon such
notification, that Participant shall cease to participate in the Plan for the
remainder of the Payroll Period in which the notice is given. Any Employee who
has withdrawn under this Section shall be excluded from participation in the
Plan for the remainder of the Payroll Period, but may then be reinstated as a
Participant for a subsequent Payroll Period by executing and delivering a new
Enrollment Form to the Committee.

     7.2 TERMINATION OF EMPLOYMENT.

     (a) In the event that a Participant's employment with the Company
terminates for any reason, the Participant shall cease to participate in the
Plan on the date of termination.

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As soon as is practical following the date of termination, the entire balance of
the Participant's Brokerage Account shall be paid to the Participant or his
beneficiary, without interest.

     (b) A Participant may file a written designation of a beneficiary who is to
receive any shares of Company Stock purchased under the Plan or any cash from
the Participant's Brokerage Account in the event of his death subsequent to a
Quarter End, but prior to delivery of such shares and cash. In addition, a
Participant may file a written designation of a beneficiary who is to receive
any cash from the Participant's Brokerage Account under the Plan in the event of
his death prior to a Quarter End under paragraph (a) above.

     (c) Any beneficiary designation under paragraph (b) above may be changed by
the Participant at any time by written notice. In the event of the death of a
Participant, the Committee may rely upon the most recent beneficiary designation
it has on file as being the appropriate beneficiary. In the event of the death
of a Participant and no valid beneficiary designation exists or the beneficiary
has predeceased the Participant, the Committee shall deliver any cash or shares
of Company Stock to the executor or administrator of the estate of the
Participant, or if no such executor or administrator has been appointed to the
knowledge of the Committee, the Committee, in its sole discretion, may deliver
such shares of Company Stock or cash to the spouse or any one or more dependents
or relatives of the Participant, or if no spouse, dependent or relative is known
to the Committee, then to such other person as the Committee may designate.

                                  ARTICLE VIII
                               PLAN ADMINISTRATION

     8.1 PLAN ADMINISTRATION.

     (a) Authority to control and manage the operation and administration of the
Plan shall be vested in the Board, or a committee ("Committee") appointed by the
Board. The Board or Committee shall have all powers necessary to supervise the
administration of the Plan and control its operations.

     (b) In addition to any powers and authority conferred on the Board or
Committee elsewhere in the Plan or by law, the Board or Committee shall have the
following powers and authority:

          (i)    To designate agents to carry out responsibilities relating to
                 the Plan;

          (ii)   To administer, interpret, construe and apply this Plan and to
                 answer all questions that may arise or that may be raised under
                 this Plan by a Participant, his beneficiary or any other person
                 whatsoever;

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          (iii)  To establish rules and procedures from time to time for the
                 conduct of its business and for the administration and
                 effectuation of its responsibilities under the Plan; and

          (iv)   To perform or cause to be performed such further acts as it may
                 deem to be necessary, appropriate, or convenient for the
                 operation of the Plan.

     (c) Any action taken in good faith by the Board or Committee in the
exercise of authority conferred upon it by this Plan shall be conclusive and
binding upon a Participant and his beneficiaries. All discretionary powers
conferred upon the Board shall be absolute.

     9.2 LIMITATION ON LIABILITY. No Employee of the Company nor member of the
Board or Committee shall be subject to any liability with respect to his duties
under the Plan unless the person acts fraudulently or in bad faith. To the
extent permitted by law, the Company shall indemnify each member of the Board or
Committee, and any other Employee of the Company with duties under the Plan who
was or is a party, or is threatened to be made a party, to any threatened,
pending or completed proceeding, whether civil, criminal, administrative, or
investigative, by reason of the person's conduct in the performance of his
duties under the Plan.

                                   ARTICLE IX
                                  COMPANY STOCK

     9.1 LIMITATIONS ON PURCHASE OF SHARES. The maximum number of shares of
Company Stock that shall be made available for sale under the Plan shall be
10,784,600 shares, subject to adjustment under Section 9.4 below. The Company
will issue the shares of Company Stock to be sold to Participants under the
Plan. If the total number of shares of Company Stock that would otherwise be
issuable pursuant to rights granted pursuant to Article VI of the Plan at the
purchase date exceeds the number of shares then available under the Plan, the
Company shall make a pro rata allocation of the shares remaining available in as
uniform and equitable a manner as is practicable. In such event, the Company
shall give written notice of such reduction of the number of shares to each
participant affected thereby and any unused Participant Contributions shall be
returned to such participant if necessary.

     9.2 VOTING COMPANY STOCK. The Participant will have no interest or voting
right in shares to be purchased under Article VI of the Plan until such shares
have been purchased.

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     9.3 REGISTRATION OF COMPANY STOCK. Shares to be delivered to a Participant
under the Plan will be registered in the name of the Plan unless designated
otherwise by the Participant.

     9.4 CHANGES IN CAPITALIZATION OF THE COMPANY. Subject to any required
action by the stockholders of the Company, the number of shares of Company Stock
covered by each right under the Plan which has not yet been exercised and the
number of shares of Company Stock which have been authorized for issuance under
the Plan but have not yet been placed under rights or which have been returned
to the Plan upon the cancellation of a right, as well as the Purchase Price per
share of Company Stock covered by each right under the Plan which has not yet
been exercised, shall be proportionately adjusted for any increase or decrease
in the number of issued shares of Company Stock resulting from a stock split,
stock dividend, spin-off, reorganization, recapitalization, merger,
consolidation, exchange of shares or the like. Such adjustment shall be made by
the Board, whose determination in that respect shall be final, binding and
conclusive. Except as expressly provided herein, no issue by the Company of
shares of stock of any class, or securities convertible into shares of stock of
any class, shall affect, and no adjustment by reason thereof shall be made with
respect to, the number or price of shares of Company Stock subject to any right
granted hereunder.

     9.5 MERGER OF COMPANY. In the event that the Company at any time proposes
to merge into, consolidate with or to enter into any other reorganization
pursuant to which the Company is not the surviving entity (including the sale of
substantially all of its assets or a "reverse" merger in which the Company is
the surviving entity), the Plan shall terminate, unless provision is made in
writing in connection with such transaction for the continuance of the Plan and
for the assumption of rights theretofore granted, or the substitution for such
rights of new rights covering the shares of a successor corporation, with
appropriate adjustments as to number and kind of shares and prices, in which
event the Plan and the rights theretofore granted or the new rights substituted
therefore, shall continue in the manner and under the terms so provided. If such
provision is not made in such transaction for the continuance of the Plan and
the assumption of rights theretofore granted or the substitution for such rights
of new rights covering the shares of a successor corporation, then the Board of
Directors or its committee shall cause written notice of the proposed
transaction to be given to the persons holding rights not less than 10 days
prior to the anticipated effective date of the proposed transaction, and,
concurrent with the effective date of the proposed transaction, such rights
shall be exercised automatically in accordance with Article VI as if such
effective date were the end of a Payroll Period unless a Participant withdraws
from the Plan as provided in Article VII.

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                                    ARTICLE X
                              MISCELLANEOUS MATTERS

     10.1 AMENDMENT AND TERMINATION. Since future conditions affecting the
Company cannot be anticipated or foreseen, the Company reserves the right to
amend, modify, or terminate the Plan at any time. Upon termination of the Plan,
all benefits shall become payable immediately. Notwithstanding the foregoing, no
such amendment or termination shall affect rights previously granted, nor may an
amendment make any change in any right previously granted which adversely
affects the rights of any Participant. In addition, no amendment may be made
without prior approval of the stockholders of the Company if such amendment
would:

     (a) Increase the number of shares of Company Stock that may be issued under
the Plan;

     (b) Materially modify the requirements as to eligibility for participation
in the Plan; or

     (c) Materially increase the benefits that accrue to Participants under the
Plan.

     10.2 BENEFITS NOT ALIENABLE. Benefits under the Plan may not be assigned or
alienated, whether voluntarily or involuntarily. Any attempt at assignment,
transfer, pledge or other disposition shall be without effect, except that the
Company may treat such act as an election to withdraw funds in accordance with
Article VII.

     10.3 NO ENLARGEMENT OF EMPLOYEE RIGHTS. This Plan is strictly a voluntary
undertaking on the part of the Company and shall not be deemed to constitute a
contract between the Company and any Employee or to be consideration for, or an
inducement to, or a condition of, the employment of any Employee. Nothing
contained in the Plan shall be deemed to give the right to any Employee to be
retained in the employ of the Company or to interfere with the right of the
Company to discharge any Employee at any time.

     10.4 GOVERNING LAW. To the extent not preempted by Federal law, all legal
questions pertaining to the Plan shall be determined in accordance with the laws
of the State of California.

     10.5 NON-BUSINESS DAYS. When any act under the Plan is required to be
performed on a day that falls on a Saturday, Sunday or legal holiday, that act
shall be performed on the next succeeding day which is not a Saturday, Sunday or
legal holiday. Notwithstanding the above, Fair Market Value shall be determined
in accordance with Section 6.5.

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     10.6 COMPLIANCE WITH SECURITIES LAWS. Notwithstanding any provision of the
Plan, the Committee shall administer the Plan in such a way to insure that the
Plan at all times complies with any requirements of Federal Securities Laws. For
example, affiliates may be required to make irrevocable elections in accordance
with the rules set forth under Section 16b-3 of the Securities Exchange Act of
1934.

     IN WITNESS WHEREOF, FIDELITY NATIONAL FINANCIAL, INC. has caused this
instrument to become effective as of April 24, 2001.

                                               FIDELITY NATIONAL FINANCIAL, INC.

                                               BY: /s/ Alan L. Stinson
                                                   -----------------------------
                                                   ALAN L. STINSON, CHIEF
                                                   FINANCIAL OFFICER

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                                                                   EXHIBIT 10.71

                              EMPLOYMENT AGREEMENT

     This employment agreement (the "Agreement") is effective as of March 22,
2001 (the "Effective Date"), by and between FIDELITY NATIONAL FINANCIAL, INC., a
Delaware corporation (the "Company"), and WILLIAM P. FOLEY, II (the "Employee").
In consideration of the mutual covenants and agreements set forth herein, the
parties agree as follows:

     1.   Employment and Duties. Subject to the terms and conditions of this
Agreement, the Company employs the Employee to serve in an executive and
managerial capacity as Chief Executive Officer and Chairman of the Board of
Directors of the Company, and the Employee accepts such employment and agrees to
perform such reasonable responsibilities and duties commensurate with the
aforesaid positions as set forth in the Articles of Incorporation and the Bylaws
of the Company. Any change in such titles or delegation of duties inconsistent
with such titles shall be deemed a Termination Without Cause under Section 7(b)
of this Agreement.

     2.   Term. The term of this Agreement shall commence on the Effective Date
and shall continue for a period of five (5) years ending March 22, 2006, subject
to prior termination as set forth in Section 7, below (the "Term"). The Term may
be extended at any time upon mutual agreement of the parties.

     3.   Salary. During the Term, the Company shall pay the Employee a minimum
base annual salary, before deducting all applicable withholdings, of $950,000
per year, payable at the times and in the manner dictated by the Company's
standard payroll policies. Such minimum base annual salary may be periodically
reviewed and increased (but not decreased) at the discretion of the Compensation
Committee of the Board of Directors to reflect, among other matters, cost of
living increases and performance results.

     4.   Other Compensation and Fringe Benefits. In addition to any executive
bonus, pension, deferred compensation and stock option plans which the Company
may from time to time make available to the employee upon mutual agreement, the
Employee shall be entitled to the following:

     (a)  The standard Company benefits enjoyed by the Company's other top
          executives.

     (b)  Payment by the Company of the Employee's initiation and membership
          dues in all social and/or recreational clubs as deemed necessary and
          appropriate by the Employee to maintain various business relationships
          on behalf of the Company; provided, however, that the Company shall
          not be obligated to pay for any of the Employee's personal purchases
          and expenses at such club.

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     (c)  Provision by the Company during the Term and any extensions thereof to
          the Employee and his dependents of medical and other insurance
          coverage under the Company's Executive Medical Plan.

     (d)  Provision by the Company of supplemental disability insurance
          sufficient to provide two-thirds of the Employee's pre-disability
          minimum base annual salary.

     (e)  An annual incentive bonus for each calendar year included in this
          Agreement calculated pursuant to a formula substantially similar to
          (and the formula of which will not yield a bonus less than) the FY
          2001 Incentive Plan adopted by the Compensation Committee of the
          Company with a target bonus based upon 100% of base annual salary, a
          copy of which is attached hereto as Exhibit A ("Incentive Bonus");
          provided, however, that the Employer's stockholders approve an annual
          incentive bonus plan containing substantially the terms of the
          Incentive Bonus prior to its payment in accordance with Section 162(m)
          of the Internal Revenue Code of 1986, as amended, and the regulations
          promulgated thereunder. The annual bonus shall be paid no later than
          March 15th of the following year and is fully vested at the end of
          each year in the event of a non-renewal of this Agreement by the
          Company. Subject to Section 7 below, the annual bonus shall be
          pro-rated for any partial employment year.

     The Company shall deduct from all compensation payable under this Agreement
to the Employee any taxes or withholdings the Company is required to deduct
pursuant to state and federal laws or by mutual agreement between the parties

     5.   Vacation. For and during each year of the Term and any extensions
thereof, the Employee shall be entitled to reasonable paid vacation periods
consistent with his positions with the Company. In addition, the Employee shall
be entitled to such holidays consistent with the Company's standard policies or
as the Company's Board of Directors may approve.

     6.   Expense Reimbursement. In addition to the compensation and benefits
provided herein, the Company shall, upon receipt of appropriate documentation,
reimburse the Employee each month for his reasonable travel, lodging,
entertainment, promotion and other ordinary and necessary business expenses.

     7.   Termination.

     (a)  For Cause. The Company may terminate this Agreement immediately for
          cause upon written notice to the Employee, in which event the Company
          shall be obligated to pay the Employee that portion of the minimum
          base annual salary due him through the date of termination. Cause
          shall be limited to (i) the persistent failure to perform duties
          consistent with a commercially reasonable standard of care; (ii) the
          willful neglect of duties;

                                     Page 2
<PAGE>   3

          (iii) criminal or other illegal activities involving dishonesty; or
          (iv) a material breach of this Agreement.

     (b)  Without Cause. Either party may terminate this Agreement immediately
          without cause by giving written notice to the other. If the Company
          terminates under this Section 7(b), then it shall pay to the Employee
          an amount equal to the product of (i) the Employee's minimum annual
          base salary in effect as of the date of termination, plus the greater
          of either (x) the total annual bonus paid, payable, or which would
          have been payable to the Employee under this Agreement (had it been in
          effect) for 2000 and payable in 2001 or (y) the highest bonus paid for
          any year during which this Agreement was in effect ("Base Year
          Bonus"), times (ii) the number of years (including partial years)
          remaining in the Term or the number 3 (three), whichever is greater.
          The Company shall make such payment in a lump sum on or before the
          fifth day following the date of termination, or as otherwise directed
          by the Employee. In addition, all options granted to the Employee
          which had not vested as of the date of termination hereunder shall
          vest immediately and the Company shall maintain in full force and
          effect for the continued benefit of the Employee for the number of
          years (including partial years) remaining in the Term, all employee
          benefit plans and programs in which the Employee was entitled to
          participate immediately prior to the date of termination, provided
          that the Employee's continued participation is possible under the
          general terms and provisions of such plans and programs. In the event
          that the Employee's participation in any such plan or program is
          prohibited, the Company shall, at its expense, arrange to provide the
          Employee with benefits substantially similar to those which the
          Employee would otherwise have been entitled to receive under such
          plans and programs for which his continued participation is
          prohibited. If the Employee terminates under this Section 7(b), then
          the Company shall be obligated to pay the Employee the minimum annual
          base salary due him through the date of termination.

     (c)  Disability. If the Employee fails to perform his duties hereunder on
          account of illness or other incapacity for a period of nine
          consecutive months, then the Company shall have the right upon written
          notice to the Employee to terminate this Agreement without further
          obligation by paying the Employee the minimum base annual salary,
          without offset, for the remainder of the Term in a lump sum or as
          otherwise directed by the Employee.

     (d)  Death. If the Employee dies during the Term, then this Agreement shall
          terminate immediately and the Employee's legal representatives shall
          be entitled to receive the minimum annual base salary for the
          remainder of the Term in a lump sum or as otherwise directed by the
          Employee's legal representative.

                                     Page 3
<PAGE>   4

     (e)  Mitigation. The Employee shall not be required to mitigate the amount
          of any payment provided for in this Section 7 by seeking other
          employment or otherwise, nor shall any compensation or other payments
          received by the Employee after the date of termination reduce any
          payments due under this Section 7.

     (f)  Effect of Termination. Termination for any reason or for no reason
          shall not constitute a waiver of the Company's rights under this
          Agreement nor a release of the Employee from any obligation hereunder
          except his obligation to perform his day-to-day duties as an employee.

8.   Severance Payment.

     (a)  The Employee may terminate his employment hereunder for "Good Reason,"
          which for purposes of this Agreement shall mean a "change in control
          of the Company." A "change in control of the Company," for purposes of
          this Agreement, shall be deemed to have occurred if (i) there shall be
          consummated (x) any consolidation or merger of the Company other than
          a consolidation or merger of the Company in which the holders of the
          Company's Common Stock immediately prior to the merger own more than
          50% of the voting securities of the surviving corporation immediately
          after the merger, or (y) any sale, lease exchange or other transfer
          (in one transaction or a series of related transactions) of all, of
          substantially all, of the assets of the Company, or (ii) the
          stockholders of the Company approve any plan or proposal for the
          liquidation or dissolution of the Company, or (iii) any "person" (such
          as that term is used in Sections 13(d) and 14(d) of the Securities
          Exchange Act of 1934 (the "Exchange Act")), other than the Company or
          any "person" who, on the date hereof, is a director or officer of the
          Company, is or becomes the "beneficial owner" (as defined in Rule
          13d-3 under the Exchange Act), of securities of the Company
          representing 30% or more of the combined voting power of the Company's
          then outstanding securities, or (iv) during any period of two (2)
          consecutive years during the Term or any extensions thereof,
          individuals, who, at the beginning of such period, constitute the
          Board of Directors, cease for any reason to constitute at least a
          majority thereof, unless the election of each director who was not a
          director at the beginning of such period has been approved in advance
          by directors representing at least two-thirds of the directors then in
          office who were directors at the beginning of the period.

     (b)  If the Employee terminates his employment for Good Reason, or, if
          after a change in control of the Company, the Company shall terminate
          the Employee's employment in breach of this Agreement or pursuant to
          Section 7(b), then:

                                     Page 4
<PAGE>   5

          (i)    The Company shall pay the Employee his minimum base annual
                 salary due him through the date of termination.

          (ii)   In lieu of any further salary and bonus payments or other
                 payments due to the Employee for periods subsequent to the date
                 of termination, the Company shall pay, as severance to the
                 Employee, an amount equal to the product of (A) the Employee's
                 minimum base annual salary in effect as of the date of
                 termination plus the Base Year Bonus, multiplied by (B) the
                 number of years (including partial years) remaining in the Term
                 or the number 3 (three), whichever is greater.

          (iii)  All options granted to the Employee which had not vested as of
                 the date of termination hereunder shall vest immediately; and

          (iv)   The Company shall maintain in full force and effect, for the
                 continued benefit of the Employee for the number of years
                 (including partial years) remaining in the Term, all employee
                 benefit plans and programs in which the Employee was entitled
                 to participate immediately prior to the date of termination,
                 provided that the Employee's continued participation is
                 possible under the general terms and provisions of such plans
                 and programs. In the event that the Employee's participation in
                 any such plan or program is prohibited, the Company shall, at
                 its expense, arrange to provide the Employee with benefits
                 substantially similar to those which the Employee would
                 otherwise have been entitled to receive under such plans and
                 programs from which his continued participation is prohibited.

     (c)  For purposes of this Section 8 and Section 7 hereof, the Employee
          shall not be required to mitigate the amount of any payment provided
          for in Sections 7 and 8 by seeking other employment or otherwise, nor
          shall any compensation or other payments received by the Employee
          after the date of termination reduce any payments due under such
          Sections.

     9.   Indemnification for Taxes. The Company shall indemnify Employee for
any and all taxes, penalties, additions to tax and interest on tax deficiencies
of any kind (collectively, "Taxes") with respect to any and all payments and
benefits provided by this Agreement or other agreements with Employee which are
subject (if at all) to the excise tax (Excess Tax") pursuant to Section 4999 of
the Internal Revenue Code of 1986, as amended. This indemnification shall extend
to any and all Taxes with respect to any and all reimbursements hereunder such
that, on a net-after-tax basis, Employee is in the same position that Employee
would have been in if no payments made by Company to Employee had been subject
to the Excise Tax (and, therefore, no indemnification payments hereunder had
been necessary).

                                     Page 5
<PAGE>   6

     10.  Non-Delegation of Employee's Rights. The obligations, rights and
benefits of the Employee hereunder are personal and may not be delegated,
assigned or transferred in any manner whatsoever, nor are such obligations,
rights or benefits subject to involuntary alienation, assignment or transfer.

     11.  Confidential Information. The Employee acknowledges that in his
capacity as an employee of the Company he will occupy a position of trust and
confidence and he further acknowledges that he will have access to and learn
substantial information about the Company and its operations that is
confidential or not generally known in the industry including, without
limitation, information that relates to purchasing, sales, customers, marketing,
and the Company's financial position and financing arrangements. The Employee
agrees that all such information is proprietary or confidential, or constitutes
trade secrets and is the sole property of the Company. The Employee will keep
confidential, and will not reproduce, copy or disclose to any other person or
firm, any such information or any documents or information relating to the
Company's methods, processes, customers, accounts, analyses, systems, charts,
programs, procedures, correspondence or records, or any other documents used or
owned by the Company, nor will the Employee advise, discuss with or in any way
assist any other person, firm or entity in obtaining or learning about any of
the items described in this Section 11. Accordingly, the Employee agrees that
during the Term and at all times thereafter he will not disclose, or permit or
encourage anyone else to disclose, any such information, nor will he utilize any
such information, either along or with others, outside the scope of his duties
and responsibilities with the Company.

     12.  Non-Competition During Employment Term. The Employee agrees that,
during the term and any extensions thereof, he will devote substantially all his
business time and effort, and give undivided loyalty, to the Company. He will
not engage in any way whatsoever, directly or indirectly, in any business that
is competitive with the Company or its affiliates, nor solicit, or in any other
manner work for or assist any business which is competitive with the Company or
its affiliates. In addition, during the Term and any extensions thereof, the
Employee will undertake no planning for or organization of any business activity
competitive with the work he performs as an employee of the Company, and the
Employee will not combine or conspire with any other employee of the Company or
any other person for the purpose of organizing any such competitive business
activity.

     13.  Non-Competition After Employment Term. The parties acknowledge that as
an executive officer of the Company the Employee will acquire substantial
knowledge and information concerning the business of the Company as a result of
his employment. The parties further acknowledge that the scope of business in
which the Company is engaged as of the Effective Date is national and very
competitive and one in which few companies can successfully compete. Competition
by an executive officer such as the Employee in that business after this
Agreement is terminated would severely injure the Company. Accordingly, for a
period of one year after this Agreement is terminated or the Employee leaves the
employment of the Company for any reason whatsoever, except as otherwise stated
herein below, the Employee agrees (i) not to become an employee,

                                     Page 6
<PAGE>   7

consultant, advisor, principal, partner or substantial shareholder of any firm
or business that in any way competes with the Company in any of its
presently-existing or then-existing products and markets; and (ii) not to
solicit any person or business that was at the time of such termination and
remains a customer or prospective customer, or an employee of the Company.
Notwithstanding any of the foregoing provisions to the contrary, the Employee
shall not be subject to the restrictions set forth in this Section 13 under the
following circumstances:

     (a)  If the Employee's employment with the Company is terminated by the
          Company without cause;

     (b)  If the Employee's employment with the Company is terminated as a
          result of the Company's unwillingness to extend the Term of this
          Agreement; or,

     (c)  If the Employee leaves the employment of the Company for Good Reason
          pursuant to Section 8, above.

     14.  Return of Company Documents. Upon termination of this Agreement,
Employee shall return immediately to the Company all records and documents of or
pertaining to the Company and shall not make or retain any copy or extract of
any such record or document.

     15.  Other Employment and Location. Anything to the contrary hereinabove
notwithstanding, Company acknowledges that Employee also serves and will in the
future serve as a Director and/or Chairman of the Board of certain other
companies and will direct a reasonable portion of his time to fulfilling his
duties in such capacities. In particular, Employee is a director of American
National Title Insurance Company, in which both the Company and Employee are
shareholders but which is one of the Company's competitors. Company acknowledges
that Employee serving as a Director and/or Chairman of the Board of other
companies shall not constitute a violation of this Agreement or any provision
hereof including but not limited to Sections 11, 12 and 13, so long as Employee
dedicates a reasonable amount of his time to his duties hereunder. The Employee
shall not be required to move from Santa Barbara Count, California, to perform
his duties hereunder during the Term without his written consent.

     16.  Improvements and Inventions. Any and all improvements or inventions,
which the Employee may make or participate in during the period of his
employment, shall be the sole and exclusive property of the Company. The
Employee will, whenever requested by the Company, execute and deliver any and
all documents which the Company shall deem appropriate in order to apply for and
obtain patents for improvements or inventions or in order to assign and convey
to the Company the sole and exclusive right, title and interest in and to such
improvements, inventions, patents or applications.

     17.  Actions. The parties agree and acknowledge that the rights conveyed by
this Agreement are of a unique and special nature and that the Company will not
have an

                                     Page 7
<PAGE>   8

adequate remedy at law in the event of a failure by the Employee to abide by its
terms and conditions nor will money damages adequately compensate for such
injury. It is, therefore, agreed between the parties that, in the event of a
breach by the Employee of any of his obligations contained in this Agreement,
the Company shall have the right, among other rights, to damages sustained
thereby and to obtain an injunction or decree of specific performance from any
court of competent jurisdiction to restrain or compel the Employee to perform as
agreed herein. The Employee agrees that this Section 17 shall survive the
termination of his employment and he shall be bound by its terms at all times
subsequent to the termination of his employment for so long a period as Company
continues to conduct the same business or businesses as conducted during the
Term or any extensions thereof. Nothing herein contained shall in any way limit
or exclude any other right granted by law or equity to the Company.

     18.  Amendment. This Agreement contains, and its terms constitute, the
entire agreement of the parties, and it may be amended only by a written
document signed by both parties to this Agreement.

     19.  Governing Law. California law shall govern the construction and
enforcement of this Agreement and the parties agree that any litigation
pertaining to this Agreement shall be adjudicated in courts located in
California. This Agreement supercedes and replaces any prior agreements or
understandings between the parties with respect to the subject matter hereof.

     20.  Attorneys' Fees. If any party finds it necessary to employ legal
counsel or to bring an action at law or other proceedings against the other
party to enforce any of the terms hereof, the party prevailing in any such
action or other proceeding shall be paid by the other party its reasonable
attorneys' fees as well as court costs, all as determined by the court and not a
jury.

     21.  Severability. If any section, subsection or provision hereof is found
for any reason whatsoever, to be invalid or inoperative, that section,
subsection or provision shall be deemed severable and shall not affect the force
and validity of any other provision of this Agreement. If any covenant herein is
determined by a court to be overly broad thereby making the covenant
unenforceable, the parties agree and it is their desire that such court shall
substitute a reasonable judicially enforceable limitation in place of the
offensive part of the covenant and that as so modified the covenant shall be as
fully enforceable as if set forth herein by the parties themselves in the
modified form. The covenants of the Employee in this Agreement shall each be
construed as an agreement independent of any other provision in this Agreement,
and the existence of any claim or cause of action of the Employee against the
Company, whether predicated on this Agreement or otherwise, shall not constitute
a defense to the enforcement by the Company of the covenants in this Agreement.

     22.  Notices. Any notice, request, or instruction to be given hereunder
shall be in writing and shall be deemed given when personally delivered or three
(3) days after

                                     Page 8
<PAGE>   9

being sent by United States Certified Mail, postage prepaid, with Return Receipt
Requested, to the parties at their respective addresses set forth below:

                  To the Company:   Fidelity National Financial, Inc.
                                    4050 Calle Real
                                    Santa Barbara, California 93110-3413
                                    Attention: Peter T. Sadowski
                                               Executive Vice President

                  To the Employee:  William P. Foley, II
                                    4181 Creciente Drive
                                    Santa Barbara, California 93110

     23.  Waiver of Breach. The Waiver by any party of any provisions of this
Agreement shall not operate or be construed as a waiver of any prior or
subsequent breach by the other party.

     IN WITNESS WHEREOF the parties have executed this Agreement to be effective
as of the date first set forth above.

                                               FIDELITY NATIONAL FINANCIAL, INC.

                                               By: /s/ Peter T. Sadowski
                                                   -----------------------------
                                                       Peter T. Sadowski
                                               Its:    Executive Vice President

                                               WILLIAM P. FOLEY, II

                                               /s/ William P. Foley, II
                                               ---------------------------------

                                     Page 9

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