Document:

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                                                                  Exhibit 10(j)

                BANK OF AMERICA CORPORATION DIRECTORS' STOCK PLAN
               (as amended and restated effective January 1, 2002)

1.   PURPOSE:

     The purpose of the Plan is to enable the Corporation to attract and retain
persons of exceptional ability to serve as directors and to further align the
interests of directors and stockholders in enhancing the value of the Common
Stock. The Plan was originally established effective April 24, 1996 and approved
by the Corporation's stockholders to provide for (i) the payment of shares of
Common Stock to certain of the directors in connection with the partial
termination of the NationsBank Corporation and Designated Subsidiaries
Directors' Retirement Plan and (ii) the payment in Common Stock of a portion of
the Annual Retainer Fee payable to each Nonemployee Director. The Plan is being
amended and restated hereby effective as of January 1, 2002 to add provisions
regarding the annual award of Stock Options to Nonemployee Directors and to
otherwise meet current needs. The Plan shall continue in effect unless and until
terminated by the Board in accordance with Section 10 below.

2.   DEFINITIONS:

     For purposes of the Plan, the following terms shall have the following
     meanings:

     "Annual Retainer Fee" means the annual retainer fee payable to a
      -------------------
Nonemployee Director under the Corporation's compensation policies for directors
in effect from time to time.

     "Board" means the Board of Directors of the Corporation.
      -----

     "Change in Control" means "Change in Control" as defined under the Bank
      -----------------
of America Corporation Key Employee Stock Plan, as the same may be amended from
time to time.

     "Common Stock" means the common stock of the Corporation.
      ------------

     "Corporation" means Bank of America Corporation, a Delaware
      -----------
corporation, and its successors and assigns.

     "Deferral Plan" means the Bank of America Corporation Director Deferral
      -------------
Plan, as the same may be amended from time to time.

     "Effective Date" means the original effective date of the Plan, April
      --------------
24, 1996.

     "Fair Market Value" of a share of Common Stock on any date means the
      -----------------
closing price of a share as reflected in the report of composite trading of New
York Stock Exchange listed securities for that day (or, if no shares were
publicly traded on that day, the immediately preceding day that shares were so
traded) published in The Wall Street Journal [Eastern Edition]
                     -----------------------------------------

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or in any other publication selected by the Board; provided, however, that if
                                                   --------  -------
the shares of Common Stock are misquoted or omitted by the selected
publication(s), the Board shall directly solicit the information from officials
of the stock exchanges or from other informed independent market sources. If
shares of Common Stock shall not have been publicly traded for more than ten
(10) days immediately preceding such date, then the Fair Market Value of a
share shall be determined by the Board in such manner as it shall deem
appropriate.

     "Immediate Family Member" with respect to a Nonemployee Director, means
      -----------------------
(a)  the Nonemployee Director's spouse and lineal descendants (limited to the
Nonemployee Director's children, stepchildren, sons-in-law, daughters-in-law and
grandchildren, including adoptive relationships), (b) a trust for the benefit of
such family members or (c) a partnership, limited liability company or similar
entity in which such family members are the sole owners.

     "Nonemployee Director" means an individual who is a member of the
      --------------------
Board, but who is not an employee of the Corporation or any of its subsidiaries.

     "Payment Date" of an Annual Retainer Fee for a calendar year means the
      ------------
date of the annual meeting of the stockholders of the Corporation during such
calendar year.

     "Plan" means the Bank of America Corporation Directors' Stock Plan as
      ----
set forth herein, as the same may be amended from time to time.

     "Stock Option" means an option to purchase shares of Common Stock
      ------------
granted to a Nonemployee Director under Section 6 herein.

3.   ADMINISTRATION:

     The Board shall be responsible for administering the Plan. The Board
shall have all of the powers necessary to enable it to properly carry out its
duties under the Plan. Not in limitation of the foregoing, the Board shall have
the power to construe and interpret the Plan and to determine all questions that
shall arise thereunder. The Board shall have such other and further specified
duties, powers, authority and discretion as are elsewhere in the Plan either
expressly or by necessary implication conferred upon it. The Board may appoint
such agents as it may deem necessary for the effective performance of its
duties, and may delegate to such agents such powers and duties as the Board may
deem expedient or appropriate that are not inconsistent with the intent of the
Plan. The decision of the Board upon all matters within its scope of authority
shall be final and conclusive on all persons, except to the extent otherwise
provided by law.

4.   SHARES AVAILABLE:

     The maximum number of shares of Common Stock that may delivered under
the Plan shall equal 600,000 (after giving effect to the two-for-one stock split
of the shares effective February 27, 1997). Such shares shall be subject to
adjustment or substitution pursuant to Section 7 herein. If any Stock Option
awarded hereunder is canceled, lapses or is forfeited in accordance with the
provisions of Section 6 herein, then any shares of Common Stock with respect to
such Stock Option shall again be available for delivery under the Plan. In
addition, if

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the exercise price of any Stock Option is satisfied by tendering previously
owned shares of Common Stock pursuant to Section 6 herein, only the net of the
number of shares to be delivered as a result of the exercise of the Stock
Option and of those shares tendered will be deemed delivered for purposes of
determining the maximum number of shares available for delivery under the Plan.
Shares delivered under the Plan may be original issue shares, treasury stock or
shares purchased in the open market or otherwise, all as determined by the
Chief Financial Officer of the Corporation (or the Chief Financial Officer's
designee) from time to time.

5.   SHARES FOR ANNUAL RETAINER FEE:

     Any Annual Retainer Fee payable to a Nonemployee Director on or after
the Effective Date shall be payable sixty percent (60%) in cash and forty
percent (40%) in shares of Common Stock. The total number of shares of Common
Stock to be issued under this Section to a Nonemployee Director with respect to
an Annual Retainer Fee shall be determined by dividing the amount of such Annual
Retainer Fee payable in shares of Common Stock by the Fair Market Value of the
Common Stock on the applicable Payment Date. In no event shall the Corporation
be obligated to issue fractional shares under this Section, but instead shall
pay any such fractional share in cash based on the Fair Market Value of the
Common Stock on the Payment Date. Certificates for the shares of Common Stock
payable under this Section shall be delivered as soon as practicable after the
relevant Payment Date; provided, however, that if a Nonemployee Director has
                       --------  -------
elected to defer an Annual Retainer Fee pursuant to the Deferral Plan, the
shares of Common Stock otherwise issuable under this Plan in connection with
such Annual Retainer Fee shall not be issued and such Nonemployee Director shall
be credited with "Stock Units" to be paid in cash when and as provided for under
the Deferral Plan.

6.   ANNUAL STOCK OPTION AWARDS:

     (a)     Awards at Annual Stockholders Meeting. Each Nonemployee Director
             -------------------------------------
who serves as a director of the Corporation at the close of each annual
stockholders meeting of the Corporation that occurs after January 1, 2002 shall
be awarded a Stock Option effective as of the date of such annual stockholders
meeting subject to the following terms and conditions:

     (i)     The Stock Option shall be a "nonqualified stock option" under the
             Internal Revenue Code.

     (ii)    The number of shares of Common Stock covered by the Stock
             Option shall be four thousand (4,000) (subject to adjustment
             or substitution pursuant to Section 7 herein).

     (iii)   The exercise price per share for the Stock Option shall equal
             the Fair Market Value of a share of Common Stock as of the
             date of the applicable stockholders meeting (subject to
             adjustment pursuant to Section 7 herein).

     (iv)    The Stock Option shall have a term of ten (10) years from the
             date of grant. At the end of such ten (10) year term the Stock
             Option, to the extent not previously exercised, shall expire
             and be canceled.
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     (v)     Except as otherwise provided in this  subparagraph,  the Stock
             Option shall not become vested and exercisable until the first
             anniversary of the grant date. If the Nonemployee Director
             ceases to serve as a Nonemployee Director before the first
             anniversary of the grant date due to the Nonemployee Director's
             death, or if there is a Change in Control prior to the first
             anniversary of the grant date, then the Stock Option shall
             become fully vested as of the date of such death or Change in
             Control, as applicable. If the Nonemployee Director ceases to
             serve as a Nonemployee Director at any time for any reason
             other than death before the earlier of the first anniversary of
             the grant date or a Change in Control, then the Stock Option
             shall become vested pro rata (based on the number of days
             between the grant date and the date of cessation of services
             divided by 365 days), and to the extent the Stock Option is not
             thereby vested it shall be forfeited and canceled as of the
             date of such cessation of services.

     (vi)    The Stock Option, to the extent vested, shall remain exercisable
             until the end of the Stock Option term set forth in
             subparagraph (iv) above regardless of any cessation of
             services by the Nonemployee Director after vesting.

     (vii)   The Stock  Option  shall be  exercised  by the  delivery  of a
             written notice of exercise to the Corporation, setting forth
             the number of shares with respect to which the Stock Option is
             to be exercised, accompanied by full payment for the shares.
             The exercise price due upon exercise of the Stock Option shall
             be payable to the Corporation in full either: (A) in cash or
             its equivalent, or (B) by tendering previously acquired shares
             of Common Stock having an aggregate Fair Market Value at the
             time of exercise equal to the total exercise price (provided
             that the shares which are tendered must have been held by the
             Nonemployee Director for at least six (6) months prior to their
             tender to satisfy the exercise price unless such shares had
             been acquired by the Nonemployee Director on the open market),
             or (C) by a combination of (A) and (B). As soon as practicable
             after receipt of a written notification of exercise and full
             payment, the Corporation shall deliver the shares of Common
             Stock to the Nonemployee Director in an appropriate amount
             based upon the number of shares purchased under the Stock
             Option. Notwithstanding the foregoing, the Nonemployee Director
             may also exercise the Stock Option pursuant to any other method
             of exercise generally available to participants under the Bank
             of America Corporation Key Employee Stock Plan to the extent
             made available under this Plan, including without limitation
             cashless exercises as permitted under Federal Reserve Board's
             Regulation T, subject to applicable securities law restrictions.

     (viii)  Except as otherwise provided by subparagraph (ix) below, the
             Stock Option may not be sold, transferred, pledged, assigned,
             or otherwise alienated or hypothecated, other than by will or by
             the laws of descent and distribution, and the Stock Option shall
             be exercisable during his or her lifetime only by the
             Nonemployee Director.

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     (ix)    Notwithstanding any provision herein to the contrary, the
             Nonemployee Director may transfer any vested Stock Options to
             Immediate Family Members pursuant to an irrevocable election
             by the Nonemployee Director provided that (A) the Stock Option
             will remain subject to all of the terms and conditions of the
             Plan, (B) the Stock Option may not be further assigned or
             transferred by the Immediate Family Member other than in
             connection with the Immediate Family Member's death and (C)
             the Nonemployee Director and the Immediate Family Member may
             be required to sign such certificates or affidavits and must
             comply with such other rules and procedures as may be required
             by the Corporation consistent with any nonqualified stock
             option transfer program as in effect from time to time under
             the Bank of America Corporation Key Employee Stock Plan.

     (x)     To the extent that the Stock Option is exercisable following
             the Nonemployee Director's death, the Stock Option shall be
             exercisable by such person empowered to do so under the
             Nonemployee Director's will, or if the Nonemployee Director
             fails to make a testamentary disposition of the Stock Option
             or shall have died intestate, by the Nonemployee Director's
             executor or other legal representative.

     (xi)    The Nonemployee Director shall have no rights as a stockholder
             of the Corporation with respect to the shares covered by the
             Stock Option except to the extent that shares are issued to
             the Nonemployee Director upon the due exercise of the Stock
             Option.

     (b)     Mid-Year Awards. Effective after the April 2002 annual
             ---------------
stockholders meeting, a Nonemployee Director who first commences services as a
Nonemployee Director other than at an annual stockholders meeting shall be
awarded a Stock Option in connection with such commencement of services on the
same terms and conditions as set forth in paragraph (a) above except as follows:

     (i)     The grant date for the Stock Option shall be the first day of
             the calendar month coincident with or next following the date
             of such commencement of services as a Nonemployee Director;

     (ii)    The exercise price per share for the Stock Option shall equal
             the Fair Market Value of a share of Common Stock on the grant
             date (subject to adjustment pursuant to Section 7 herein); and

     (iii)   The number of shares of Common Stock covered by the Stock
             Option shall be proportionately reduced based on the period
             from the date of commencement of services as a Nonemployee
             Director to the date of the next annual stockholders meeting.

7.   ADJUSTMENTS IN AUTHORIZED SHARES:

     In the event of any change in corporate capitalization, such as a stock
split, or a corporate transaction, such as any merger, consolidation,
separation, including a spin-off, or other distribution of stock or property of
the Corporation, any reorganization (whether or not such

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reorganization comes within the definition of such term in Internal Revenue
Code Section 368) or any partial or complete liquidation of the Corporation,
such adjustment shall be made in the number and class of shares of Common Stock
which may be delivered under the Plan and in the number and class of, and
exercise price for, shares of Common Stock subject to outstanding Stock
Options, as may be determined to be appropriate and equitable by the Board, in
its sole discretion, to prevent dilution or enlargement of rights; provided,
                                                                   --------
however, that the number of shares of Common Stock subject to any Stock Option
-------
shall always be a whole number.

8.   RESALES OF SHARES:

     The Corporation may impose such restrictions on the sale or other
disposition of shares issued under this Plan as the Board deems necessary to
comply with applicable securities laws. Certificates for shares issued under
this Plan may bear such legends as the Corporation deems necessary to give
notice of such restrictions.

9.   COMPLIANCE WITH LAW AND OTHER CONDITIONS:

     No shares shall be issued under this Plan prior to compliance by the
Corporation, to the satisfaction of its counsel, with any applicable laws. The
Corporation shall not be obligated to (but may in its discretion) take any
action under applicable federal or state securities laws (including registration
or qualification of the Plan or the Common Stock) necessary for compliance
therewith in order to permit the issuance of shares hereunder, except for
actions (other than registration or qualification) that may be taken by the
Corporation without unreasonable effort or expense and without the incurrence of
any material exposure to liability.

10.  AMENDMENT, MODIFICATION AND TERMINATION OF THE PLAN:

     The Board shall have the right and power at any time and from time to
time to amend the Plan in whole or in part and at any time to terminate the
Plan; provided, however, that an amendment to the Plan may be conditioned on the
      --------  -------
approval of the stockholders of the Corporation if and to the extent the Board
determines that stockholder approval is necessary or appropriate. The Board
shall not have the authority to cancel outstanding Stock Options and issue
substitute Stock Options in replacement thereof. No termination, amendment, or
modification of the Plan shall adversely affect in any material way any Stock
Option previously granted under the Plan, without the written consent of the
Nonemployee Director holding such Stock Option.

11.  MISCELLANEOUS:

     The Plan shall be construed, administered, regulated and governed in
all respects under and by the laws of the United States to the extent
applicable, and to the extent such laws are not applicable, by the laws of the
state of Delaware. The Plan shall be binding on the Corporation and any
successor in interest of the Corporation.

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                                                                  Exhibit 10(n)

                               AMENDMENT AGREEMENT

     THIS AMENDMENT AGREEMENT (the "Amendment") is made and entered into by and

between BANK OF AMERICA CORPORATION, a Delaware corporation (the "Corporation"),

and BANK OF AMERICA, N.A. (formerly "NationsBank, N.A."), as Trustee under that

certain Irrevocable Trust Agreement established by Hugh L. McColl, Jr., as

Grantor, dated October 2, 1998 (the "Owner").

                              Statement of Purpose
                              --------------------
     Hugh L. McColl, Jr. (the "Executive") is currently serving as a consultant

to the Corporation. The Corporation and the Owner have previously entered into

a Split Dollar Life Insurance Agreement (the "Agreement") pursuant to which the

parties have insured the lives of the Executive and the Executive's spouse, Jane

S. McColl, for the benefit and protection of both the Corporation and the

Executive's family under a Variable Survivorship Life Insurance Policy issued by

John Hancock Variable Life Insurance Company. The Internal Revenue Service, in

Internal Revenue Service Notice 2002-08, has proposed a change in the manner in

which split dollar insurance arrangements will be taxed for federal income tax

purposes effective as of January 1, 2004. However, split dollar insurance

arrangements entered into before January 28, 2002 will be eligible for certain

"grandfathered" treatment with respect to such change. The parties desire to

amend the Agreement in order to allow the Agreement to qualify under the

"grandfathering" provisions of Internal Revenue Service Notice 2002-08 and to

preserve the economic benefits which were contemplated to be delivered pursuant

to the Agreement at the time the Agreement was originally executed.

     NOW, THEREFORE, in consideration of the foregoing statement of purpose

the parties hereto agree as follows:

     1.     The first paragraph of Section 4 of the Agreement is hereby

amended to read as follows:

           "4.   Payment of Premiums.  As a convenience to the parties,  the
                 -------------------
     Corporation  shall pay all premiums under the Policy to the Insurer as and
     when such premiums become due. During the six (6) year period following the
     effective date of the Policy, the Corporation shall pay the full amount of
     the premiums to the Insurer as set forth on Exhibit 2B attached hereto.
                                                 ----------
     Beginning in the sixteenth (16th) year of the Policy, the Corporation shall
     pay premiums under the Policy to the Insurer equal to the economic value of
     the death benefit under the Policy as determined by the Insurer from time
     to time while the Policy

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     remains in effect. Within thirty (30) days of each such premium payment by
     the Corporation during the six (6) year period following the effective date
     of the Policy and within thirty (30) days of each anniversary of the
     effective date of the Policy thereafter, the Owner shall pay to the
     Corporation the economic value of the death benefit under the Policy as
     determined by the Insurer from time to time while the Policy remains in
     effect. A schedule of the premiums to be paid by the Owner based on the
     Insurer's current rates is set forth on Exhibit 2B."
                                             ----------

     2.     The last sentence of Section 10 of the Agreement is hereby amended

to read as follows:

     "If the Owner does not repay the entire amount of the Corporation's
     Interest in the Policy within such sixty (60) day time period, the
     Corporation may enforce its rights under the Collateral Assignment and,
     upon exercise of the Corporation's rights under the Collateral Assignment,
     the Owner shall be liable for any deficiency realized by the Corporation."

     3.     Exhibit 2A attached to the Agreement is hereby deleted in its
            ----------

entirety and replaced by Exhibit 2B attached hereto and all references in the
                         ----------

Agreement to "Exhibit 2" or "Exhibit 2A" shall hereby refer to Exhibit 2B.
              ---------      ----------                        ----------

     4.     Except as expressly or by necessary  implication  amended hereby,

the Agreement shall continue in full force and effect.

     IN WITNESS WHEREOF, the parties have executed this Amendment on January
24, 2002.

BANK OF AMERICA CORPORATION                 BANK OF AMERICA, N.A.

By:   /s/ J. Steele Alphin                  Trustee under the Irrevocable Trust
     ----------------------------
     J. Steele Alphin                       Agreement dated October 2, 1998
     Corporate Personnel Executive
                                            By:  /s/ John T. McElroy
                                               ---------------------------------
     "Corporation"                          Name:  John T. McElroy
                                                  ------------------------------
                                            Title:  Assistant Vice President
                                                  ------------------------------

                                                    "Owner"

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