Document:

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                                                                   EXHIBIT 10.5

                         TRUE NORTH COMMUNICATIONS INC.

                           DEFERRED COMPENSATION PLAN

                (Amended and Restated Effective January 1, 2001)

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                         TRUE NORTH COMMUNICATIONS INC.

                           DEFERRED COMPENSATION PLAN

                       ARTICLE I - PURPOSE; EFFECTIVE DATE

1.1.     PURPOSE. The purpose of the True North Communications Inc. Deferred
         Compensation Plan (hereinafter, the "Plan") is to permit a select group
         of management or highly compensated employees of True North
         Communications Inc. and its participating subsidiaries to defer the
         receipt of income which would otherwise become payable to them and to
         provide additional deferred compensation through company contributions.
         In addition, it is intended that certain obligations undertaken in
         several predecessor non-qualified plans established by the Company, its
         predecessor companies or affiliates, be incorporated into the operation
         of this plan for administrative ease and consistency of benefits. It is
         intended that this Plan, by providing this deferral opportunity, will
         assist the Company in retaining and attracting individuals of
         exceptional ability by providing them with these benefits.

1.2.     EFFECTIVE DATE. The Plan was originally effective as of April 1, 1999.
         The "Effective Date" of this amended and restated Plan is January 1,
         2001.

                            ARTICLE II - DEFINITIONS

For the purpose of this Plan, the following terms shall have the meanings
indicated, unless the context clearly indicates otherwise:

2.1.     ACCOUNT(S). "Account(s)" means the account or accounts maintained on
         the books of the Company used solely to calculate the amount payable to
         each Participant under this Plan and shall not constitute a separate
         fund of assets. The Accounts available for each Participant shall be
         identified as the Retirement Account and the Withdrawal Account. In
         addition, there shall be an Interest Rate Subaccount within the
         Retirement Account to account for certain Rollover Amounts and
         Discretionary Contributions that are to be credited with interest based
         on a rate of interest determined by the Committee.

2.2.     BENEFICIARY. "Beneficiary" means the person, persons or entity as
         designated by the Participant, entitled under Article VI to receive any
         Plan benefits payable after the Participant's death.

2.3.     BOARD. "Board" means the Board of Directors of the Company or the
         Compensation Committee thereof.

2.4.     CODE. "Code" means the Internal Revenue Code of 1986, as amended from
         time to time.

2.5.     COMMITTEE. "Committee" means the Administrative Committee of the
         Company, which has been appointed by the Board to administer the
         Company's retirement plans, including the Plan.

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2.6.     COMPANY. "Company" means True North Communications Inc., a Delaware
         corporation, and any directly or indirectly affiliated subsidiary
         corporations any of whose employees are designated as eligible to
         participate in the Plan.

2.7.     COMPENSATION. "Compensation" means the base salary payable to and bonus
         or incentive compensation earned by a Participant with respect to
         employment services performed for the Company by the Participant and
         considered to be "wages" for purposes of federal income tax
         withholding. For purposes of this Plan, Compensation shall be
         calculated before reduction for any amounts deferred by the Participant
         pursuant to the Company's tax-qualified plans which may be maintained
         under Section 401(k) or Section 125 of the Code or pursuant to this
         Plan or any other non-qualified plan which permits the voluntary
         deferral of compensation. Inclusion of any other forms of compensation
         is subject to Committee approval.

2.8.     DEFERRAL COMMITMENT. "Deferral Commitment" means a commitment made by a
         Participant to defer a portion of Compensation as set forth in Article
         III. The Deferral Commitment shall apply to salary and/or bonus payable
         to the Participant, and shall specify the Account or Accounts to which
         the Compensation deferred shall be allocated. Such allocation shall be
         made in whole percentages or stated dollar amounts and shall be made in
         a form acceptable to the Committee. A Deferral Commitment shall remain
         in effect until amended or revoked as provided under Section 3.2(d)
         below.

2.9.     DEFERRAL PERIOD. "Deferral Period" means each calendar year.

2.10.    DETERMINATION DATE. "Determination Date" means each business day.

2.11.    DISABILITY. "Disability" means total and permanent disability, as
         defined in the Company's long-term disability plan, as it may be
         amended from time to time, and as interpreted by the Committee in its
         sole and absolute discretion.

2.12.    DISCRETIONARY CONTRIBUTION. "Discretionary Contribution" means the
         Company profit sharing contribution or other discretionary contribution
         credited to a Participant's Account(s) under Section 4.6 below.

2.13.    DISTRIBUTION ELECTION. "Distribution Election" means the election by a
         Participant as to the timing and/or form of payment of benefits payable
         from each Account under this Plan, on a form prescribed by the
         Committee for this purpose and completed by the Participant.

2.14.    ERISA. "ERISA" means the Employee Retirement Income Security Act of
         1974, as amended from time to time.

2.15.    EXCESS 401(K) AMOUNT. "Excess 401(k) Amount" means the amount of
         Compensation that the Participant has elected to be deferred under the
         provisions of the 401(k) Plan, but which cannot be contributed to the
         401(k) Plan on behalf of the Participant due to the fact that salary
         and bonus deferrals under this Plan are not treated as compensation
         under the 401(k) Plan and/or due to the limitations imposed by Code
         Sections 401(a)(30), 402(g)(1), 401(a)(17), 415(c)(1) or any other
         limitations under the Code or the provisions of the 401(k) Plan. The
         maximum

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         amount that can be contributed to the 401(k) Plan due to these
         restrictions is hereinafter referred to as "Maximum 401(k) Amount." It
         is recognized that for purposes of the 401(k) Plan the definition of
         "compensation" will most likely be more restrictive than the definition
         under this Plan and that the calculation of the amount elected to be
         deferred into the 401(k) Plan, the Maximum 401(k) Amount, and the
         Excess 401(k) Amount shall be calculated in accordance with the
         provisions of the 401(k) Plan. For purposes of this Plan, in
         determining the Excess 401(k) Amount, the election with respect to the
         amount of compensation to be deferred into the 401(k) Plan in effect at
         the time that the Participant achieves the Maximum 401(k) Amount shall
         be deemed to continue in effect for the balance of the applicable
         Deferral Period.

2.16.    FINANCIAL HARDSHIP. "Financial Hardship" means a severe financial
         hardship of the Participant resulting from a sudden and unexpected
         illness or accident of the Participant or of a dependent of the
         Participant, loss of the Participant's property due to casualty, or
         other similar extraordinary and unforeseeable circumstance arising as a
         result of events beyond the control of the Participant. Financial
         Hardship shall be determined based upon such standards as are, from
         time to time, established by the Committee, and such determination
         shall be in the sole discretion of the Committee.

2.17.    401(K) PLAN. "401(k) Plan" means the Company retirement plan in which
         the Participant participates, which is tax-qualified under Section
         401(a) of the Code and satisfies the requirements of Section 401(k) of
         the Code. As of the Effective Date, the only applicable tax-qualified
         plan is the True North Communications Inc. Retirement Plan, as amended
         from time to time.

2.18.    INVESTMENT PERFORMANCE. "Investment Performance" means the amount
         credited to or deducted from a Participant's Retirement and Withdrawal
         Accounts on each Determination Date. Amounts credited to or deducted
         from a Participant's Retirement and Withdrawal Accounts shall be based
         on the earnings and/or losses of the Valuation Funds chosen by the
         Participant as provided in Section 2.25 below and in a manner
         consistent with Section 4.3 below. Such credits to a Participant's
         Retirement and Withdrawal Accounts may be either positive or negative
         to reflect the increase or decrease in the applicable Valuation Funds.

         Notwithstanding the foregoing, Investment Performance credited to the
         Interest Rate Subaccount within the Retirement Account shall be based
         on a rate of interest set and declared by the Committee in its sole
         discretion from time to time.

2.19.    MATCHING CONTRIBUTION. "Matching Contribution" means the Company
         contribution credited to a Participant's Retirement Account under
         Section 4.5 below.

2.20.    PARTICIPANT. "Participant" means any employee who is eligible pursuant
         to Section 3.1 below to participate in this Plan, and who has elected
         to defer Compensation under this Plan in accordance with Article III
         below. Such employee shall remain a Participant in this Plan for the
         period of deferral and until such time as all benefits payable under
         this Plan have been paid in accordance with the provisions hereof.

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2.21.    PLAN. "Plan" means this True North Communications Inc. Deferred
         Compensation Plan, as amended from time to time.

2.22.    PREDECESSOR PLAN. "Predecessor Plan" means those plans maintained by
         the Company, or its predecessor entities, established to be
         non-qualified deferred compensation plans for a select group of
         management or highly compensated employees. These Plans specifically
         include the Bozell, Jacobs, Kenyon & Eckhardt, Inc. Executive Wealth
         Accumulation Plan (the "EWAP"), the Foote, Cone & Belding
         Communications, Inc. Stock Purchase Integration Plan, (the "SPIP"), and
         the Foote, Cone & Belding Communications, Inc. Profit Sharing
         Integration Plan, (the "PSIP") along with any other plan or program
         designated by the Committee.

2.23.    RETIREMENT. "Retirement" means a Participant's termination of
         employment with the Company after attaining age 55.

2.24.    ROLLOVER AMOUNT. "Rollover Amount" means the amount determined by the
         Committee in its sole discretion to represent the balance of the
         obligation to specifically named Participants under a Predecessor Plan,
         which is to be added to an Account in this Plan. It is intended that
         the Rollover Amount shall be determined in accordance with the terms of
         the applicable Predecessor Plan. Such Rollover Amount shall be
         determined by the Committee and added to the appropriate Account under
         this Plan as of the later of the original effective date of this Plan
         or the date that the Participant first becomes eligible to participate
         in this Plan.

2.25.    VALUATION FUNDS. "Valuation Funds" means one or more of the
         independently established funds or indices that are identified and
         listed by the Committee. These Valuation Funds are used solely to
         calculate the Investment Performance that is credited to each
         Participant's Retirement and Withdrawal Accounts in accordance with
         Article IV below, and does not represent nor should it be interpreted
         to convey any beneficial interest on the part of the Participant in any
         asset or other property of the Company. The determination of the
         increase or decrease in the performance of each Valuation Fund shall be
         made by the Committee in its reasonable discretion. The Committee shall
         select the various Valuation Funds available to the Participants with
         respect to this Plan.

                   ARTICLE III - ELIGIBILITY AND PARTICIPATION

3.1.     ELIGIBILITY AND PARTICIPATION.

         a)       ELIGIBILITY. Eligibility to participate in the Plan shall be
                  limited to those select key employees of the Company who are
                  designated by management from time to time and approved by the
                  Committee. The Committee and its delegates shall have the
                  authority to establish general guidelines for Plan
                  participation; provided that no individual with annual base
                  salary of less than $100,000 shall be eligible to make future
                  Deferral Commitments on or after the Effective Date.

         b)       PARTICIPATION. An employee's participation in the Plan shall
                  be effective upon notification to the employee by the
                  Committee of eligibility to participate, and

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                  completion and submission of a Deferral Commitment and a
                  Distribution Election form to the Committee no later than
                  30 days prior to the beginning of the Deferral Period.

         c)       FIRST-YEAR PARTICIPATION. When an individual first becomes
                  eligible to participate during a Deferral Period, a Deferral
                  Commitment may be submitted to the Committee within 30 days
                  after the Committee notifies the individual of eligibility to
                  participate. Subject to Section 3.2(b), such Deferral
                  Commitment will be effective only with regard to Compensation
                  earned and payable following submission of the Deferral
                  Commitment to the Committee.

3.2.     FORM OF DEFERRAL. A Participant may elect a Deferral Commitment as
         follows:

         a)       SALARY DEFERRAL COMMITMENT. A Deferral Commitment shall be
                  made with respect to salary payable by the Company to a
                  Participant during the immediately succeeding Deferral Period,
                  and shall designate the portion of each deferral that shall be
                  allocated among the Retirement and Withdrawal Accounts. The
                  Participant shall set forth the amount to be deferred as a
                  full percentage of salary payable (the Participant may
                  designate a different percentage of salary and bonus that is
                  to be deferred under this Plan). The salary Deferral
                  Commitment shall specify the Participant's initial allocation
                  of the amounts deferred into each Account among the various
                  available Valuation Funds.

         b)       BONUS DEFERRAL COMMITMENT. A Deferral Commitment shall be made
                  with respect to each payment of bonus or incentive
                  compensation payable by the Company to a Participant with
                  respect to services performed during the immediately
                  succeeding Deferral Period, and shall designate the portion of
                  each deferral that shall be allocated among the Retirement and
                  Withdrawal Accounts. Notwithstanding the foregoing, for a
                  Participant's initial Deferral Period under the Plan, his or
                  her bonus Deferral Commitment may apply to bonuses earned for
                  the calendar year in which such Deferral Commitment is made,
                  provided that the amount of such bonus remains substantially
                  uncertain as of the time such Deferral Commitment is
                  submitted. The Participant shall set forth the amount to be
                  deferred as either a full percentage of bonus or incentive
                  compensation payable (the Participant may designate a
                  different percentage of salary and bonus that is to be
                  deferred under this Plan), as a stated dollar amount, or as a
                  percentage of the bonus payable in excess of a stated amount.
                  The Deferral Commitment shall specify the Participant's
                  initial allocation of the amounts deferred into each Account
                  among the various available Valuation Funds.

                  To the extent any Participant receives a bonus partially or
                  completely in the form of restricted stock (or any other
                  non-cash form), the Committee or its delegates shall have the
                  discretion as it/they deem appropriate to adjust the
                  Participant's Deferral Commitment (as it applies to such
                  bonus) to account for the non-cash element. This discretion
                  shall be exercised in a manner that is consistent among
                  similarly-situated Participants. similarly-situated
                  Participants.

         c)       EXCESS 401(k) AMOUNT. A Deferral Commitment shall be made with
                  respect to Excess

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                  401(k) Amounts, if any, as defined in Section 2.15 above.
                  Any Excess 401(k) Amounts so deferred shall be deferred
                  into the Retirement Account.

         d)       PERIOD OF COMMITMENT. Once a Participant has made a Deferral
                  Commitment, that Commitment shall remain in effect for that
                  Deferral Period (or the remainder thereof). A new Deferral
                  Commitment must be submitted for each Deferral Period, as a
                  Deferral Commitment shall apply only to the Deferral Period
                  for which it is submitted.

3.3.     MAXIMUM DEFERRAL COMMITMENTS. The maximum amount of each payment of
         base salary that may be deferred into this Plan shall be 50% of base
         salary, and the maximum amount of each payment of bonus or incentive
         compensation that may be deferred into this Plan shall be 100% of bonus
         or incentive compensation.

3.4.     COMMITMENT LIMITED BY TERMINATION. If a Participant terminates
         employment with the Company prior to the end of the Deferral Period,
         the Deferral Period shall end as of the date of such termination.

3.5.     MODIFICATION OF DEFERRAL COMMITMENT. Except as provided in Section 5.5
         below, a Deferral Commitment shall be irrevocable by the Participant
         during a Deferral Period.

3.6.     CHANGE IN EMPLOYMENT STATUS. If the Committee determines that a
         Participant is no longer eligible to participate in this Plan, but the
         Participant remains employed with the Company, the Participant's
         existing Deferral Commitment shall terminate at the end of the Deferral
         Period, and no new Deferral Commitment may be made by such Participant
         after notice of such determination is given by the Committee, unless
         the Participant later satisfies the requirements of Section 3.1 above.
         If any such Participant's total Account balance at such time (or at any
         subsequent time) is less than $5,000, then the Committee shall
         distribute the Participant's Account balances in accordance with
         Article V below as if the Participant had terminated employment with
         the Company as of that time.

         If the Committee, in its sole discretion, determines that a Participant
         no longer qualifies as a member of a select group of management or
         highly compensated employees, as determined in accordance with ERISA,
         the Committee may in its sole discretion terminate any Deferral
         Commitment for that year, prohibit the Participant from making any
         future Deferral Commitments and/or distribute the Participant's Account
         balances in accordance with Article V below as if the Participant had
         terminated employment with the Company as of that time.

                   ARTICLE IV - DEFERRED COMPENSATION ACCOUNTS; COMPANY
                                      CONTRIBUTIONS

4.1.     ACCOUNTS. The Rollover Amounts, the Compensation deferred by a
         Participant under the Plan, any Matching Contributions, Discretionary
         Contributions, Excess 401(k) Amounts and Investment Performance shall
         be credited to the Participant's various Account(s). Separate accounts
         may be maintained to reflect the different Accounts chosen by the
         Participant, and the Participant shall designate the portion of each
         deferral that will be credited to each Account, as set forth in Section
         3.2(a), (b) and (c). These Accounts shall be used solely to calculate
         the

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         amount payable to each Participant under this Plan and shall not
         constitute separate funds of assets.

4.2.     TIMING OF CREDITS; WITHHOLDING. A Participant's deferred salary or
         bonus, if any, shall be credited to each Account designated by the
         Participant on or as soon as practicable after the date the
         Compensation deferred would have otherwise been payable to the
         Participant. Excess 401(k) Amounts and Matching Contributions, if any,
         shall be credited to the Participant's Retirement Account on or as soon
         as practicable after the date the corresponding deferred salary or
         bonus is credited to the applicable Account(s). Any Discretionary
         Contributions shall be credited to the appropriate Account(s) as
         provided by the Committee. Any Rollover Amounts shall be credited to
         the appropriate Account(s) as set forth below in Section 4.4 as an
         initial balance in the appropriate Account(s) as of the later of the
         original effective date of this Plan or the date that the Participant
         first becomes eligible to participate in this Plan. Any withholding of
         taxes or other amounts with respect to deferred Compensation that is
         required by local, state or federal law shall be withheld from the
         Participant's corresponding non-deferred portion of Compensation to the
         maximum extent possible, and any remaining amount shall reduce the
         amount credited to the Participant's Account in a manner specified by
         the Committee.

4.3.     VALUATION FUNDS. A Participant shall designate, at a time and in a
         manner acceptable to the Committee, one or more Valuation Funds for the
         Retirement and/or Withdrawal Account(s) for the sole purpose of
         determining the manner by which Investment Performance shall be
         credited to or deducted from such Account. Such election shall
         designate the portion of each deferral of Compensation made into the
         Retirement and Withdrawal Accounts that shall be allocated among the
         available Valuation Fund(s), and such election shall apply to each
         succeeding deferral of Compensation until such time as the Participant
         shall file a new election with the Committee. Participants shall also
         be permitted to reallocate the balance in each Valuation Fund among the
         other available Valuation Funds as determined by the Committee.

         The manner in which such elections shall be made and the frequency with
         which such elections may be changed and the manner in which such
         elections shall become effective shall be determined in accordance with
         the procedures to be adopted by the Committee or its delegates from
         time to time. As of the Effective Date, such elections may be made on a
         daily basis electronically, and such elections shall become effective
         on the date made or the next available Determination Date.

4.4.     ROLLOVER AMOUNTS. The Company may credit a Rollover Amount to the
         Participant's Account(s) in an amount determined by the Committee in
         accordance with the appropriate Predecessor Plan as stated in Section
         2.24 above. Any Rollover Amount designated as being in relation to the
         EWAP Predecessor Plan may be credited to the Retirement or the
         Withdrawal Accounts at the direction of the Participant. Any Rollover
         Amount designated as being in relation to the SPIP or PSIP Predecessor
         Plans will be credited to the Interest Rate Subaccount within the
         Retirement Account.

4.5.     MATCHING CONTRIBUTIONS. The Company may credit Matching Contributions
         to the Participant's Retirement Account in an amount to be determined
         by the Committee in relation

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         to the Compensation deferred by the Participant under this Plan
         during a Deferral Period. As of the Effective Date, Matching
         Contributions for each Deferral Period shall equal (1) one hundred
         percent (100%) of the amounts deferred by the Participant for that
         Deferral Period under Section 3.2 above, up to a maximum of the
         first 3% of the Participant's Compensation for such Deferral
         Period, plus (2) fifty percent (50%) of the amounts deferred by the
         Participant up to the next 2% of the Participant's Compensation
         for such Deferral Period, minus (3) the matching contributions made on
         the Participant's behalf for that Deferral Period under the 401(k)
         Plan. [DISCUSS?]

4.6.     PROFIT-SHARING AND OTHER DISCRETIONARY CONTRIBUTIONS. The Company may
         make Discretionary Contributions to a Participant's Accounts.
         Discretionary Contributions shall be credited at such times, in such
         amounts and to such Accounts as recommended by the Company and approved
         by the Compensation Committee of the Board or the full Board. As of the
         Effective Date, Discretionary Contributions shall include
         profit-sharing contributions made on behalf of certain designated
         eligible Participants as follows: For each Deferral Period, an eligible
         Participant's profit-sharing contribution shall be an amount equal to
         (a) minus (b), where:

         a)       equals the profit-sharing contribution that would have been
                  allocated to the Participant under the 401(k) Plan for such
                  Deferral Period if the "Retirement Plan Limits" did not apply
                  and if the amounts of salary deferred by the Participant
                  pursuant to Section 3.2 were treated as compensation under the
                  401(k) Plan; and

         b)       equals the actual profit-sharing contribution allocated to the
                  Participant under the 401(k) Plan for such Deferral Period.

         For purposes of (a) above, "Retirement Plan Limits" means the
         limitation imposed by Section 415 of the Code on allocations to
         Participants' accounts under the 401(k) Plan and the limitation imposed
         by Section 401(a)(17) of the Code on the amount of a Participant's
         annual compensation that may be taken into account under the 401(k)
         Plan. These profit-sharing Discretionary Contributions shall be
         credited to a Participant's Interest Rate Subaccount within the
         Retirement Account at or as soon as practicable after the time
         profit-sharing contributions are credited to such Participant's
         account(s) under the 401(k) Plan.

4.7.     DETERMINATION OF ACCOUNTS. Each Participant's Account as of each
         Determination Date shall consist of the balance of the Account as of
         the immediately preceding Determination Date, adjusted as follows:

         a)       NEW DEFERRALS. The Retirement and Withdrawal Accounts shall be
                  increased by any deferred Compensation, if any, credited since
                  such prior Determination Date in the proportion chosen by the
                  Participant.

         b)       COMPANY CONTRIBUTIONS. The Retirement Account shall be
                  increased by any Matching Contribution, Excess 401(k) Amounts,
                  and/or Discretionary Contributions credited since such prior
                  Determination Date; provided that profit-sharing Discretionary
                  Contributions under Section 4.6 shall be credited to the
                  Interest Rate Subaccount within

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                  the Retirement Account. Rollover Amounts shall be treated as
                  initial balances in the Retirement and/or Withdrawal Accounts,
                  as applicable.

         c)       DISTRIBUTIONS. Each Account shall be reduced by the amount of
                  each benefit payment made from that Account since the prior
                  Determination Date. Distributions from the Retirement and
                  Withdrawal Accounts shall be deemed to have been made
                  proportionally from each of the Valuation Funds maintained
                  within such Account based on the proportion that such
                  Valuation Fund bears to the sum of all Valuation Funds
                  maintained within such Account for that Participant as of the
                  Determination Date immediately preceding the date of payment.

         d)       INVESTMENT PERFORMANCE. The Retirement and Withdrawal Accounts
                  shall be increased or decreased by the Investment Performance
                  credited to such Accounts since such Determination Date as
                  though the balance of that Account had been invested in the
                  applicable Valuation Funds chosen by the Participant. The
                  Interest Rate Subaccount within the Retirement Account shall
                  be increased by the interest credited to such Account since
                  such prior Determination Date based on the interest rate
                  established by the Committee.

4.8.     VESTING OF ACCOUNTS. Subject to the right of the Committee to impose
         vesting restrictions with respect to future Matching and/or
         Discretionary Contributions, all amounts credited to a Participant's
         Accounts, net of Investment Performance, shall be 100% vested.

4.9.     STATEMENT OF ACCOUNTS. The Committee shall give to each Participant a
         statement showing the balances in the Participant's Accounts on no less
         than an annual basis.

                            ARTICLE V - PLAN BENEFITS

5.1.     RETIREMENT ACCOUNT. The balance of a Participant's Retirement Account
         shall be distributed to the Participant upon his or her termination of
         employment with the Company. Benefits under this Section shall be
         payable as soon as administratively practical after termination of
         employment. The form of benefit payment shall be that form selected by
         the Participant pursuant to Section 5.6 below, except that if the
         Participant terminates employment with the Company prior to Retirement,
         the full amount of the Retirement Account shall be paid in a lump sum.

5.2.     WITHDRAWAL ACCOUNT. Subject to the remainder of this Section 5.2, the
         balance of a Participant's Withdrawal Account shall be distributed to
         the Participant upon the date chosen by the Participant in his or her
         Distribution Election that corresponds to his or her first Deferral
         Commitment which designates a portion of the Compensation deferred be
         allocated to the Withdrawal Account; provided, however, that the date
         of payment commencement under this Section shall be no earlier than the
         third anniversary of the Participant's initial deferral into the
         Withdrawal Account. The Participant may subsequently amend the intended
         date of payment to a date later than that date initially chosen by
         filing a new Distribution Election with the Committee no later than 24
         months prior to the initially-chosen date of payment. The

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         Participant may file this amendment to defer the receipt of benefits
         under this Section only twice, and each new Distribution Election must
         provide for a pay-out at a date later than the election in force
         immediately prior to filing such new election. The form of benefit
         payment shall be that form selected by the Participant pursuant to
         Section 5.6 below. Notwithstanding the foregoing, if the Participant
         terminates employment with the Company prior to the date so chosen
         (or as subsequently amended) by the Participant, the balance of the
         Withdrawal Account as of the date of termination of employment shall
         be added to the Retirement Account and shall be paid in accordance
         with the provisions of Section 5.1 above.

5.3.     DISABILITY. If a participant becomes Disabled in accordance with
         Section 2.11 above, distribution of the Participant's Plan benefits
         shall be made in the same manner as if the Participant were to Retire
         on the date he or she commences long-term disability benefits under the
         Company's long-term disability plan.

5.4.     DEATH BENEFIT. Upon the death of a Participant prior to the
         commencement of benefits under this Plan from any Account, the Company
         shall pay to the Participant's beneficiary an amount equal to the
         balance in that Account in a lump sum. In the event of the death of the
         Participant after the commencement of installment payments from any
         Account, the remaining benefits from that Account shall be paid as soon
         as practicable to the Participant's designated Beneficiary in one lump
         sum.

5.5.     HARDSHIP DISTRIBUTIONS. Upon a finding that a Participant has suffered
         a Financial Hardship, the Committee may, in its sole discretion, amend
         the existing Deferral Commitment or make distributions from any or all
         of the Participant's Accounts. The amount of such distribution shall be
         limited to the amount reasonably necessary to meet the Participant's
         needs resulting from the Financial Hardship. If payment is made due to
         Financial Hardship, the Participant's deferrals under this Plan shall
         cease for the period of the Financial Hardship and for 12 months
         thereafter. Any resumption of the Participant's deferrals under the
         Plan after such 12-month period shall be made only at the election of
         the Participant in accordance with Article III above.

5.6.     FORM OF PAYMENT. Unless otherwise specified in this Article V, the
         benefits payable from any Account under this Plan shall be paid in one
         of the forms of benefit payment described below, as specified by the
         Participant in his or her Distribution Election. The most recently
         submitted Distribution Election shall be effective for the entire
         Account balance unless amended in writing by the Participant and
         delivered to the Committee. If the Participant's most recent
         Distribution Election as to the form of payment was made within 24
         months of the time benefits under this Plan become due and payable,
         then the most recent election made by the Participant more than 24
         months prior to the time such benefit becomes due and payable shall be
         used to determine the form of payment. The permitted forms of benefit
         payments are:

         a)       A lump sum amount which is equal to the Account balance; and

         b)       Annual installments for a period of five years (with respect
                  to the Withdrawal Account) or 10 years (with respect to the
                  Retirement Account), where the annual payment shall be equal
                  to the balance of the Account immediately prior to the
                  payment, multiplied by a fraction, the numerator of which is
                  one and the denominator of which is the remaining

                                         11

<PAGE>

                  number of annual payments. Investment Performance on the
                  unpaid Account balance shall be based on the most recent
                  allocation among the available Valuation Funds chosen by
                  the Participant in accordance with Section 4.3 above; except
                  that the interest credited to the Interest Rate Subaccount
                  within the Retirement Account during the pay-out period
                  shall continue to be the rate declared by the Committee in
                  accordance with Section 2.18 above.

5.7.     SMALL ACCOUNTS. If the total of a Participant's unpaid Account balances
         as of the Participant's Retirement is less than $5,000, the remaining
         unpaid Account(s) shall be paid in a lump sum, notwithstanding any
         election by the Participant to the contrary.

5.8.     WITHHOLDING; PAYROLL TAXES. The Company shall withhold from any payment
         made pursuant to this Plan any taxes required to be withheld from such
         payments under local, state or federal law. A Beneficiary, however, may
         elect not to have withholding of federal income tax pursuant to Section
         3405(a)(2) of the Code or any successor provision thereto.

5.9.     PAYMENT TO GUARDIAN. If a Plan benefit is payable to a minor or a
         person declared incompetent or to a person incapable of handling the
         disposition of the property, the Committee may direct payment to the
         guardian, legal representative or person having the care and custody of
         such minor, incompetent or person. The Committee may require proof of
         incompetence, minority, incapacity or guardianship, as it may deem
         appropriate prior to distribution. Such distribution shall completely
         discharge the Committee and the Company from all liability with respect
         to such benefit.

5.10.    EFFECT OF PAYMENT. The full payment of the applicable benefit under
         this Article V shall completely discharge all obligations on the part
         of the Company to the Participant (and the Participant's Beneficiary)
         with respect to the operation of this Plan, and the Participant's (and
         Participant's Beneficiary's) rights under this Plan shall terminate.

                      ARTICLE VI - BENEFICIARY DESIGNATION

6.1.     BENEFICIARY DESIGNATION. Each Participant shall have the right, at any
         time, to designate one or more persons or entity as Beneficiary (both
         primary as well as secondary) to whom benefits under this Plan shall be
         paid in the event of the Participant's death prior to complete
         distribution of the Participant's Account balances. Each Beneficiary
         designation shall be on a written form prescribed by the Committee and
         shall be effective only when filed with the Committee during the
         Participant's lifetime. Designation by a married Participant to the
         Participant's spouse of less than a 50% interest in the Participant's
         benefits shall not be effective unless the spouse executes a written
         consent that acknowledges the effect of the designation, or it is
         established that the consent cannot be obtained because the spouse
         cannot be located.

6.2.     CHANGING BENEFICIARY. Any Beneficiary designation may be changed by an
         unmarried Participant without the consent of the previously named
         Beneficiary by the filing of a new Beneficiary designation with the
         Committee. A married Participant's Beneficiary designation may be
         changed by the Participant with the consent of the Participant's spouse
         as provided for in Section 6.1 above by the filing of a new
         designation, which shall cancel all designations

                                        12

<PAGE>

         previously filed.

6.3.     CHANGE IN MARITAL STATUS. If the Participant's marital status changes
         after the Participant has designated a Beneficiary, the following shall
         apply:

         a)       If the Participant is married at death but was unmarried when
                  the designation was made, the designation shall be void unless
                  the spouse has consented to it in the manner prescribed in
                  Section 6.1 above.

         b)       If the Participant is unmarried at death but was married when
                  the designation was made:

                  i)       The designation shall be void if the spouse was named
                           as Beneficiary.
                  ii)      The designation shall remain valid if a non-spouse
                           Beneficiary was named.

         c)       If the Participant was married when the designation was made
                  and is married to a different spouse at death, the designation
                  shall be void unless the new spouse has consented to it in the
                  manner prescribed in Section 6.1 above.

6.4.     NO BENEFICIARY DESIGNATION. If any Participant fails to designate a
         Beneficiary in the manner provided above, if the designation is void,
         or if the Beneficiary designated by a deceased Participant dies before
         the Participant or before complete distribution of the Participant's
         benefits, the Participant's Beneficiary shall be the person in the
         first of the following classes in which there is a survivor:

         a)       The Participant's surviving spouse;

         b)       The Participant's children in equal shares, except that if any
                  of the children predeceases the Participant but leaves
                  surviving issue, then such issue shall take by right of
                  representation the share the deceased child would have taken
                  if living;

         c)       The Participant's estate.

6.5.     EFFECT OF PAYMENT. Payment to the Beneficiary shall completely
         discharge the Company's obligations under this Plan.

                          ARTICLE VII - ADMINISTRATION

7.1.     COMMITTEE.  The Plan shall be administered by the Committee.

7.2.     POWERS OF THE COMMITTEE. The Committee shall have all powers necessary
         to administer the Plan, including, without limitation, the power to
         interpret the provisions of the Plan, to decide all questions of
         eligibility, to establish rules and forms for the administration of the
         Plan, and to appoint individuals to assist in the administration of the
         Plan and any other agents it deems advisable.

                                       13

<PAGE>

7.3.     ACTIONS OF THE COMMITTEE. All determinations, interpretations, rules,
         and decisions of the Committee with respect to any question arising out
         of or in connection with the administration, interpretation and
         application of the Plan and the rules and regulations promulgated
         hereunder shall be final, conclusive and binding upon all persons
         having or claiming to have any interest or right under the Plan.

7.4.     DELEGATION. The Committee shall have the power to delegate specific
         duties and responsibilities to officers or other employees of the
         Company or to other individuals or entities. The Committee may rescind
         any delegation at any time. Except as otherwise required by law, each
         person or entity to whom a duty or responsibility has been delegated
         shall be responsible for the exercise of such duty or responsibility
         and shall not be responsible for any act or failure to act of any other
         person or entity.

7.5.     INDEMNIFICATION. The Company shall indemnify the members of the
         Committee, the members of the Board and all Company officers and other
         employees responsible for administering the Plan against any and all
         liabilities arising by reason of any act or failure to act made in good
         faith in accordance with the provisions of the Plan. For this purpose,
         liabilities include expenses reasonably incurred in the defense of any
         claim relating to the Plan.

7.6.     REPORTS AND RECORDS. The Committee and those to whom the Committee has
         delegated duties under the Plan shall keep records of all their
         proceedings and actions and shall maintain books of account, records,
         and other data as shall be necessary for the proper administration of
         the Plan and for compliance with applicable law.

                         ARTICLE VIII - CLAIMS PROCEDURE

         If a Participant or his or her beneficiary (hereinafter referred to as
a "Claimant") is denied all or a portion of an expected benefit under the Plan
for any reason, he or she may file a claim with the Committee. Such claim shall
be reviewed by the subcommittee of the Committee that is designated to review
such claims. This subcommittee shall notify the Claimant within 90 days after
receipt of the claim (or within 180 days if special circumstances apply) of
allowance or denial of the claim. If the claim for benefits is denied, in whole
or in part, the Claimant will receive a written explanation of:

         a)       The specific reasons for the denial;

         b)       The specific references to provisions of the Plan document
                  that support those reasons;

         c)       Any additional information that must be provided to improve
                  the claim and the reasons why that information is necessary;
                  and

         d)       The procedures that are available for a further review of the
                  claim.

                                     14

<PAGE>

A Claimant is entitled to request a review of any denial of his or her claim by
the full Committee. The request for review must be submitted within 60 days of
receipt of the denial. Absent a request for review within the 60-day period, the
claim shall be deemed to be conclusively denied. The Claimant or his or her
representatives shall be entitled to review all pertinent documents and to
submit issues and comments in writing as part of any request for review. The
Committee may, but shall not be required to, grant the Claimant a hearing as
part of this review process. The Committee will conduct a full and fair review
of the claim and will notify the Claimant of the decision within 60 days (or 120
days if special circumstances apply). The decision must be in writing and will
include the specific reasons and references to Plan provisions on which the
decision is based. The Committee has the exclusive right and discretion to
interpret the provisions of the Plan, and the entitlement to benefits, and its
decision is conclusive and final and not subject to further review.

                 ARTICLE IX - AMENDMENT AND TERMINATION OF PLAN

9.1.     AMENDMENT. The Board or any duly authorized committee thereof may amend
         the Plan, in full or in part, at any time. However, no amendment shall
         reduce the amount accrued in any Account as of the date such notice of
         the amendment is given.

9.2.     TERMINATION. The Company expects the Plan to be permanent, but
         necessarily must, and does, reserve the right to terminate the Plan, by
         action of the Board, at any time.

         a)       PARTIAL TERMINATION. The Board may partially terminate the
                  Plan by instructing the Committee not to accept any additional
                  Deferral Commitments. If such a partial termination occurs,
                  the Plan shall continue to operate and be effective with
                  regard to Deferral Commitments entered into prior to the
                  effective date of such partial termination. effective date of
                  such partial termination.

         b)       COMPLETE TERMINATION. The Board may completely terminate the
                  Plan by instructing the Committee not to accept any additional
                  Deferral Commitments, and by terminating all ongoing Deferral
                  Commitments. In the event of complete termination, the Plan
                  shall cease to operate and the Company shall distribute each
                  Account to the appropriate Participant.

                            ARTICLE X - MISCELLANEOUS

10.1.    UNFUNDED PLAN. This plan is an unfunded plan maintained primarily to
         provide deferred compensation benefits for a select group of
         "management or highly-compensated employees" within the meaning of
         Sections 201, 301, and 401 of ERISA, and therefore is exempt from the
         provisions of Parts 2, 3 and 4 of Title I of ERISA. Accordingly, the
         Board may terminate the Plan and make no further benefit payments or
         remove certain employees as Participants if it is determined by the
         United States Department of Labor, a court of competent jurisdiction,
         or an opinion of counsel that the Plan constitutes an employee pension
         benefit plan within the meaning of Section 3 (2) of ERISA (as currently
         in effect or hereafter amended) which is not so exempt.

                                      15

<PAGE>

10.2.    COMPANY OBLIGATION. The obligation to make benefit payments to any
         Participant under the Plan shall be an obligation solely of the
         Company.

10.3.    UNSECURED GENERAL CREDITOR. Notwithstanding any other provision of this
         Plan, Participants and Participants' Beneficiaries shall be unsecured
         general creditors, with no secured or preferential rights to any assets
         of the Company or any other party for payment of benefits under this
         Plan. Any property held by the Company for the purpose of generating
         the cash flow for benefit payments shall remain its general, unpledged
         and unrestricted assets. The Company's obligation under the Plan shall
         be an unfunded and unsecured promise to pay money in the future.

10.4.    TRUST FUND. The Company shall be responsible for the payment of all
         benefits provided under the Plan. At its discretion, the Company may
         establish one or more trusts, with such trustees as the Committee may
         approve, for the purpose of assisting in the payment of such benefits.
         Although such a trust shall be irrevocable, its assets shall be held
         for payment of all of the Company's general creditors in the event of
         insolvency. To the extent any benefits provided under the Plan are paid
         from any such trust, the Company shall have no further obligation to
         pay them. If not paid from the trust, such benefits shall remain the
         obligation of the Company.

10.5.    NONASSIGNABILITY. Neither a Participant nor any other person shall have
         any right to commute, sell, assign, transfer, pledge, anticipate,
         mortgage or otherwise encumber, transfer, hypothecate or convey in
         advance of actual receipt the amounts, if any, payable hereunder, or
         any part thereof, which are, and all rights to which are, expressly
         declared to be unassignable and non-transferable. No part of the
         amounts payable shall, prior to actual payment, be subject to seizure
         or sequestration for the payment of any debts, judgments, alimony or
         separate maintenance owed by a Participant or any other person, nor be
         transferable by operation of law in the event of a Participant's or any
         other person's bankruptcy or insolvency.

10.6.    NOT A CONTRACT OF EMPLOYMENT. This Plan shall not constitute a contract
         of employment between the Company and any Participant. Nothing in this
         Plan shall give a Participant the right to be retained in the service
         of the Company or to interfere with the right of the Company to
         discipline or discharge a Participant at any time.

10.7.    PROTECTIVE PROVISIONS. A Participant will cooperate with the Company by
         furnishing any and all information requested by the Company in order to
         facilitate the payment of benefits hereunder, and by taking such
         physical examinations as the Company may deem necessary and taking such
         other action as may be requested by the Company.

10.8.    GOVERNING LAW. The provisions of this Plan shall be construed and
         interpreted according to the laws of the State of Illinois, except as
         preempted by federal law.

10.9.    VALIDITY. If any provision of this Plan shall be held illegal or
         invalid for any reason, said illegality or invalidity shall not affect
         the remaining parts hereof, but this Plan shall be construed and
         enforced as if such illegal and invalid provision had never been
         inserted herein.

                                       16

<PAGE>

10.10.   SUCCESSORS. The provisions of this Plan shall bind and inure to the
         benefit of the Company and its successors and assigns. The term
         successors as used herein shall include any corporate or other business
         entity which shall, whether by merger, consolidation, purchase or
         otherwise, acquire all or substantially all of the business and assets
         of the Company, and successors of any such corporation or other
         business entity.

10.11.   SEVERABILITY. If any provision of the Plan shall be found to be invalid
         or unenforceable by a court of competent jurisdiction, the validity or
         enforceability of the remaining provisions of the Plan shall remain in
         full force and effect.

                                       17<PAGE>

                                                                  EXHIBIT 10.11

                     AMENDED AND RESTATED 364-DAY AGREEMENT

                            DATED AS OF MAY 26, 2000

                  TRUE NORTH COMMUNICATIONS, INC., a Delaware corporation (the
"BORROWER"), the banks, the financial institutions and other institutional
lenders (collectively, the "INITIAL LENDERS") party hereto and CITIBANK, N.A.,
as administrative agent (together with any successor thereto appointed pursuant
to Article VII of the Existing Credit Agreement referred to below, the
"ADMINISTRATIVE AGENT") for the Lenders (as defined in the Existing Credit
Agreement referred to below), hereby agree as follows:

                             PRELIMINARY STATEMENTS

                  (1) The Borrower is party to a 364-Day Credit Agreement dated
as of May 29, 1998, amended and restated as of May 27, 1999 (as further amended,
supplemented or otherwise modified from time to time to (but not including) the
date of this Amendment and Restatement, the "EXISTING CREDIT AGREEMENT") with
the banks, financial institutions and other institutional lenders party thereto
and Citibank, N.A., as Administrative Agent for the Lenders and such other
lenders. Capitalized terms not otherwise defined in this Amendment and
Restatement shall have the same meanings as specified in the Existing Credit
Agreement.

                  (2) The parties to this Amendment and Restatement desire to
amend the Existing Credit Agreement as set forth herein and to restate the
Existing Credit Agreement in its entirety to read as set forth in the Existing
Credit Agreement with the following amendments.

                  (3) The Borrower has requested that the Lenders agree to
extend credit to it from time to time in an aggregate principal amount of up to
$75,000,000 for general corporate purposes of the Borrower and its Subsidiaries
not otherwise prohibited under the terms of this Agreement. The Lenders have
indicated their willingness to agree to extend credit to the Borrower from time
to time in such amount on the terms and conditions of this Amendment and
Restatement.

                  SECTION 1. AMENDMENTS TO THE EXISTING CREDIT AGREEMENT. (a)
Section 1.01 of the Existing Credit Agreement is, effective as of the date of
this Amendment and Restatement and subject to the satisfaction of the conditions
precedent set forth in Section 2, hereby amended by deleting the definitions of
"COMMITMENT" and "REVOLVER TERMINATION DATE" set forth therein and replacing
them, respectively, with the following new definitions thereof:

                  "COMMITMENT" means, with respect to any Lender, the amount set
         forth in US Dollars opposite such Lender's name on Schedule I hereto
         under caption "COMMITMENT" or, if such Lender has entered into an
         Assignment and Acceptance, the amount set forth for such Lender in the
         Register maintained by the Administrative Agent pursuant to Section
         8.07(d) or, if such Lender has entered into an Assumption Agreement,
         the amount set forth as the Commitment of such Lender in its Assumption
         Agreement, in each case as such amount may be reduced pursuant to
         Section 2.05 or increased pursuant to Section 2.16.

                  "REVOLVER TERMINATION DATE" means the earlier of (a) May 25,
         2001, subject to the extension thereof pursuant to Section 2.17 and (b)
         the date of termination in whole of the aggregate Commitments pursuant
         to Section 2.05 or 6.01; PROVIDED, HOWEVER, that the Revolver
         Termination Date of any Lender that is a Non-Consenting Lender to any
         requested extension pursuant to Section 2.17 shall be the Revolver
         Termination Date in effect immediately prior to the applicable
         Extension Date for all purposes of this Agreement.

                  (b) Section 5.02(d)(i) of the Existing Credit Agreement
is amended in full to read as follows:

<PAGE>

                  (i) Investments existing on the date of this
         Agreement and any Investment in Modem Media.Poppe Tyson, Inc.

                  (c) Schedule I to the Existing Credit Agreement is, effective
as of the date of this Amendment and Restatement and subject to the satisfaction
of the conditions precedent set forth in Section 2, deleted in its entirety and
replaced with Schedule I to this Amendment and Restatement.

                  Section 2. CONDITIONS OF EFFECTIVENESS IF THIS AMENDMENT AND
RESTATEMENT. This Amendment and Restatement shall become effective as of the
date first above written (the "RESTATEMENT EFFECTIVE DATE") when and only if:

                  (a) The Administrative Agent shall have received counterparts
of this Amendment and Restatement executed by the Borrower and all of the
Initial Lenders or, as to any of the Initial Lenders, advice satisfactory to the
Administrative Agent that such Initial Lender has executed this Amendment and
Restatement.

                  (b) The Administrative Agent shall have received for the
         benefit of each of the Initial Lenders a fee equal to 0.04% of the
         Commitment of each Initial Lender.

                  (c) The Administrative Agent shall have received on or before
         the Restatement Effective Date the following, each dated such date and
         (unless otherwise specified below) in form and substance satisfactory
         to the Administrative Agent and in sufficient copies for each Initial
         Lender:

                           (i) A certificate of the Secretary or an Assistant
                  Secretary of the Borrower certifying the names and true
                  signatures of the officers of the Borrower authorized to sign
                  this Amendment and Restatement and the Notes, if any, and the
                  other documents to be delivered hereunder by the Borrower.

                           (ii) A favorable opinion of the General Counsel of
                  the Borrower, in form and substance reasonably satisfactory to
                  the Agent.

                  (d) The representations and warranties contained in Section
         4.01 of the Existing Credit Agreement shall be correct on and as of the
         Restatement Effective Date, before and after giving effect to the
         Restatement Effective Date, as though made on and as of such date.

                  (e) No event shall have occurred and be continuing, or shall
         occur as a result of the occurrence of the Restatement Effective Date,
         that constitutes a Default.

                  SECTION 3. REFERENCE TO AND EFFECT ON THE EXISTING CREDIT
       AGREEMENT AND THE NOTES.
(a)    On and after the effectiveness of this Amendment and
       Restatement, each reference in the Existing Credit Agreement
       to "this Agreement", "hereunder", "hereof" or words of like
       import referring to the Existing Credit Agreement, and each
       reference in the Notes to "the Credit Agreement",
       "thereunder", "thereof" or words of like import referring to
       the Existing Credit Agreement, shall mean and be a reference
       to the Existing Credit Agreement, as amended by this Amendment
       and Restatement.

                  (b) The Existing Credit Agreement and the Notes, as
         specifically amended by this Amendment and Restatement, are and shall
         continue to be in full force and effect and are hereby in all respects
         ratified and confirmed.

                  (c) Without limiting any of the other provisions of the
       Existing Credit Agreement, as amended by this Amendment and
       Restatement, any references in the Existing Credit Agreement to the
       phrases "on the date hereof", "on the date of this Agreement" or words
       of similar import shall mean and be a reference to the date of the
       Existing Credit Agreement (which is May 29, 1998).

<PAGE>

                  SECTION 4. COSTS AND EXPENSES. The Borrower agrees to pay on
demand all reasonable out-of-pocket costs and expenses of the Administrative
Agent in connection with the preparation, execution, delivery and
administration, modification and amendment of this Amendment and Restatement,
the Notes and the other documents to be delivered hereunder (including, without
limitation, the reasonable and documented fees and expenses of counsel for the
Administrative Agent with respect hereto and thereto) in accordance with the
terms of Section 8.04 of the Existing Credit Agreement.

                  SECTION 5. EXECUTION IN COUNTERPARTS. This Amendment and
Restatement may be executed in any number of counterparts and by different
parties hereto in separate counterparts, each of which when so executed shall be
deemed to be an original and all of which taken together shall constitute one
and the same agreement. Delivery of an executed counterpart of a signature page
to this Amendment and Restatement by telecopier shall be effective as delivery
of a manually executed counterpart of this Amendment and Restatement.

                  SECTION 6. GOVERNING LAW. This Amendment and Restatement shall
be governed by, and construed in accordance with, the laws of the State of New
York.

                  IN WITNESS WHEREOF, the parties hereto have caused the
Amendment and Restatement to be executed by their respective officers thereunto
duly authorized, as of the date first above written.

                        THE BORROWER

                               TRUE NORTH COMMUNICATIONS INC.

                              By   /s/  Kenneth J. Ashley
                                --------------------------------
                                     Name: Kenneth J. Ashley
                                     Title: VP & Treasurer

                        THE AGENT

                               CITIBANK, N.A.
                                          as Administrative Agent

                              By   /s/  Marjorie Futornick
                                -------------------------------
                                     Name: Marjorie Futornick
                                     Title: Vice President

                        THE INTIAL LENDERS

                              CITIBANK, N.A.

                              By   /s/  Marjorie Futornick
                                --------------------------------
                                     Name: Marjorie Futornick
                                     Title: Vice President

                              BANK ONE, N.A. (Main Office Chicago)

                              By    /s/  Richard T. Bedell
                                ------------------------------------------
                                     Name: Richard T. Bedell
                                     Title: Vice President

<PAGE>

                               BANK OF AMERICA, N.A.

                                By    /s/  Timothy J. Pepowski
                                  ------------------------------------------
                                     Name: Timothy J. Pepowski
                                     Title: Senior Vice President

                                THE CHASE MANHATTAN BANK

                                 By    /s/  Aldo Quini
                                   ------------------------------------------
                                      Name: Aldo Quini
                                      Title: Vice President

                                 THE BANK OF TOKYO-MITSUBISHI, LTD
                                 CHICAGO BRANCH

                                  By   /s/  Hisashi Miyashiro
                                    ------------------------------------------
                                       Name: Hisashi Miyashiro
                                       Title: Deputy General Manager

                                  BANQUE NATIONALE DE PARIS

                                   By   /s/  Arnaud Collin du Bocage
                                     ------------------------------------------
                                        Name: Arnaud Collin du Bocage
                                        Title: Executive VP & General Manager

                                   THE NORTHERN TRUST COMPANY

                                   By    /s/  Nicole Bahm
                                     ------------------------------------------
                                         Name: Nicole Bahm
                                         Title: 2nd Vice President

                                   FLEET BANK, N.A.

                                   By    /s/  Thomas J. Levy
                                     ------------------------------------------
                                          Name: Thomas J. Levy
                                          Title: Vice President

<PAGE>

                   SCHEDULE 1 TO THE AMENDMENT AND RESTATEMENT

                   COMMITMENTS AND APPLICABLE LENDING OFFICES

<TABLE>
<CAPTION>

 NAME OF INITIAL                                                                 EUROCURRENCY LENDING
  LENDER                       COMMITMENT           DOMESTIC LENDING OFFICE            OFFICE
------------------------  ------------------------  ---------------------------  ----------------------------
<S>                      <C>                       <C>                          <C>
Citibank, NA              $18,000,000               Two Penns Way, Suite 200      Two Penns Way, Suite 200
                                                    New Castle, DE 19720          New Castle, DE 19720
                                                    Attn:  Bilal Aman             Attn:  Bilal Aman
                                                    Tel:    (302) 894-6013        Tel:    (302) 894-6013
                                                    Fax:   (302) 894-6120         Fax:   (302) 894-6120

Bank of America, NA       $10,500,000               231 South LaSalle Street      231 South LaSalle Street
                                                    11th Floor                    11th Floor
                                                    Chicago, IL 60697             Chicago, IL 60697
                                                    Attn:  Fred Johnson           Attn:  Fred Johnson
                                                    Tel:  (312) 828-6706          Tel:  (312) 828-6706
                                                    Fax:  (312) 974-1199          Fax:  (312) 974-1199

Bank One, NA (Main        $10,500,000               1 Bank One Plaza              1 Bank One Plaza
Office Chicago)                                     Suite 0088 1-14               Suite 0088 1-14
                                                    Chicago, IL 60670             Chicago, IL 60670
                                                    Attn: Richard Bedell          Attn: Richard Bedell
                                                    Tel:  (312) 732-2413          Tel:  (312) 732-2413
                                                    Fax:  (312) 732-1117          Fax:  (312) 732-1117

The Chase Manhattan Bank  $10,500,000               600 Fifth Avenue              600 Fifth Avenue
                                                    5th Floor                     5th Floor
                                                    New York, NY 10020            New York, NY 10020
                                                    Attn:  Tom Cox                Attn:  Tom Cox
                                                    Tel:  (212) 332-4355          Tel:  (212) 332-4355
                                                    Fax:  (212) 332-4370          Fax:  (212) 332-4370

The Bank of               $7,500,000                227 Monroe Street             227 Monroe Street
Tokyo-Mitsubishi,                                   Suite 2300                    Suite 2300
Ltd., Chicago Branch                                Chicago, IL  60606            Chicago, IL  60606
                                                    Attn:  Diane Tkach            Attn:  Diane Tkach
                                                    Tel:  (312) 696-4663          Tel:  (312) 696-4663
                                                    Fax:  (312) 696-4535          Fax:  (312) 696-4535

Banque Nationale de       $6,000,000                209 South LaSalle Street      209 South LaSalle Street
Paris                                               Chicago, IL 60604             Chicago, IL 60604
                                                    Attn:  Jo Ellen Bender        Attn:  Jo Ellen Bender
                                                    Tel:  (312) 977-2225          Tel:  (312) 977-2225
                                                    Fax:  (312) 977-1380          Fax:  (312) 977-1380

The Northern Trust        $6,000,000                50 South LaSalle Street       50 South LaSalle Street
Company                                             Chicago, IL 60675             Chicago, IL 60675
                                                    Attn:  Henry Gay              Attn:  Henry Gay
                                                    Tel:  (312) 444-3466          Tel:  (312) 444-3466
                                                    Fax:  (312) 444-5055          Fax:  (312) 444-5055

Fleet Bank, NA            $6,000,000                1185 Avenue of the Americas   1185 Avenue of the Americas
                                                    New York, NY 10036            New York, NY 10036
                                                    Attn:  Thomas Levy            Attn:  Thomas Levy
                                                    Tel:  (212) 819-5751          Tel:  (212) 819-5751
                                                    Fax:  (212) 819-4112          Fax:  (212) 819-4112

TOTAL OF COMMITMENTS      $75,000,000

</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00023-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00023-of-00352.parquet"}]]