Document:

<Page>

                                                                    EXHIBIT 10.1

                                 AMENDMENT NO. 9
                         TO LOAN AND SECURITY AGREEMENT

                  This Amendment No. 9 to Loan and Security Agreement (this
"Amendment") is as of dated October 19, 2001 and made by and among Fleet
Capital Corporation, individually as a Lender and as Agent, the other Lenders
signatory to this Amendment and Color Spot Nurseries, Inc. ("Borrower").
Agent, Lenders and Borrower are parties to a Loan and Security Agreement
dated as of October 15, 1998 (as the same heretofore has been or may
hereafter be amended, supplemented or otherwise modified, the "Loan
Agreement"). All capitalized terms used in this Amendment and not otherwise
defined herein shall have the same meanings herein as in the Loan Agreement.

                  Borrower has requested that the Loan Agreement be amended
to extend by thirty (30) days the scheduled maturity of the Term of the Loan
Agreement.

                  Agent and the Lenders have agreed to the foregoing request,
subject to each of the terms and conditions hereof, including without
limitation the other amendments to the Loan Agreement provided for herein.

                  1. AMENDMENTS. Subject to the prior satisfaction of the
conditions set forth in Section 4 of this Amendment, and in reliance on the
representations and warranties set forth in Section 3 of this Amendment, the
Loan Agreement is amended as follows:

                  (a) Section 1 of the Loan Agreement ("Credit Facility") is
amended to delete the reference to "$70,000,000" in the third line thereof
and to insert a reference to "$40,000,000" in substitution therefor.

                  (b) Section 2.6 of the Loan Agreement ("Unused Line Fee")
is amended to delete the reference to "$70,000,000" in the second line
thereof and to insert a reference to "$40,000,000" in substitution therefor.

                  (c) Section 4.1 of the Loan Agreement ("Term of Agreement")
is amended and restated in its entirety, as follows:

                  "4.1 TERM OF AGREEMENT. Subject to the right of the Lenders to
         cease making Loans to Borrower at any time upon or after the occurrence
         of a Default or an Event of Default, this Agreement shall be in effect
         through and including November 15, 2001, unless earlier terminated as
         provided in Section 4.2 hereof."

                  (d) Appendix A to the Loan Agreement ("General
Definitions") is amended to amend and restate the defined term "Borrowing
Base" set forth therein, as follows:

                  " BORROWING BASE - as at any date of determination thereof,
         an amount equal to the lesser of:

                           (i)      $40,000,000; or

<Page>

                           (ii)     an amount equal to:

                                    (1) 80% of the net amount of Eligible
                           Accounts outstanding at such date;

                                      PLUS

                                    (2) the lesser of (i) $40,000,000 or (ii)
                           (a) 50% of the value of Eligible Ordinary Inventory
                           consisting of raw materials and finished goods at
                           such date, in each case calculated on the basis of
                           the lower of cost or market with the cost calculated
                           on an average cost basis, PLUS (b) the lesser of (1)
                           $1,500,000 or (2) 50% of the value of Eligible
                           Christmas Tree Inventory calculated on the basis of
                           the lower of cost or market with the cost calculated
                           on an average cost basis;

                                      PLUS

                                    (3) the Guaranteed Amount. "

                  (e) Appendix A to the Loan Agreement ("General
Definitions") is amended to amend and restate the defined term "Total Credit
Facility" set forth therein, as follows:

                  " TOTAL CREDIT FACILITY -$40,000,000. "

                  (f) The defined term "Guaranteed Amount" is added to Appendix
A to the Loan Agreement ("General Definitions"), as follows:

                  " GUARANTEED AMOUNT - as at any date of determination thereof,
         the principal amount of the Obligations that have been guaranteed by
         Kohlberg & Company, L.L.C., a Delaware limited liability company,
         pursuant to a Guaranty that is satisfactory to Agent in form and
         substance and that is accompanied by such documentation as may be
         requested by Agent. "

                  2. SCOPE. This Amendment shall have the effect of amending
the Loan Agreement and the other Loan Documents as appropriate to express the
agreements contained herein. In all other respects, the Loan Agreement and
the other Loan Documents shall remain in full force and effect in accordance
with their respective term.

                  3. REPRESENTATION AND WARRANTIES. Borrower represents and
warrants that no Default or Event of Default has occurred and is continuing
(except those which have been waived in writing by Agent and Lenders).
Borrower hereby remakes, as of the date hereof, each of the representations
and warranties made by Borrower in the Loan Documents.

                  4. CONDITIONS TO EFFECTIVENESS. This Amendment shall be
effective upon satisfaction of the following conditions precedent:

                  (a)      Agent shall have received a fully executed copy of
                           this Amendment.

<Page>

                  (b)      Borrower shall have paid to Agent, for the ratable
                           benefit of Lenders, a fully-earned and non-refundable
                           extension fee in the aggregate amount of $50,000.

                  5.       REAFFIRMATION AND CONFIRMATION.

                  (a) Borrower ratifies, affirms, acknowledges and agrees
that the Loan Agreement and the Loan Documents represent the valid,
enforceable and collectible obligations of Borrower, and Borrower further
acknowledges that there are no existing claims, defenses, personal or
otherwise, or rights of setoff whatsoever with respect to the Loan Agreement
or any of the Loan Documents. Borrower agrees that this Amendment in no way
acts as a release or relinquishment of the Liens and rights securing payments
of the Obligations. The Liens and rights securing payment of the Obligations
are ratified and confirmed by Borrower in all respects.

                  (b) Reference is made to that certain letter dated
September ___, 2001 from Agent to Borrower (the "Reservation of Rights
Letter"). With respect to the Events of Default identified in the Reservation
of Rights Letter, nothing herein shall be deemed to constitute a waiver of
any of Agent's or any Lender's rights or remedies against Borrower or any
other Person under the Loan Agreement, any of the other Loan Documents or
applicable law and Agent and each Lender expressly reserve all rights and
remedies against Borrower under the Loan Agreement, the other Loan Documents
and applicable law.

                  6. COUNTERPARTS. This Amendment may be executed in
counterpart and by different parties hereto in separate counterparts, each of
which taken together shall constitute but one and the same instrument.

                  7. EXPENSES. All of Agent's reasonable costs and expenses,
including attorney's fees, in connection with the preparation of this
Amendment and all related documents shall be paid by Borrower upon request
from Agent.

                            [SIGNATURE PAGE FOLLOWS]

<Page>

                  IN WITNESS WHEREOF, this Amendment has been duly executed
as of the date first above written.

                                       FLEET CAPITAL CORPORATION, as Agent and
                                       as a Lender

                                       By_____________________________________
                                       Its____________________________________

                                       GENERAL ELECTRIC CAPITAL CORPORATION, as
                                       a Lender

                                       By:____________________________________
                                       Its:___________________________________

                                       COMERICA BANK, as a Lender

                                       By_____________________________________
                                       Its____________________________________

                                       COLOR SPOT NURSERIES, INC., as Borrower

                                       By_____________________________________
                                       Its____________________________________<Page>

                       MORGAN STANLEY SELECT EQUITY TRUST
             THE COMPETITIVE EDGE BEST IDEAS PORTFOLIO SERIES 2001-4
                            REFERENCE TRUST AGREEMENT

          This Reference Trust Agreement dated October 23, 2001 between MORGAN
STANLEY DW INC., as Depositor, and The Bank of New York, as Trustee, sets forth
certain provisions in full and incorporates other provisions by reference to the
document entitled "Dean Witter Select Equity Trust, Trust Indenture and
Agreement" (the "Basic Agreement") dated September 30, 1993, as amended. Such
provisions as are incorporated by reference constitute a single instrument (the
"Indenture").

                                WITNESSETH THAT:

          In consideration of the premises and of the mutual agreements herein
contained, the Depositor and the Trustee agree as follows:

                                       I.

                     STANDARD TERMS AND CONDITIONS OF TRUST

          Subject to the provisions of Part II hereof, all the provisions
contained in the Basic Agreement are herein incorporated by reference in their
entirety and shall be deemed to be a part of this instrument as fully and to the
same extent as though said provisions had been set forth in full in this
instrument except that the Basic Agreement is hereby amended as follows:

          A. The first sentence of Section 2.01 is amended to add the following
     language at the end of such sentence: "and/or cash (or a letter of credit
     in lieu of cash) with instructions to the Trustee to purchase one or more
     of such Securities which cash (or cash in an amount equal to the face
     amount of the letter of credit), to the extent not used by the Trustee to
     purchase such Securities within the 90-day period following the first
     deposit of Securities in the Trust, shall be distributed to Unit Holders on
     the Distribution Date next following such 90-day period or such earlier
     date as the Depositor and the Trustee determine".

<Page>

                                       2

          B. Section 2.03 is amended to add the following to the end of the
     first paragraph thereof. The number of Units may be increased through a
     split of the Units or decreased through a reverse split thereof, as
     directed by the Depositor, which revised number of Units shall be recorded
     by Trustee on its books.

          C. The first sentence of Section 2.06 is amended to add the following
     language after "Securities"))": "and/or cash (or a letter of credit in lieu
     of cash) with instructions to the Trustee to purchase one or more
     Additional Securities which cash (or cash in an amount equal to the face
     amount of the letter of credit), to the extent not used by the Trustee to
     purchase such Additional Securities within the 90-day period following the
     first deposit of Securities in the Trust, shall be distributed to Unit
     Holders on the Distribution Date next following such 90-day period or such
     earlier date as the Depositor and the Trustee determine".

          D.   Article III, entitled "Administration of Trust",
     Section 3.01 Initial Cost shall be amended as follows:

          Section 3.01 Initial Cost shall be amended to substitute the following
language:

          SECTION 3.01. INITIAL COST The costs of organizing the Trust and sale
     of the Trust Units shall, to the extent of the expenses reimbursable to the
     Depositor provided below, be borne by the Unit Holders, PROVIDED, HOWEVER,
     that, to the extent all of such costs are not borne by Unit Holders, the
     amount of such costs not borne by Unit Holders shall be borne by the
     Depositor and, PROVIDED FURTHER, HOWEVER, that the liability on the part of
     the Depositor under this section shall not include any fees or other
     expenses incurred in connection with the administration of the Trust
     subsequent to the deposit referred to in Section 2.01. Upon notification
     from the Depositor that the primary offering period is concluded, the
     Trustee shall withdraw from the Account or Accounts specified in the
     Prospectus or, if no Account is therein specified, from the Principal
     Account, and pay to the Depositor the Depositor's reimbursable expenses of
     organizing the Trust and sale of the Trust Units in an amount certified to
     the Trustee by the Depositor. If the balance of the Principal Account is
     insufficient to make such withdrawal, the Trustee shall, as di-

<Page>
                                       3

     rected by the Depositor, sell Securities identified by the Depositor, or
     distribute to the Depositor Securities having a value, as determined under
     Section 4.01 as of the date of distribution, sufficient for such
     reimbursement. The reimbursement provided for in this section shall be for
     the account of the Unitholders of record at the conclusion of the primary
     offering period and shall not be reflected in the computation of the Unit
     Value prior thereto. As used herein, the Depositor's reimbursable expenses
     of organizing the Trust and sale of the Trust Units shall include the cost
     of the initial preparation and typesetting of the registration statement,
     prospectuses (including preliminary prospectuses), the indenture, and other
     documents relating to the Trust, SEC and state blue sky registration fees,
     the cost of the initial valuation of the portfolio and audit of the Trust,
     the initial fees and expenses of the Trustee, and legal and other
     out-of-pocket expenses related thereto, but not including the expenses
     incurred in the printing of preliminary prospectuses and prospectuses,
     expenses incurred in the preparation and printing of brochures and other
     advertising materials and any other selling expenses. Any cash which the
     Depositor has identified as to be used for reimbursement of expenses
     pursuant to this Section shall be reserved by the Trustee for such purpose
     and shall not be subject to distribution or, unless the Depositor otherwise
     directs, used for payment of redemptions in excess of the per-Unit amount
     allocable to Units tendered for redemption.

          E. The third paragraph of Section 3.05 is hereby amended to add the
     following sentence after the first sentence thereof: "Depositor may direct
     the Trustee to invest the proceeds of any sale of Securities not required
     for the redemption of Units in eligible money market instruments selected
     by the Depositor which will include only negotiable certificates of deposit
     or time deposits of domestic banks which are members of the Federal Deposit
     Insurance Corporation and which have, together with their branches or
     subsidiaries, more than $2 billion in total assets, except that
     certificates of deposit or time deposits of smaller domestic banks may be
     held provided the deposit does not exceed the insurance coverage on the
     instrument (which currently is $100,000), and provided further that the
     Trust's aggregate holding of certificates of deposit or time deposits
     issued by the Trustee may not ex-

<Page>
                                       4

     ceed the insurance coverage of such obligations and U.S. Treasury notes or
     bills (which shall be held until the maturity thereof) each of which
     matures prior to the earlier of the next following Distribution Date or 90
     days after receipt, the principal thereof and interest thereon (to the
     extent such interest is not used to pay Trust expenses) to be distributed
     on the earlier of the 90th day after receipt or the next following
     Distribution Date."

          F. The first sentence of each of Sections 3.10, 3.11 and 3.12 is
     amended to insert the following language at the beginning of such sentence,
     "Except as otherwise provided in Section 3.13,".

          G.   The following new Section 3.13 is added

          Section 3.13. EXTRAORDINARY EVENT-SECURITY RETENTION AND VOTING. In
     the event the Trustee is notified of any action to be taken or proposed to
     be taken by holders of the securities held by the Trust in connection with
     any proposed merger, reorganization, spin-off, split-off or split-up by the
     issuer of stock or securities held in the Trust, the Trustee shall take
     such action or refrain from taking any action, as appropriate, so as to
     insure that the securities are voted as closely as possible in the same
     manner and in the same general proportion as are the securities held by
     owners other than the Trust. If stock or securities are received by the
     Trustee, with or without cash, as a result of any merger, reorganization,
     spin-off, split-off or split-up by the issuer of stock or securities held
     in the Trust, the Trustee at the direction of the Depositor may retain such
     stock or securities in the Trust. Neither the Depositor nor the Trustee
     shall be liable to any person for any action or failure to take action with
     respect to this section.

          H. Section 1.01 is amended to add the following definition: (9)
     "Deferred Sales Charge" shall mean any deferred sales charge payable in
     accordance with the provisions of Section 3.14 hereof, as set forth in the
     prospectus for a Trust. Definitions following this definition (9) shall be
     renumbered.

          I. Section 3.05 is hereby amended to add the following paragraph after
     the end thereof: On each Deferred Sales Charge payment date set forth in
     the prospectus for

<Page>
                                       5

     a Trust, the Trustee shall pay the account created pursuant to Section 3.14
     the amount of the Deferred Sales Charge payable on each such date as stated
     in the prospectus for a Trust. Such amount shall be withdrawn from the
     Principal Account from the amounts therein designated for such purpose.

          J. Section 3.06B(3) shall be amended by adding the following:
     "and any Deferred Sales Charge paid".

          K. Section 3.08 shall be amended by adding the following at the end
     thereof: "In order to pay the Deferred Sales Charge, the Trustee shall sell
     or liquidate an amount of Securities at such time and from time to time and
     in such manner as the Depositor shall direct such that the proceeds of such
     sale or liquidation shall equal the amount required to be paid to the
     Depositor pursuant to the Deferred Sales Charge program as set forth in the
     prospectus for a Trust.

          L. Section 3.14 shall be added as follows:

          Section 3.14. Deferred Sales Charge. If the prospectus for a Trust
     specifies a Deferred Sales Charge, the Trustee shall, on the dates
     specified in and as permitted by the prospectus, withdraw from the Income
     Account if such account is designated in the prospectus as the source of
     the payments of the Deferred Sales Charge, or to the extent funds are not
     available in that account or if such account is not so designated, from the
     Principal Account, an amount per Unit specified in the prospectus and
     credit such amount to a special, non-Trust account maintained at the
     Trustee out of which the Deferred Sales Charge will be distributed to the
     Depositor. If the Income Account is not designated as the source of the
     Deferred Sales Charge payment or if the balances in the Income and
     Principal Accounts are insufficient to make any such withdrawal, the
     Trustee shall, as directed by the Depositor, either advance funds, if so
     agreed to by the Trustee, in an amount equal to the proposed withdrawal and
     be entitled to reimbursement of such advance upon the deposit of additional
     monies in the Income Account or the Principal Account, sell Securities and
     credit the proceeds thereof to such special Depositor's account or credit
     Securities in kind to such special Depositor's Account. Such directions
     shall identify the Securities, if any, to be

<Page>
                                       6

     sold or distributed in kind and shall contain, if the Trustee is directed
     by the Depositor to sell a Security, instructions as to execution of such
     sales. If a Unit Holder redeems Units prior to full payment of the Deferred
     Sales Charge, the Trustee shall, if so provided in the prospectus, on the
     Redemption Date, withhold from the Redemption Price payment to such Unit
     Holder an amount equal to the unpaid portion of the Deferred Sales Charge
     and distribute such amount to such special Depositor's account or, if the
     Depositor shall purchase such Unit pursuant to the terms of Section 5.02
     hereof, the Depositor shall pay the Redemption Price for such Unit less the
     unpaid portion of the Deferred Sales Charge. The Depositor may at any time
     instruct the Trustee to distribute to the Depositor cash or Securities
     previously credited to the special Depositor's account.

          M.   The Distribution Agency Agreement is amended to be
     applicable to the Morgan Stanley Dean Witter Select Equity
     Trust, The Competitive Edge Best Ideas Portfolio series.

          N.   Reference to "Morgan Stanley Dean Witter Select Equity
     Trust" is replaced by "Morgan Stanley Select Equity Trust".

          O.   Reference to "Dean Witter Reynolds Inc." is replaced by
     "Morgan Stanley DW Inc."

                                       II.

                      SPECIAL TERMS AND CONDITIONS OF TRUST

          The following special terms and conditions are hereby agreed to:

          A.   The Trust is denominated Morgan Stanley Select Equity
Trust The Competitive Edge Best Ideas Portfolio Series 2001-4
(the "Best Ideas Trust").

          B. The publicly traded stocks listed in Schedule A hereto are those
which, subject to the terms of this Indenture, have been or are to be deposited
in trust under this Indenture.

<Page>
                                       7

          C.   The term, "Depositor" shall mean Morgan Stanley DW Inc.

          D.   The aggregate number of Units referred to in Sections 2.03
and 9.01 of the Basic Agreement is 25,199 for the Best Ideas
Trust.

          E.   A Unit is hereby declared initially equal to 1/25,199th
for the Best Ideas Trust.

          F.   The term "In-Kind Distribution Date" shall mean January 14, 2003.

          G.   The term "Record Dates" shall mean January 1, 2002 and February
1, 2003, and such other date as the Depositor may direct. (Such dates are set
forth for the purposes of distribution to Unit Holders. Trust expenses shall be
paid quarterly.)

          H.   The term "Distribution Dates shall mean June 15, 2002 and on or
about February 8, 2003 and such other date as the Depositor may direct. (Such
dates are set forth for the purposes of distribution to Unit Holders. Trust
expenses shall be paid quarterly.)

          I.   The term "Termination Date" shall mean February 1, 2003.

          J.   The Depositor's Annual Portfolio Supervision Fee shall be
a maximum of $0.25 per 100 Units.

          K.   The Trustee's Annual Fee as defined in Section 6.04 of the
Indenture shall be $0.80 per 100 Units.

          L. For a Unit Holder to receive an "in-kind" distribution during the
life of the Trust, such Unit Holder must tender at least 25,000 Units for
redemption. There is no minimum amount of Units that a Unit Holder must tender
in order to receive an "in-kind" distribution on the In-Kind Date or in
connection with a rollover.

          M. The Indenture is amended to provide that the period during which
the Trustee shall liquidate the Trust Securities shall not exceed 14 business
days commencing on the first business day following the In-Kind Date.

               (Signatures and acknowledgments on separate pages)

<Page>
                                       8

          The Schedule of Portfolio Securities in the prospectus included in
this Registration Statement is hereby incorporated by reference herein as
Schedule A hereto.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00030-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00030-of-00352.parquet"}]]