Document:

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                                                                EXHIBIT 10(a)(i)

                               FIFTH AMENDMENT TO
                        DEFERRED COMPENSATION AGREEMENT

STATE OF TEXAS      )

COUNTY OF SMITH     )

     This AGREEMENT is entered into by and between Southside Bank of Tyler,
Texas, a Texas banking corporation ("BANK"), and B.G. HARTLEY ("EXECUTIVE"),
whereby it is agreed as follows:

                                  WITNESSETH:

                                       I.

     BANK and EXECUTIVE have heretofore entered into a Deferred Compensation
Agreement which has been amended with the last of such amendment being in
December of 1999. The parties, by this Amendment, agree to enlarge and increase
the Deferred Compensation as herein provided.

                                      II.

     The Board of Directors of BANK has unanimously voted to increase the
deferred compensation of EXECUTIVE by an amount equal to FOUR THOUSAND AND
NO/100 ($4,000.00) DOLLARS per month, which shall be in addition to all other
benefits and payments provided for under the Deferred Compensation Agreement.

                                      III.

     Payment of this additional amount shall commence upon the retirement (as
the term is defined in the Deferred Compensation Agreement) of EXECUTIVE, and
shall continue until EXECUTIVE'S death. However, this additional deferred
compensation shall become vested over a two year term. ONE THOUSAND THREE
HUNDRED

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THIRTY-FOUR AND NO/100 ($1,334.00) DOLLARS shall be and is hereby immediately
vested. On June 30, 2002, an additional ONE THOUSAND THREE HUNDRED THIRTY-THREE
AND NO/100 ($1,333.00) DOLLARS shall vest. After June 29, 2003, the complete
FOUR THOUSAND AND NO/100 ($4,000.00) DOLLARS shall be vested.

                                      IV.

     Except as amended and modified by this Agreement, the parties hereto
reaffirm and ratify the Deferred Compensation Agreement and all prior amendments
thereto.

     EXECUTED as of the 29th day of June, 2001.

                                             SOUTHSIDE BANK

                                             By: /s/ SAM DAWSON
                                                 -----------------------
                                                 SAM DAWSON, President

                                             /s/ B.G. HARTLEY
                                             ---------------------------
                                             B.G. HARTLEY, Executive

                                       2<PAGE>   1
                                                                   EXHIBIT 10(g)

                           POST RETIREMENT AGREEMENT

          This Agreement is entered into by and between Billy G. Hartley
("Executive") and Southside Bank and Southside Bancshares, Inc. ("Employer")
whereby it is agreed as follows:

                                    RECITALS

A.        Southside Bank is a Texas Banking Corporation with its principal
office and place of business in Tyler, Texas, and Executive is currently
serving as the Chief Executive Officer of the bank and has served the bank as
its Chief Executive Officer since the bank commenced business.

B.        Southside Bancshares, Inc., is the holding company that owns all of
the stock of Southside Bank and other related entities and Executive is the
Chief Executive Officer of such corporation and serves as the Chairman of the
Board of Directors of such corporation and has held that position since the
formation of such corporation.

C.        The Board of Directors of both entities have determined that it is
crucial to continue to retain the services, expertise and guidance of Executive
and to provide for an efficient and smooth transition upon the retirement of
Executive.

D.        The Boards of Directors recognize that Executive has developed
extensive relationships with the bank's customers, East Texas civic and
business leaders, banking industry leaders and governmental agencies that are
extremely valuable to the bank.

E.        Both Boards of Directors have unanimously approved both corporations
entering into this Agreement with Executive dealing with and establishing a
mechanism and procedure to ensure the continued guidance and assistance from
Executive.

                                   AGREEMENT

1.        Upon the retirement of Executive, Executive shall resign as an
officer of Employer and shall further resign as Chairman of the Board of
Employer. Executive shall continue to serve on

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both boards as a regular "outside" director and be on all committees but shall
have the title of "Chairman Emeritus".

2.   Upon retirement, Executive shall be employed by Southside Bank as the
Director of Public Relations and in such capacity, Executive shall assist the
bank in its relations with the business community, regulatory community and
legislative organizations and thereby will provide to the bank access to the
knowledge, insight and experience acquired by the Executive during his numerous
years of service. Executive shall determine the work schedule required to
accomplish his duties and shall receive a monthly salary of $1,000.00 per month.

     a. Executive shall receive during the term of this Agreement two (2)
vehicles furnished by the bank and maintained by the bank of similar value to
the two (2) vehicles furnished to Executive prior to retirement. Upon the death
of Executive during the term of this Agreement, Executive's surviving spouse
shall be given the vehicle of her selection.

     b. Executive shall receive membership in two (2) clubs of Executive's
selection and reimbursement for all charges incurred by Executive on behalf of
Employer's business.

     c. Employer shall reimburse Executive for all travel expenses incurred by
Executive on Employer related travel.

     d. Executive shall be furnished an office in the main office in the bank
and an administrative assistant to assist Executive in carrying out his
functions under the terms of this Agreement.

     e. Executive shall continue to be deemed an employee of the bank for
insurance purposes and the insurance benefits available to employees and their
family shall be afforded to Executive.

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3.   Employer recognizes that subsequent corporate action could adversely
affect this Agreement even though Executive has commenced fulfilling his
commitments under the terms of this Agreement. In order to prevent such
inequities and to provide a certainty of benefits even in the event of adverse
corporate action, Employer agrees that in the event of a change of control (the
acquisition by an entity or an affiliated group of sufficient number of shares
of the common stock of Southside Bancshares, Inc. to permit such entity or
affiliated group to gain control of the Board of Directors) and thereafter such
Board of Directors elect to terminate this Agreement or Employer terminates
this agreement without good cause even without a change of control, the
termination of this Agreement shall require the Employer to pay to Executive a
cash payment of SEVEN HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($750,000.00)
in lieu of all further benefits under this Agreement and any damages associated
with the termination of such Agreement.

4.   During the term of this Agreement, Executive shall not engage, directly or
indirectly, in competition with any of the activities of either Employer within
any of the territory in which either does business.

5.   This Agreement is in addition to all prior agreements between Executive
and either of the Employers and shall not be deemed an amendment or
modification of any such agreements. Either party may terminate this Agreement
upon ninety (90) days written notice and upon the death of Executive, this
Agreement shall immediately terminate.

     Dated this 20th day of June, 2001.

                                        SOUTHSIDE BANK

                                        BY: /s/ SAM DAWSON
                                           --------------------------------
                                           SAM DAWSON, PRESIDENT

                                        SOUTHSIDE BANCSHARES, INC.

                                        BY: /s/ SAM DAWSON
                                           --------------------------------
                                           SAM DAWSON, PRESIDENT

                                                 -EMPLOYER-

                                        /s/ BILLY G. HARTLEY
                                        --------------------------------
                                        BILLY G. HARTLEY

                                                 -EXECUTIVE-

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                                                                    EXHIBIT 10.1

                              MANAGEMENT AGREEMENT

       This MANAGEMENT AGREEMENT ("Agreement") is made and entered into as of 1
April 2001 by and between CENTEX DEVELOPMENT COMPANY, L.P., a Delaware limited
partnership (the "Partnership"), and CENTEX HOMES, a Nevada general partnership
("Manager").

                                   WITNESSETH

       The Partnership desires to engage the services of Manager to oversee,
manage and increase in value the investment of Centex Development Company (UK)
Limited, a subsidiary of the Partnership, in Fairclough Homes Group Limited, a
United Kingdom house building company ("Fairclough"). Manager desires to accept
such engagement, upon the terms and subject to the conditions set forth in this
Agreement.

       NOW, THEREFORE, in consideration of the premises and the mutual covenants
set forth herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Partnership and Manager do
hereby agree as follows:

1.     Term of Agreement. The initial term of this Agreement shall extend from
       the date hereof to the close of business on 31 March 2002, provided that
       this Agreement shall continue thereafter for successive one-year terms
       unless either the Manager or the Partnership elects to terminate this
       Agreement upon at least thirty (30) days' written notice to the other
       party prior to 31 March of any year, and, provided further, that this
       Agreement may be sooner terminated in accordance with the provisions of
       Section 13 hereof.

2.     Management Services. Unless the Partnership shall instruct it otherwise,
       Manager shall perform the services hereinafter described in this Section
       2 with respect to Fairclough.

       a.     Oversight of the Operations of Fairclough.

              i.     Enhancement of Value of the Assets of Fairclough. Manager
                     shall use reasonable efforts, working in concert with the
                     employees of Fairclough and of Centex Development Holding
                     Company UK Limited (together the "European Management"), to
                     protect and enhance the value of all assets of Fairclough,
                     including real property, show homes, work in progress,
                     homes under construction, equipment, cash and accounts
                     receivable (the "Assets"). Such efforts shall include, but
                     not be limited to, counseling and participating in
                     strategic planning and the development of (procuring) an
                     annual business plan, and providing oversight of Fairclough
                     operations, including land acquisition and development,
                     construction, warranty repair, marketing, sales and
                     completions.

              ii.    Annual Business Plan. During the fourth quarter of each
                     fiscal year while this Agreement is in effect, each fiscal
                     year commencing 1 April and terminating on the following 31
                     March, Manager will submit to, or will cause (procure) the

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                     submission to, the Partnership for its review and approval
                     of an annual business plan for the upcoming fiscal year.
                     Such annual business plan will be mutually agreed by
                     Manager and Partnership prior to the commencement of the
                     upcoming fiscal year.

              iii.   Expansion of Business. Manager shall use reasonable
                     efforts, working in concert with the European Management,
                     to improve and expand the house building operations of
                     Fairclough, and all collateral operations (herein
                     collectively the "Business"). Among other things,
                     management will provide oversight and strategic planning
                     aid to Fairclough, working in concert with European
                     Management, in order to enhance and expand the Business.

              iv.    Implementation of Business Plan. The Partnership hereby
                     delegates to Manager full authority, working in concert
                     with European Management, to take all actions necessary to
                     carry out on behalf of the Partnership the annual business
                     plan approved by the Partnership for Fairclough, subject to
                     reacting to unforseen changes in the marketplace and other
                     appropriate business adjustments. Although this Agreement
                     contemplates that Manager will work in concert and in
                     conjunction with European Management, the power delegated
                     to Manager in this Agreement includes the power to direct
                     European Management, within the limits of the delegated
                     power.

       b.     General.

              i.     Reporting. Within forty-five (45) days after the end of
                     each calendar quarter, beginning with the quarter ending 30
                     June 2001, Manager shall prepare and deliver to, or shall
                     cause (procure) to be prepared and delivered to, the
                     Partnership a detailed statement of revenues received and
                     expenditures incurred or paid during the calendar quarter
                     by Fairclough.

                     Within ninety (90) days after the end of each calendar
                     year, Manager shall prepare and deliver to, or shall cause
                     (procure) to be prepared and delivered to, the Partnership
                     a detailed statement of revenues received and expenditures
                     incurred or paid during the calendar year by Fairclough.

                     Manager shall furnish, or shall cause (procure) the
                     furnishing, of such additional information as may be
                     reasonably requested by the Partnership from time to time
                     with respect to the financial, physical or operational
                     condition of Fairclough, the Assets and the Business,
                     including quarterly reports on operations and a comparison
                     of the annual business plan to results actually achieved
                     during each quarter. The foregoing reporting requirements
                     will not alter in any material respect the accounting
                     reporting processes which occur typically within ten (10)
                     working days following the close of each quarter under
                     which Fairclough provides its financial results for
                     inclusion within the financial statements of the
                     Partnership.

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              ii.    Bookkeeping. All bookkeeping, clerical and other general
                     and administrative expenses (including but not limited to
                     costs of office supplies and equipment, data processing
                     services, postage, transportation for managerial personnel,
                     telephone services, hotel accommodation, travel,
                     subsistence, entertaining and other communication services)
                     shall be borne by Manager out of its own funds.
                     Notwithstanding the foregoing, the portion of the
                     bookkeeping, clerical and other general and administrative
                     expenses that is reasonably allocable to the performance by
                     Manager of its duties and obligations under this Agreement
                     shall be borne by the Partnership and shall be paid to
                     Manager upon demand, but not more frequently than every
                     three (3) months. Compensation for such services performed
                     by the Manager, including insurance costs described in
                     Section 11 below, shall be paid directly to Manager from
                     the resources of the Partnership.

              iii.   Statutory Compliance. Manager shall perform its duties
                     hereunder in full compliance with all applicable laws and
                     regulations of the United Kingdom and all subparts thereof.

3.     Additional Services. Manager shall provide such additional tax,
       accounting, bookkeeping, clerical, financial reporting, legal and similar
       services to the Partnership relative to Fairclough as may from time to
       time be reasonably requested by the Partnership.

4.     Authority of Manager to Act on General Instructions. The authority
       granted to Manager, working in conjunction with the European Management,
       by the terms of this Agreement shall be deemed to include the authority
       to take, without further authorization from the Partnership, such
       specific actions as may be reasonably necessary or appropriate in
       connection with the performance by Manager of its duties and obligations
       under this Agreement and the carrying out of the instructions given to it
       by the Partnership in accordance with this Agreement, notwithstanding the
       fact that such actions may not have been specifically authorized by the
       provisions of this Agreement or by the Partnership. However, unless
       contemplated in the current business plan, Manager may not take any of
       the following actions without the prior written consent of Partnership:

       a.     sell or transfer all or a substantial part of any of the business,
              assets or undertaking of Fairclough;

       b.     resolve that Fairclough be wound up voluntarily in circumstances
              where such winding up would be a voluntary winding up under the
              United Kingdom Insolvency Act 1986;

       c.     require the employees of Fairclough to devote significant time or
              attention otherwise than to the business of Fairclough;

       d.     allow any goods and/or services purchased by Fairclough to be used
              otherwise than exclusively for the benefit of Fairclough;

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       e.     consolidate or merge the businesses carried on by Fairclough with
              any other entity;

       f.     change the Auditors of Fairclough;

       g.     allow Fairclough to incur or enter into any agreement or
              commitment involving any capital expenditure in excess
              of(pound)500,000 per item and(pound)1,500,000 in aggregate in any
              one financial year;

       h.     increase the indebtedness of Fairclough in excess of(pound)2
              million per transaction and in excess of(pound)5 million in
              aggregate in any one financial year;

       i.     allow Fairclough to acquire or agree to acquire or dispose of or
              agree to dispose of any material asset or material stocks or enter
              into or amend any material contract or arrangement which in
              aggregate or per item involves consideration, expenditure or
              liabilities in excess of (pound)5 million in any one financial
              year.

       j.     allow Fairclough to acquire or agree to acquire any share, shares
              or other interest in any company, partnership or joint venture
              (other than the establishment of joint venture management
              companies) which would have a material impact on Fairclough's
              business;

       k.     except in the ordinary course of its business including, without
              limitation, normal debt recovery actions, allow Fairclough to
              initiate, compromise, settle, release, discharge or compound
              litigation or arbitration proceedings or a liability, claim,
              action, demand or dispute or waive all rights in relation to
              litigation or arbitration proceedings in excess of (pound)350,000
              per action and in excess of (pound)750,000 in aggregate in any one
              fiscal year;

       l.     take any steps directly or indirectly to cause Fairclough to cease
              carrying on its business or to change the nature of its business
              in a manner which its directors should reasonably have been aware
              would have a material adverse effect on the operating profits of
              the business;

       m.     take or omit to take any steps directly or indirectly which would
              affect (or by omission would affect) adversely the ability of
              European Management to operate effectively its business during the
              term of this Agreement or its ability to maximize operating
              profits from its business.

5.     Use of Affiliates. Manager shall have the right to hire any affiliate of
       Manager or the European Management to perform any services in connection
       with the operation, management or development of Fairclough, provided,
       however, that the fees paid to any affiliate of Manager or the European
       Management for such services shall be similar to fees charged by
       nonaffiliate entities providing the same or similar services on an arms
       length basis.

6.     Liability of Manager. Manager shall not be liable, responsible or
       accountable in damages or otherwise to the Partnership for any act
       performed by Manager on behalf of the Partnership and

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       in a manner reasonably believed by Manager to be within the scope of the
       authority granted to it by this Agreement and in the best interests of
       the Partnership, provided that Manager was not guilty of gross negligence
       or willful or wanton misconduct with respect to such act.

7.     Indemnification. The Partnership shall indemnify, save harmless and
       defend Manager and each of Manager's partners and its and their
       shareholders, directors, officers, employees, agents, attorneys, insurers
       and any affiliate of Manager hired or authorized by Manager pursuant to
       the terms of this Agreement to perform any services in connection with
       the operation, management or development of the Assets and the Business
       (individually, an "Indemnitee") against any and all losses, damages,
       liabilities, judgments, fines, penalties, amounts paid in settlement and
       expenses (including reasonable attorneys' fees), including losses,
       damages, liabilities, judgments, fines, penalties, amounts paid in
       settlement and expenses (including reasonable attorneys' fees) incurred
       as the result of the NEGLIGENCE OF ANY INDEMNITEE, arising out of or in
       connection with anything done or omitted by such Indemnitee in connection
       with the performance by Manager of its duties and obligations under this
       Agreement, provided that such Indemnitee's conduct did not constitute
       gross negligence or willful or wanton misconduct.

       Manager agrees that if the Partnership defaults under this Agreement, the
       Partnership's liability under this Agreement will be limited to its
       interest in Fairclough. Manager waives any rights it may have to seek
       recourse for such obligations against the partners, members, officers,
       employees, directors, or shareholders of the Partnership or against any
       other assets or interests of the Partnership (other than its interest in
       Fairclough).

       The terms of this Section 7 shall survive, and remain in effect
       following, the termination of this Agreement.

8.     Reimbursement of Manager. Manager shall in no event be required to
       advance any of its own funds for the payment of the costs and expenses
       that it is authorized by this Agreement to pay. If, however, Manager
       shall at any time advance any of its own funds in payment of such costs
       and expenses (which Manager shall have the right but not the obligation
       to do), Manager may submit an invoice to the Partnership for the amount
       of such advance (which invoice shall describe in reasonable detail the
       costs and expenses so paid by Manager and shall be accompanied by the
       receipt(s) for such payment), and the Partnership shall pay such amount
       to Manager within ten (10) days after its receipt of such invoice and
       accompanying receipts. If the Partnership fails to make such payment
       within such ten (10) day period, the amount so owing by the Partnership
       to Manager, if Manager so elects, shall bear interest from and after the
       day on which Manager paid such costs and expenses on behalf of the
       Partnership until such amount has been paid in full at a rate equal to
       the lesser of the prime rate announced or published by Bank of America
       (or its successor) from time to time or the maximum rate of interest
       permitted under applicable law.

9.     Insurance. Manager may (but shall not be obligated to) maintain, at the
       expense of the Partnership, a program of insurance approved by the
       Partnership, which program may include,

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       without limitation, such insurance as Manager shall deem prudent to
       protect against liability of Manager that may be occasioned by its
       activities under this Agreement. Manager shall not make any material
       change in such program of insurance without the prior written consent of
       the Partnership (which consent shall not be unreasonably withheld or
       delayed), unless such change does not result in an increase in the
       potential liability of the Partnership in any respect.

       Unless otherwise specifically authorized by the Partnership, Manager
       shall obtain the insurance authorized by this Section 10 from the
       insurance carriers that currently provide similar types of insurance
       coverage to Centex Corporation and its subsidiary companies, and, to the
       extent practicable, Manager shall, in lieu of obtaining separate
       insurance coverage, be added as an insured under the policies
       constituting the program of insurance maintained by the Partnership
       (which program, as in effect on the date hereof, is hereby approved by
       the Partnership for purposes of this Section 10), whether such policies
       were obtained directly by the Partnership or through Centex Corporation
       or its subsidiary corporations. Manager shall provide to the Partnership,
       promptly after obtaining any insurance policy pursuant to this Section 10
       (other than a policy under which the Partnership is also an insured), a
       description, in reasonable detail, of the terms and provisions of such
       policy.

       Manager shall give written notice to the Partnership of the expiration or
       anticipated termination of any insurance policy maintained by Manager in
       connection with its performance of this Agreement at least fifteen (15)
       days before such expiration or anticipated termination. Manager shall not
       be liable to the Partnership or its general partner or to any other
       person for damages, including consequential damages, for its failure to
       obtain or maintain adequate insurance coverage.

10.    Compensation.

       a.     Management Fee. Manager shall receive a fee for its services under
              this Agreement of $1,000 per month, which shall be paid by the
              Partnership to Manager within five (5) days after the end of each
              month.

       b.     Additional Compensation. It is understood that all actions taken
              by Manager pursuant to the provisions of this Agreement shall be
              on behalf and for the sole benefit of the Partnership and that
              Manager shall not be entitled to any compensation for such actions
              except as expressly provided in this Agreement. Notwithstanding
              the foregoing, the Partnership shall negotiate with Manager from
              time to time in good faith regarding the payment by the
              Partnership to Manager of, and shall pay to Manager, reasonable
              additional compensation for the efforts taken or to be taken by
              Manager pursuant to the provisions of this Agreement that the
              parties agree have resulted or will result in the enhancement of
              the value of the Assets or the Business; provided, however, that
              any such payments shall be approved in advance by the Board of
              Directors of 3333 Development Corporation, General Partner of the
              Partnership.

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11.    Assignment and Subcontracting. This Agreement shall be binding upon and
       inure to the benefit of the parties hereto and their respective
       successors and assigns; provided, however, that this Agreement may not be
       assigned by either party without the prior written consent of the other
       party hereto. Any consent granted by either party to an assignment by the
       other party shall not be deemed a consent to any subsequent assignment.
       Notwithstanding the foregoing, Manager may, without the consent of the
       Partnership, assign and delegate the performance of, and the
       responsibility for, all but not less than all of the duties and
       obligations of Manager hereunder to any corporation, firm, joint venture
       or partnership fifty percent (50%) or more of whose voting stock (or its
       equivalent) is owned directly or indirectly by, or which is otherwise
       controlled by, Centex Corporation. Upon execution of any such assignment
       and delegation, notice thereof in the form of an executed copy of the
       document or instrument effecting such assignment and delegation shall be
       delivered promptly by Manager to the Partnership and Manager shall be
       released from any further obligation or responsibility under this
       Agreement for the performance of the duties and obligations so assigned
       and delegated.

12.    Termination. This Agreement may be terminated by any of the following
       methods:

       a.     By notice of Manager or Partnership, as provided in Section 1
              hereof.

       b.     By written agreement of the parties hereto.

       c.     If the Partnership breaches any of the terms of this Agreement, or
              if Manager breaches any of the terms of this Agreement, then the
              other party hereto shall give the breaching party written notice
              of such breach. If the breaching party fails to remedy the breach
              within thirty (30) days after receiving such notice, the other
              party may terminate this Agreement.

       d.     If either party hereto shall be dissolved and its business
              terminated, this Agreement shall automatically terminate upon the
              effectiveness of such dissolution.

       e.     By Manager if there is a detachment from Centex Corporation common
              stock of the ownership interests in the Partnership and 3333
              Holding Corporation which are presently held by a nominee for and
              on behalf of the holders of Centex Corporation common stock, and
              such stock and ownership interests no longer trade in tandem.

       No termination of this Agreement shall have the effect of terminating
       Manager's right to collect any amounts owed to it under this Agreement.

       Within ninety (90) days following the termination of this Agreement,
       Manager shall deliver to the Partnership the originals of all books,
       accounts and records in its possession or under its control pertaining to
       Fairclough. The Manager may, at its expense, retain copies of any such
       documents.

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13.    Notices. Any notice, statement or demand required or permitted to be
       given under this Agreement shall be in writing and shall be personally
       delivered, sent by mail, or sent by telegram or telex, confirmed by
       letter, addressed to the party in the manner and at the address shown
       below, or at such other address as the party shall have designated in
       writing to the other party:

       To the Partnership:

              Centex Development Company, L.P.
              c/o 3333 Development Corporation
              2728 N. Harwood
              Dallas, Texas 75201
              Attention: President

       To Manager:

              Centex Homes
              2728 N. Harwood
              Dallas, Texas 75201
              Attention: Chairman and CEO

14.    Nature of Relationship. The parties hereto intend that Manager's
       relationship to the Partnership shall be that of an independent
       contractor. Nothing contained in this Agreement shall constitute or be
       construed to be or create a partnership or joint venture between Manager
       and the Partnership or their successors or assigns, and neither Manager
       nor any officer or employee of Manager shall be considered at any time to
       be an employee of the Partnership.

15.    Amendments. This Agreement cannot be amended, changed or modified except
       by another agreement in writing, duly signed by both parties hereto.

16.    Entire Agreement. This Agreement constitutes the entire agreement between
       the parties with respect to the subject matter hereof, and supersedes in
       its entirety the Management Agreement previously made between the parties
       as of 1 October 2000, which agreement is hereby cancelled and terminated.

17.    Headings. The section headings contained herein are for convenience of
       reference only and are not intended to define, limit or describe the
       scope or intent of any provision of this Agreement.

18.    Governing Law. This Agreement shall be construed and interpreted in
       accordance with the laws of the State of Texas.

19.    Severability. Any provision of this Agreement that is prohibited or
       unenforceable under the laws of any jurisdiction shall be ineffective in
       such jurisdiction to the extent necessary to

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       render such provision valid and enforceable, and if such provision cannot
       be rendered valid and enforceable in such jurisdiction by limitation it
       shall be ineffective therein. The invalidity or unenforceability of any
       provision of this Agreement shall not render invalid or unenforceable any
       other provision of this Agreement.

       IN WITNESS WHEREOF, the Partnership and Manager have duly executed this
Agreement as of the day and year first set forth above.

CENTEX DEVELOPMENT COMPANY, L.P.

By 3333 Development Corporation
      General Partner

By: /s/ STEPHEN M. WEINBERG
       Stephen M. Weinberg
       President and CEO

CENTEX HOMES
----------

By Centex Real Estate Corporation, General Partner

By: /s/ TIMOTHY R. ELLER
       Timothy R. Eller
       Chairman and CEO

----------

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