Document:

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                                                                     EXHIBIT 4.1

                               COMCAST CORPORATION
                           1990 RESTRICTED STOCK PLAN

               (As Amended and Restated, Effective June 21, 1999)

1.   PURPOSE

          The purpose of the Plan is to promote the ability of Comcast
Corporation (the "Company") to retain certain key employees and enhance the
growth and profitability of the Company by providing the incentive of long-term
awards for continued employment and the attainment of performance objectives.

2.   DEFINITIONS

     (a)  "Active Grantee" means each Grantee who is actively employed by a
Participating Company.

     (b)  "Affiliate" means, with respect to any Person, any other person that,
directly or indirectly, is in control of, is controlled by, or is under common
control with, such Person. For purposes of this definition, the term "control,"
including its correlative terms "controlled by" and "under common control with,"
mean, with respect to any Person, the possession, directly or indirectly, of the
power to direct or cause the direction of the management and policies of such
Person, whether through the ownership of voting securities, by contract or
otherwise.

     (c)  "Award" means an award of Restricted Stock granted under the Plan.

     (d)  "Board" means the Board of Directors of the Company.

     (e)  "Change of Control" means any transaction or series of transactions as
a result of which any Person who was a Third Party immediately before such
transaction or series of transactions directly or indirectly owns
then-outstanding securities of the Company having more than 50 percent of the
voting power for the election of directors of the Company.

     (f)  "Code" means the Internal Revenue Code of 1986, as amended.

     (g)  "Comcast Plan" means any restricted stock, stock bonus, stock option
or other compensation plan, program or arrangement established or maintained by
the Company or an Affiliate, including but not limited to this Plan, the Comcast
Corporation 1997 Deferred Stock Option Plan, the Comcast Corporation 1996 Stock
Option Plan and the Comcast Corporation 1987 Stock Option Plan.

     (h)  "Committee" means the Subcommittee on Performance Based Compensation
of the Compensation Committee of the Board.

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     (i)  "Company" means Comcast Corporation, a Pennsylvania corporation,
including any successor thereto by merger, consolidation, acquisition of all or
substantially all the assets thereof, or otherwise.

     (j)  "Date of Grant" means the date on which an Award is granted.

     (k)  "Deceased Grantee" means:

          (i)   A Grantee whose employment by a Participating Company is
                terminated by death; or

          (ii)  A Grantee who dies following termination of employment by a
                Participating Company.

     (l)  "Disabled Grantee" means:

          (i)   A Grantee whose employment by a Participating Company is
                terminated by reason of disability;

          (ii)  A Grantee who becomes disabled (as determined by the Committee)
                following termination of employment by a Participating Company;
                or

          (iii) The duly-appointed legal guardian of an individual described in
                Paragraph 2(l)(i) or 2(l)(ii) acting on behalf of such
                individual.

     (m)  "Election" means a written election on a form provided by the
Committee, filed with the Committee in accordance with Paragraph 8, pursuant to
which a Grantee:

          (i)   Elects, within the time or times specified in Paragraph 8, to
                defer the distribution date of Restricted Stock; and

          (ii)  Designates the distribution date of Restricted Stock.

     (n)  "Eligible Employee" means a management employee of a Participating
Company, as determined by the Committee.

     (o)  "Grantee" means an Eligible Employee who is granted an Award.

     (p)  "Normal Retirement" means a Grantee's termination of employment that
is treated by the Participating Company as a retirement under its employment
policies and practices as in effect from time to time.

     (q)  "Other Available Shares" means, as of any date, the excess, if any of:

          (i)   the total number of Shares owned by a Grantee; over

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          (ii)  the sum of:

                (1)  the number of Shares owned by such Grantee for less than
                     six months; plus

                (2)  the number of Shares owned by such Grantee that has, within
                     the preceding six months, been the subject of a withholding
                     certification pursuant to Paragraph 9(c)(ii) or any similar
                     withholding certification under any other Comcast Plan;
                     plus

                (3)  the number of Shares owned by such Grantee that has, within
                     the preceding six months, been received in exchange for
                     Shares surrendered as payment, in full or in part, of the
                     exercise price for an option to purchase any securities of
                     the Company or an Affiliate under any Comcast Plan, but
                     only to the extent of the number of Shares surrendered;
                     plus

                (4)  The number of Shares owned by such Grantee as to which
                     evidence of ownership has, within the preceding six months,
                     been provided to the Company in connection with the
                     crediting of "Deferred Stock Units" to such Optionee's
                     Account under the Comcast Corporation 1997 Deferred Stock
                     Option Plan.

For purposes of this Paragraph 2(q), a Share that is subject to a deferral
election pursuant to Paragraph 8 or another Comcast Plan shall not be treated as
owned by a Grantee until all conditions to the delivery of such Share have
lapsed. For purposes of Paragraph 9(c), the number of Other Available Shares
shall be determined separately for the Company's Class A Special Common Stock,
par value, $1.00, and for the Company's Class A Common Stock, par value, $1.00.

     (r)  "Parent Company" means all corporations that, at the time in question,
are parent corporations of the Company within the meaning of section 424(e) of
the Code.

     (s)  "Participating Company" means the Company and each of the Parent
Companies and Subsidiary Companies.

     (t)  "Person" means an individual, a corporation, a partnership, an
association, a trust or any other entity or organization.

     (u)  "Plan" means the Comcast Corporation 1990 Restricted Stock Plan, as
set forth herein, and as amended from time to time.

     (v)  "Plan Year" means the 365-day period (or the 366-day period) extending
from January 3 to the next following January 2.

     (w)  "Restricted Stock" means Shares subject to restrictions as set forth
in an Award.

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     (x)  "Retired Grantee" means a Grantee who has terminated employment
pursuant to a Normal Retirement.

     (y)  "Roberts Family." Each of the following is a member of the Roberts
Family:

          (i)   Brian L. Roberts;

          (ii)  a lineal descendant of Brian L. Roberts; or

          (iii) a trust established for the benefit of any of Brian L. Roberts
                and/or a lineal descendant or descendants of Brian L. Roberts.

     (z)  "Rule 16b-3" means Rule 16b-3 promulgated under the 1934 Act, as in
effect from time to time.

     (aa) "Share" or "Shares" means:

          (i)   for all purposes of the Plan, a share or shares of Class A
                Special Common Stock, $1.00 par value, of the Company.

          (ii)  solely for purposes of Paragraphs 2(q) and 9(c), the term
                "Share" or "Shares" also means a share or shares of the
                Company's Class A Common Stock, par value, $1.00.

     (bb) "Subsidiary Companies" means:

          (i)   all corporations that, at the time in question, are subsidiary
                corporations of the Sponsor within the meaning of section 424(f)
                of the Code; and

          (ii)  Jones Intercable, Inc. and all corporations that, at the time in
                question, are subsidiary corporations of Jones Intercable, Inc.
                within the meaning of section 424(f) of the Code.

     (cc) "Terminating Event" means any of the following events:

          (i)   the liquidation of the Company; or

          (ii)  a Change of Control.

     (dd) "Third Party" means any Person, together with such Person's
Affiliates, provided that the term "Third Party" shall not include the Company,
an Affiliate of the Company or any member or members of the Roberts Family.

     (ee) "1933 Act" means the Securities Act of 1933, as amended.

     (ff) "1934 Act" means the Securities Exchange Act of 1934, as amended.

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3.   RIGHTS TO BE GRANTED

          Rights that may be granted under the Plan are rights to Restricted
Stock, which gives the Grantee ownership rights in the Shares subject to the
Award, subject to a substantial risk of forfeiture, as set forth in Paragraph 7,
and to deferred payment, as set forth in Paragraph 8.

4.   SHARES SUBJECT TO THE PLAN

     (a)  Not more than 9,750,000 Shares in the aggregate may be issued under
the Plan pursuant to the grant of Awards, subject to adjustment in accordance
with Paragraph 10. The Shares issued under the Plan may, at the Company's
option, be either Shares held in treasury or Shares originally issued for such
purpose.

     (b)  If Restricted Stock is forfeited pursuant to the term of an Award,
other Awards with respect to such Shares may be granted.

5.   ADMINISTRATION OF THE PLAN

     (a)  Administration. The Plan shall be administered by the Committee.

     (b)  Grants. Subject to the express terms and conditions set forth in the
Plan, the Committee shall have the power, from time to time, to:

          (i)   select those Employees to whom Awards shall be granted under the
                Plan, to determine the number of Shares to be granted pursuant
                to each Award, and, pursuant to the provisions of the Plan, to
                determine the terms and conditions of each Award, including the
                restrictions applicable to such Shares; and

          (ii)  interpret the Plan's provisions, prescribe, amend and rescind
                rules and regulations for the Plan, and make all other
                determinations necessary or advisable for the administration of
                the Plan.

The determination of the Committee in all matters as stated above shall be
conclusive.

     (c)  Meetings. The Committee shall hold meetings at such times and places
as it may determine. Acts approved at a meeting by a majority of the members of
the Committee or acts approved in writing by the unanimous consent of the
members of the Committee shall be the valid acts of the Committee.

     (d)  Exculpation. No member of the Committee shall be personally liable for
monetary damages for any action taken or any failure to take any action in
connection with the administration of the Plan or the granting of Awards
thereunder unless (i) the member of the Committee has breached or failed to
perform the duties of his office, and (ii) the breach or failure to perform
constitutes self-dealing, willful misconduct or recklessness; provided, however,
that the provisions of this Paragraph 5(d) shall not apply to the responsibility
or liability of a member of the Committee pursuant to any criminal statute.

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     (e)  Indemnification. Service on the Committee shall constitute service as
a member of the Board. Each member of the Committee shall be entitled without
further act on his part to indemnity from the Company to the fullest extent
provided by applicable law and the Company' s Articles of Incorporation and
By-laws in connection with or arising out of any action, suit or proceeding with
respect to the administration of the Plan or the granting of Awards thereunder
in which he may be involved by reason of his being or having been a member of
the Committee, whether or not he continues to be such member of the Committee at
the time of the action, suit or proceeding.

6.   ELIGIBILITY

          Awards may be granted only to Eligible Employees, as determined by the
Committee. No Awards shall be granted to an individual who is not an employee of
a Participating Company.

7.   RESTRICTED STOCK AWARDS

          The Committee may grant Awards in accordance with the Plan. The terms
and conditions of Awards shall be set forth in writing as determined from time
to time by the Committee, consistent, however, with the following:

     (a)  Time of Grant. All Awards shall be granted within ten (10) years from
the date of adoption of the Plan by the Board.

     (b)  Shares Awarded. The provisions of Awards need not be the same with
respect to each Grantee. No cash or other consideration shall be required to be
paid by the Grantee in exchange for an Award.

     (c)  Awards and Agreements. A certificate shall be issued to each Grantee
in respect of Shares subject to an Award. Such certificate shall be registered
in the name of the Grantee and shall bear an appropriate legend referring to the
terms, conditions and restrictions applicable to such Award. The Company may
require that the certificate evidencing such Restricted Stock be held by the
Company until all restrictions on such Restricted Stock have lapsed.

     (d)  Restrictions. Subject to the provisions of the Plan and the Award,
during a period set by the Committee commencing with the Date of Grant, which,
for Grantees who are subject to the short-swing profit recapture rules of
section 16(b) of the 1934 Act by virtue of their position as either a director,
officer or holder of more than 10 percent of any class of equity securities of
the Company, shall extend for at least six (6) months from the Date of Grant,
the Grantee shall not be permitted to sell, transfer, pledge or assign
Restricted Stock awarded under the Plan.

     (e)  Lapse of Restrictions. Subject to the provisions of the Plan and the
Award, restrictions upon Shares subject to an Award shall lapse at such time or
times and on such terms and conditions as the Committee may determine and as are
set forth in the Award; provided, however, that the restrictions upon such
Shares shall lapse only if the Grantee on the date of such lapse is, and has
been an employee of a Participating Company continuously from the Date of Grant.
The Award may provide for the lapse of restrictions in installments, as
determined by the

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Committee. The Committee may, in its sole discretion, waive, in whole or in
part, any remaining restrictions with respect to such Grantee's Restricted
Stock.

     (f)  Rights of the Grantee. Grantees may have such rights with respect to
Shares subject to an Award as may be determined by the Committee and set forth
in the Award, including the right to vote such Shares, and the right to receive
dividends paid with respect to such Shares.

     (g)  Termination of Grantee's Employment. A transfer of an Eligible
Employee between two employers, each of which is a Participating Company, shall
not be deemed a termination of employment. In the event that a Grantee
terminates employment with all Participating Companies, all Shares remaining
subject to restrictions shall be forfeited by the Grantee and deemed canceled by
the Company.

     (h)  Delivery of Shares. Except as otherwise provided by Paragraph 8, when
the restrictions imposed on Restricted Stock lapse with respect to one or more
Shares, the Company shall notify the Grantee that such restrictions no longer
apply, and shall deliver to the Grantee (or the person to whom ownership rights
may have passed by will or the laws of descent and distribution) a certificate
for the number of Shares for which restrictions have lapsed without any legend
or restrictions (except those that may be imposed by the Committee, in its sole
judgment, under Paragraph 9(a)). The right to payment of any fractional Shares
that may have accrued shall be satisfied in cash, measured by the product of the
fractional amount times the fair market value of a Share at the time the
applicable restrictions lapse, as determined by the Committee.

8.   DEFERRAL ELECTIONS

          Effective for Awards granted after September 16, 1997, a Grantee may
elect to defer the receipt of Restricted Stock as to which restrictions have
lapsed as provided by the Committee in the Award, consistent, however, with the
following:

     (a)  Deferral Election.

          (i)   Election. Each Grantee shall have the right to defer the receipt
                of all or any portion of the Restricted Stock as to which the
                Award provides for the potential lapse of applicable
                restrictions by filing an Election to defer the receipt of such
                Restricted Stock on a form provided by the Committee for this
                purpose.

          (ii)  Deadline for Deferral Election. No Election to defer the receipt
                of Restricted Stock as to which the Award provides for the
                potential lapse of applicable restrictions shall be effective
                unless it is filed with the Committee on or before the last day
                of the calendar year ending before the first day of the Plan
                Year in which the applicable restrictions may lapse; provided
                that an Election to defer the receipt of Restricted Stock as to
                which the Award provides for the potential lapse of applicable
                restrictions within the same Plan Year as the Plan Year in which
                the Award is granted shall be effective if it is filed with the
                Committee on or before the earlier of (A) the 30th day following
                the Date of Grant or (B) the last day of the

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                month that precedes the month in which the applicable
                restrictions may lapse.

     (b)  Effect of Failure of Restrictions on Shares to Lapse. An Election
shall be null and void if the restrictions on Restricted Stock do not lapse
before the distribution date for such Restricted Stock identified in such
Election by reason of the failure to satisfy any condition precedent to the
lapse of the restrictions.

     (c)  Deferral Period. Except as otherwise provided in Paragraph 8(d), all
Restricted Stock that is subject to an Election shall be delivered to the
Grantee (or the person to whom ownership rights may have passed by will or the
laws of descent and distribution) without any legend or restrictions (except
those that may be imposed by the Committee, in its sole judgment, under
Paragraph 9(a)), on the distribution date for such Restricted Stock designated
by the Grantee on the most recently filed Election. Subject to acceleration or
deferral pursuant to Paragraph 8(d) or Paragraph 11, no distribution may be made
earlier than January 2nd of the second calendar year beginning after the date on
which the applicable restrictions may lapse, nor later than January 2nd of the
tenth calendar year beginning after the date on which the applicable
restrictions may lapse. The distribution date may vary with each separate
Election.

     (d)  Additional Deferral Election.

          (i)   Each Active Grantee who has previously made an Election to
                receive a distribution of part or all of his or her Account, or
                who, pursuant to this Paragraph 8(d)(i) has made an Election to
                defer the distribution date for Restricted Stock for an
                additional period from the originally-elected distribution date,
                may elect to defer the distribution date for a minimum of two
                and a maximum of ten additional years from the
                previously-elected distribution date, by filing an Election with
                the Committee on or before the close of business on June 30 of
                the calendar year preceding the calendar year in which the
                distribution would otherwise be made.

          (ii)  A Deceased Grantee's estate or beneficiary to whom the right to
                payment under the Plan shall have passed may elect to (A) defer
                the distribution date for the Deceased Grantee's Restricted
                Stock for a minimum of two additional years from the date
                payment would otherwise be made (provided that if an Election is
                made pursuant to this Paragraph 8(d)(ii)(A), the Deceased
                Grantee's deferred Restricted Stock shall be distributed in full
                on or before the fifth anniversary of the Deceased Grantee's
                death); or (B) accelerate the distribution date for the Deceased
                Grantee's Restricted Stock from the date payment would otherwise
                be made to January 2nd of the calendar year beginning after the
                Deceased Grantee's death. An Election pursuant to this Paragraph
                8(d)(ii) must be filed with the Committee on or before the close
                of business on (x) the June 30 following the Grantee's death on
                or before May 1 of a calendar year, (y) the 60th day following
                the Grantee's death after May 1 and before November 2 of a
                calendar year or (z) the December 31 following the Grantee's
                death after November 1 of a calendar year. One and only one

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                Election shall be permitted pursuant to this Paragraph 8(d)(ii)
                with respect to a Deceased Grantee.

          (iii) A Disabled Grantee may elect to accelerate the distribution date
                of the Disabled Grantee's Restricted Stock from the date payment
                would otherwise be made to January 2nd of the calendar year
                beginning after the Grantee became disabled. An Election
                pursuant to this Paragraph 8(d)(iii) must be filed with the
                Committee on or before the close of business on the (x) the June
                30 following the date the Grantee becomes a Disabled Grantee if
                the Grantee becomes a Disabled Grantee on or before May 1 of a
                calendar year, (y) the 60th day following the date the Grantee
                becomes a Disabled Grantee if the Grantee becomes a Disabled
                Grantee after May 1 and before November 2 of a calendar year or
                (z) the December 31 following the date the Grantee becomes a
                Disabled Grantee if the Grantee becomes a Disabled Grantee after
                November 2 of a calendar year.

          (iv)  A Retired Grantee may elect to defer the distribution date of
                the Retired Grantee's Restricted Stock for a minimum of two
                additional years from the date payment would otherwise be made
                (provided that if an Election is made pursuant to this Paragraph
                8(d)(iv), the Retired Grantee's Account shall be distributed in
                full on or before the fifth anniversary of the Retired Grantee's
                Normal Retirement). An Election pursuant to this Paragraph
                8(d)(iv) must be filed with the Committee on or before the close
                of business on the later of (x) the June 30 following the
                Grantee's Normal Retirement on or before May 1 of a calendar
                year, (y) the 60th day following the Grantee's Normal Retirement
                after May 1 and before November 2 of a calendar year or (z) the
                December 31 following the Grantee's Normal Retirement after
                November 1 of a calendar year.

     (e)  Status of Deferred Shares. A Grantee's right to delivery of Shares
subject to an Election under this Paragraph 8 shall at all times represent the
general obligation of the Company. The Grantee shall be a general creditor of
the Company with respect to this obligation, and shall not have a secured or
preferred position with respect to such obligation. Nothing contained in the
Plan or an Award shall be deemed to create an escrow, trust, custodial account
or fiduciary relationship of any kind. Nothing contained in the Plan or an Award
shall be construed to eliminate any priority or preferred position of a Grantee
in a bankruptcy matter with respect to claims for wages.

     (f)  Non-Assignability, Etc. The right of a Grantee to receive Shares
subject to an Election under this Paragraph 8 shall not be subject in any manner
to attachment or other legal process for the debts of such Grantee; and no right
to receive Shares hereunder shall be subject to anticipation, alienation, sale,
transfer, assignment or encumbrance.

9.   SECURITIES LAWS; TAXES

     (a)  Securities Laws. The Committee shall have the power to make each grant
of Awards under the Plan subject to such conditions as it deems necessary or
appropriate to comply

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with the then-existing requirements of the 1933 Act and the 1934 Act, including
Rule 16b-3. Such conditions may include the delivery by the Grantee of an
investment representation to the Company in connection with the lapse of
restrictions on Shares subject to an Award, or the execution of an agreement by
the Grantee to refrain from selling or otherwise disposing of the Shares
acquired for a specified period of time or on specified terms.

     (b)  Taxes. Subject to the rules of Paragraph 9(c), the Company shall be
entitled, if necessary or desirable, to withhold the amount of any tax, charge
or assessment attributable to the grant of any Award or lapse of restrictions
under any Award. The Company shall not be required to deliver Shares pursuant to
any Award until it has been indemnified to its satisfaction for any such tax,
charge or assessment.

     (c)  Payment of Tax Liabilities; Election to Withhold Shares or Pay Cash to
Satisfy Tax Liability.

          (i)   In connection with the grant of any Award or the lapse of
                restrictions under any Award, the Company shall have the right
                to (A) require the Grantee to remit to the Company an amount
                sufficient to satisfy any federal, state and/or local
                withholding tax requirements prior to the delivery or transfer
                of any certificate or certificates for Shares subject to such
                Award, or (B) take any action whatever that it deems necessary
                to protect its interests with respect to tax liabilities. The
                Company's obligation to make any delivery or transfer of Shares
                shall be conditioned on the Grantee's compliance, to the
                Company's satisfaction, with any withholding requirement.

          (ii)  Except as otherwise provided in this Paragraph 9(c)(ii), any tax
                liabilities incurred in connection with grant of any Award or
                the lapse of restrictions under any Award under the Plan shall
                be satisfied by the Company's withholding a portion of the
                Shares subject to such Award having a fair market value
                approximately equal to the minimum amount of taxes required to
                be withheld by the Company under applicable law, unless
                otherwise determined by the Committee with respect to any
                Grantee. Notwithstanding the foregoing, the Committee may permit
                a Grantee to elect one or both of the following: (A) to have
                taxes withheld in excess of the minimum amount required to be
                withheld by the Company under applicable law; provided that the
                Grantee certifies in writing to the Company at the time of such
                election that the Grantee owns Other Available Shares having a
                fair market value that is at least equal to the fair market
                value to be withheld by the Company in payment of withholding
                taxes in excess of such minimum amount; and (B) to pay to the
                Company in cash all or a portion of the taxes to be withheld in
                connection with such grant or lapse of restrictions. In all
                cases, the Shares so withheld by the Company shall have a fair
                market value that does not exceed the amount of taxes to be
                withheld minus the cash payment, if any, made by the Grantee.
                The fair market value of such Shares shall be determined based
                on the last reported sale price of a Share on the principal
                exchange on

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                which Shares are listed or, if not so listed, on the NASDAQ
                Stock Market on the last trading day prior to the date of such
                grant or lapse of restriction. Any election pursuant to this
                Paragraph 9(c)(ii) must be in writing made prior to the date
                specified by the Committee, and in any event prior to the date
                the amount of tax to be withheld or paid is determined. An
                election pursuant to this Paragraph 9(c)(ii) may be made only by
                a Grantee or, in the event of the Grantee's death, by the
                Grantee's legal representative. No Shares withheld pursuant to
                this Paragraph 9(c)(ii) shall be available for subsequent grants
                under the Plan. The Committee may add such other requirements
                and limitations regarding elections pursuant to this Paragraph
                9(c)(ii) as it deems appropriate.

10.  CHANGES IN CAPITALIZATION

          The aggregate number of Shares and class of Shares as to which Awards
may be granted and the number of Shares covered by each outstanding Award shall
be appropriately adjusted in the event of a stock dividend, stock split,
recapitalization or other change in the number or class of issued and
outstanding equity securities of the Company resulting from a subdivision or
consolidation of the Shares and/or other outstanding equity security or a
recapitalization or other capital adjustment (not including the issuance of
Shares and/or other outstanding equity securities on the conversion of other
securities of the Company which are convertible into Shares and/or other
outstanding equity securities) affecting the Shares which is effected without
receipt of consideration by the Company. The Committee shall have authority to
determine the adjustments to be made under this Paragraph 10 and any such
determination by the Committee shall be final, binding and conclusive.

11.  TERMINATING EVENTS

          The Committee shall give Grantees at least thirty (30) days' notice
(or, if not practicable, such shorter notice as may be reasonably practicable)
prior to the anticipated date of the consummation of a Terminating Event. The
Committee may, in its discretion, provide in such notice that upon the
consummation of such Terminating Event, any restrictions on Restricted Stock
(other than Restricted Stock that has previously been forfeited) shall be
eliminated, in full or in part. Further, the Committee may, in its discretion,
provide in such notice that notwithstanding any other provision of the Plan or
the terms of any Election made pursuant to Paragraph 8, upon the consummation of
a Terminating Event, all Restricted Stock subject to an Election made pursuant
to Paragraph 8 shall be transferred to the Grantee.

12.  AMENDMENT AND TERMINATION

          The Plan may be terminated by the Board at any time. The Plan may be
amended by the Board or the Committee at any time. No Award shall be affected by
any such termination or amendment without the written consent of the Grantee.

13.  EFFECTIVE DATE

          The effective date of this amendment and restatement of the Plan is
the date on which it is adopted by the Board. The adoption of this amendment and
restatement of the Plan

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and the grant of Awards pursuant to this amendment and restatement of the Plan
is subject to the approval of the shareholders of the Company to the extent that
the Committee determines that such approval (a) is required pursuant to the
By-laws of the National Association of Securities Dealers, Inc., and the
schedules thereto, in connection with issuers whose securities are included in
the NASDAQ National Market System, or (b) is required to satisfy the conditions
on Rule 16b-3. If the Committee determines that shareholder approval is required
to satisfy the foregoing conditions, the Board shall submit the Plan to the
shareholders the Company for their approval at the first annual meeting of
shareholders held after the adoption of the Plan by the Board.

14.  GOVERNING LAW

          The Plan and all determinations made and actions taken pursuant to the
Plan shall be governed in accordance with Pennsylvania law.

          Executed as of the 21st day of June 1999.

                                    COMCAST CORPORATION

                                    BY: /s/ Stanley Wang
                                       -----------------------------------------

                                    ATTEST: /s/ Arthur Block
                                           -------------------------------------

                                      -12-<PAGE>

                                                                     EXHIBIT 4.2

                        PENNSYLVANIA DEPARTMENT OF STATE
                               CORPORATION BUREAU
--------------------------------------------------------------------------------

---------------           Statement with Respect to Shares
Entity Number:             Domestic Business Corporation
278411                         (15 Pa.C.S.(S) 1522)

---------------

------------------------------------------------
Name                                               Document will be returned to
PECO Energy Company                                name and address you enter to
------------------------------------------------   the left.
Address
2301 Market Street
------------------------------------------------
City               State               Zip Code
Philadelphia       PA                  19101
------------------------------------------------
--------------------------------------------------------------------------------

Fee: $52                       -------------------------------------------------

                               Filed in the Department of State on _____________

                               ________________________________________________
                                          Secretary of the Commonwealth

--------------------------------------------------------------------------------

     In compliance with the requirements of 15 Pa.C.S. (S) 1522(b) (relating to
statement with respect to shares), the undersigned corporation, desiring to
state the designation and voting rights, preferences, limitations, and special
rights, if any, of a class or series of its shares, hereby states that:

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1.  The name of the corporation is:
PECO Energy Company
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2.  Check and complete one of the following:

_____ The resolution amending the Articles under 15 Pa.C.S. (S) 1522(b)
      (relating to divisions and determinations by the board), set forth in
      full, is as follows:

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  X   The resolution amending the Articles under 15 Pa.C.S. (S) 1522(b) is set
----- forth in full in Exhibit A attached hereto and made a part hereof.

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3.    The aggregate number of shares of such class or series established and
      designated by (a) such resolution, (b) all prior statements, if any, filed
      under 15 Pa.C.S.(S) 1522 or corresponding provisions of prior law with
      respect thereto, and (c) any other provision of the Articles is __________
      shares.

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<PAGE>

DSCB:15-1522-2

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4.    The resolution was adopted by the Board of Directors or an authorized
      committee thereon on:

_______________________________________________________________________________

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5.    Check, and if appropriate complete, one of the following:

____  The resolution shall be effective upon the filing of this statement with
      respect to shares in the Department of State.

____  The resolution shall be effective on:____________________ at_____________.
                                                   Date                Hour

                                      ------------------------------------------
                                      IN TESTIMONY WHEREOF, the undersigned
                                      corporation has caused this statement to
                                      be signed by a duly authorized officer
                                      thereof this

                                      ______ day of ____________,_________.

                                                PECO Energy Company
                                      ------------------------------------------
                                               Name of Corporation

                                      __________________________________________
                                                     Signature

                                      __________________________________________
                                                       Title

                                      ------------------------------------------

<PAGE>

                                     [LOGO]

                              Department of State
                               Corporation Bureau
                                 P.O. Box 8722
                           Harrisburg, PA 17105-8722
                                 (717) 787-1057
                     website: www.dos.state.pa.us/corp.htm

Instructions for Completion of Form:

A. Typewritten is preferred. If not, the form shall be completed in black or
   blue-black ink in order to permit reproduction. The filing fee for this form
   is $52 made payable to the Department of State.

B. A separate form shall be submitted for each class or series of shares
   affected. If a number of classes or series of shares are affected at the same
   time, consideration should be given to filing form DSCB:15-1915/5915
   (Articles of Amendment-Domestic Corporation).

C. The effective date in Paragraph 5 may not be prior to the filing date, but
   the resolution may state a prior effective date "for accounting purposes
   only."

D. If the corporation was incorporated on or after October 1, 1989, the words
   "or corresponding provisions of prior law" may be omitted from Paragraph 3.

E. This form and all accompanying documents shall be mailed to the address
   stated above.

F. To receive confirmation of the file date prior to receiving the microfilmed
   original, send either a self-addressed, stamped postcard with the filing
   information noted or a self-addressed, stamped envelope with a copy of the
   filing document.

<PAGE>

                                    EXHIBIT A

                        RESOLUTIONS OF BOARD OF DIRECTORS

         RESOLVED, that the Company hereby establishes a series of Preferred
Stock which shall be designated as "     % Preferred Stock", consisting of
shares without par value.

         RESOLVED, that the terms of the      % Preferred Stock, in the respect
in which the shares of such series may vary from shares of the other series of
the Preferred Stock shall be as follows:

                  (a) The dividend rate of      % Preferred Stock shall be     %
per annum, and shall be the date from which dividends shall be cumulative on all
shares issued prior to the record date for the dividend payable .

                  (b) The redemption price of the    % Preferred Stock shall be
$   per share if redeemed on or before     , $      per share if redeemed
thereafter, but on or before      , $       if redeemed thereafter but on or
before        , and $        per share if      redeemed on or after    ,
together, in each case,with a sum equal to accumulated and unpaid dividends,
computed as provided in Section 403 of Article IV of the Company's Amended and
Restated Articles of Incorporation.

                  (c) The amount per share for the     % Preferred Stock payable
to the holders thereof upon any voluntary or involuntary liquidation,
dissolution or winding-up of the Company, to which shall be added a sum equal to
accumulated and unpaid dividends, computed as provided in Section 4 of the
Company's Amended and Restated Articles of Incorporation, shall be $     .

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