Document:

<PAGE>

                                                                   EXHIBIT 10.16

SPLIT-DOLLAR AGREEMENT

   THIS AGREEMENT made and entered into as of this 30th day of November, 1999,
by and between American Software, Inc., a Georgia corporation (hereinafter
referred to as the "Corporation"), and James Michael Edenfield as trustee of
the J & N Edenfield Trust dated December 23, 1998 (hereinafter referred to as
the "Trustee").

   WITNESSETH THAT:

   WHEREAS, James C. Edenfield is employed by the Corporation as its President
and Chief Executive Officer (the "Employee"); and

   WHEREAS, the Corporation wishes to provide life insurance protection for the
Employee in the event of the his death during the terms of this Agreement, and
death benefits to the Trustee; and

   WHEREAS, the Corporation would like to acquire certain variable universal
life insurance on the life of the Employee in the initial face amount of
$2,043,952 and a term insurance policy in the initial face amount of $1,114,931
(total face amount of $3,158,883) which is described in Exhibit "A" attached
hereto and by this reference made apart hereof (collectively, the "Policy") to
be issued by National Life of Vermont National Life Insurance Company (the
"Insurer").

   NOW, THEREFORE, in consideration of the premises and of the mutual promises
contained herein, the parties hereto agree as follows:

     1. Ownership of Policy. The Corporation shall be the sole and absolute
  owner of the Policy, and may exercise all ownership rights granted to the
  owner thereof by the terms of the Policy, except as may otherwise be
  provided herein.

     2. Beneficiary Designation. The Trustee may select the settlement option
  for payment of the death benefit provided under the Policy and the Trustee
  shall be the beneficiary to receive the portion of Policy proceeds in
  excess of the amount the Corporation is entitled to hereunder, by
  specifying the same in the beneficiary designation provision of the Policy.
  During the term of this Agreement, the amount the Corporation is entitled
  to shall be paid in one lump sum to the Corporation in an amount equal to
  the Corporation's basis in the Policy (the "Corporation's Premium
  Reimbursement"); the Corporation shall not terminate, alter or amend such
  designation without the express written consent of the Trustee. The parties
  hereto agree to take all action necessary to cause the beneficiary
  designation and settlement election provisions of the Policy to conform to
  the provisions hereof.

     3. Policy Dividends. Any dividend declared on the Policy shall be
  applied to purchase paid-up additional insurance on the life of the
  Employee. The parties hereto agree that the dividend election provisions of
  the Policy shall conform to the provisions hereof.

     4. Payment of Premiums. On or before the due date of each Policy
  premium, or within the grace period provided therein, the Corporation shall
  pay to the Insurer the full amount of such premium, and shall, upon request
  promptly furnish the Trustee evidence of timely payment of such premium.

     5. Employee Compensation Portion. The excess of the premium payment over
  the annual cost of the current life insurance protection on the life of the
  Employee (measured by the lower of the PS 58 rate, set forth in Rev. Rul.
  55-747, 1955-2, C.B. 228 or the corresponding applicable provision premium
  rate for annual renewable term insurance for standard risks) shall be
  included in the Employee's income for federal income tax purposes and
  reported to the Employee on federal tax form W-2.

     6. Designation of Policy Beneficiary/Endorsement. As of the execution
  date of the Agreement, the Corporation has executed a beneficiary
  designation form and/or an endorsement to the Policy, under the form used
  by the Insurer for such designations or endorsements; such beneficiary
  designation or
<PAGE>

  endorsement shall not be terminated, altered or amended by the Corporation,
  without the express written consent of the Trustee. The parties hereto
  agree to take all action necessary to cause such beneficiary designation or
  endorsement to conform to the provisions of this Agreement.

     7. Limitations on Corporation's Rights in Policy. Except as otherwise
  provided herein, the Corporation shall not surrender or cancel the Policy,
  change the beneficiary designation provisions thereof, nor change the
  dividend election thereof without, in any such case, the express written
  consent of the Trustee;

     8. Collection of Death Proceeds and Amount that the Trustee is Entitled
  to Collect.

       a. Upon the death of the Employee, the Corporation shall cooperate
    with the Trustee to take all action necessary to obtain the death
    benefit provided under the Policy; when such benefit has been collected
    and paid as provided herein, this Agreement shall thereupon terminate.

       b. Upon the death of the Employee, the Trustee shall have the
    unqualified right to receive a portion of such death benefit equal to
    the cash surrender value of the Policy, determined immediately prior to
    the date of death and, reduced by the Corporation's Premium
    Reimbursement, in the manner provided in the beneficiary designation
    provision of the Policy; the Corporation's Premium Reimbursement shall
    be paid to the Corporation.

     9. Termination of Agreement. This Agreement shall terminate during the
  Employee's lifetime, without notice, upon the occurrence of any of the
  following events: (a) the total cessation of the business of the
  Corporation; (b) the bankruptcy, receivership or dissolution of the
  Corporation; or (c) the termination of Employee's employment by the
  Corporation (other than by reason of his death). In the event of the
  termination of this Agreement, either the Trustee or the Employee may
  purchase the Policy from the Corporation for the Corporation's Premium
  Reimbursement.

     10. Insurer Not a Party. The Insurer shall be fully discharged from its
  obligations under the Policy by payment of the Policy death benefit to the
  beneficiary or beneficiaries named in the Policy, subject to the terms and
  conditions of the Policy. In no event shall the Insurer be considered a
  party to this Agreement, or any modification or amendment hereof. No
  provision of this Agreement, nor of any modification or amendment hereof,
  shall in any way be construed as enlarging, changing, varying or in any
  other way affecting the obligations of the Insurer as expressly provided in
  the Policy, except insofar as the provisions hereof are made a part of the
  Policy by the beneficiary designation executed by the Corporation and filed
  with the Insurer in connection herewith.

     11. Named Fiduciary. In the event that this Agreement is deemed to be an
  Employee Welfare Benefit Plan, as such term is used in the Employee
  Retirement Income Security Act, the Corporation is designated the named
  fiduciary. The named fiduciary shall have the authority to control and
  manage the operation of this Agreement. The Corporation shall thereafter
  make all determinations concerning rights to benefits under this Agreement.
  Any decision by the Corporation denying a claim by the beneficiary for
  benefits under this Agreement shall be in writing and delivered or mailed
  to the Trustee. Such decision shall state the specific reasons for the
  denial. The Corporation shall afford a reasonable opportunity for a full
  and fair review of the decision denying such claim.

     12. Amendment. This Agreement may not be amended, altered or modified,
  except by a written instrument signed by the parties hereto, or their
  respective successors or assigns, and may not be otherwise terminated
  except as provided herein.

     13. Binding Effect. This Agreement shall be binding upon and inure to
  the benefit of the Corporation and its successors and assigns, and the
  Trustee, its successors and assigns.

     14. Notices. Any notice, consent or demand required or permitted to be
  given under the provisions of this Agreement shall be in writing, and shall
  be signed by the party giving or making the same. If such notice, consent,
  or demand is mailed to a party hereto, it shall be sent by United States
  certified mail, postage prepaid, addressed to such party's last known
  address as shown on the records of the Corporation. The date of such
  mailing shall be deemed the date of notice, consent or demand.
<PAGE>

     15. Governing Law. This Agreement, and the rights of the parties
  hereunder, shall be governed by and construed in accordance with the laws
  of the State of Georgia.

   IN WITNESS WHEREOF, the parties hereto have executed this Agreement, in
duplicate, as of the day and year first above written.

                                          American Software, Inc.

                                              /s/ Vincent C. Klinges
                                          By: _________________________________
                                              CFO
                                          Its: ________________________________

ATTEST:

/s/ James McGuone
_________________________________
Secretary

                                          /s/ James Michael Edenfield
                                          _____________________________________
                                          James Michael Edenfield
                                          Trustee

                                          /s/ James C. Edenfield
                                          _____________________________________
                                          James C. Edenfield

<PAGE>

   The following life insurance policy is subject to the attached Split-Dollar
Agreement:

    Insurer: NATIONAL LIFE OF VERMONT NATIONAL LIFE INSURANCE COMPANY

    Insured: JAMES C. EDENFIELD

    Policy Number: C01000101

    Face Amount:  Universal Life--$2,043,952 Term Life--$1,114,931

    Date of Issue: August 1, 1999<PAGE>

                                                                   EXHIBIT 10.41

<TABLE>
<CAPTION>
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               United States Bankruptcy Court                                             VOLUNTARY PETITION               (part 1)
Eastern        District of  Arkansas
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>
 Name of Debtor (if Individual, enter Last, First, Middle)       NAME OF JOINT DEBTOR (Spouse) (Last, First, Middle)
Capitol Development of Arkansas, Inc.
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 ALL OTHER NAMES used by the debtor in the last 6 years          ALL OTHER NAMES used by the joint debtor in the last 6 years
 (including married, maiden and trade names)                     (include married, maiden and trade names)

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 SOC. SEC./TAX I.D. NO. (if more than one, state all)            SOC. SEC./TAX I.D. NO. (if more than one, state all)

#75-2528276
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STREET ADDRESS OF DEBTOR (No. and street, city, state, zip)      STREET ADDRESS OF JOINT DEBTOR ((No. and street, city, state, zip)

10605 C Maumelle Boulevard
Maumelle, AR 72113            -----------------------------------                                -----------------------------------
                              COUNTY OF RESIDENCE OR                                             COUNTY OF RESIDENCE OR
                              PRINCIPAL PLACE OF BUSINESS                                        PRINCIPAL PLACE OF BUSINESS

                              Pulaski
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MAILING ADDRESS OF DEBTOR (if different from street address)     MAILING ADDRESS OF JOINT DEBTOR (if different from street address)

P. O. Box 13246
Maumelle, AR 72113
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LOCATION OF PRINCIPAL ASSETS OF BUSINESS DEBTOR                  NAME OF ATTORNEY    Geoffrey B. Treece
(if different from addresses listed above)
                                                                 ADDRESS   410 W. Third Street, Suite D
                                                                           Little Rock, AR 72201
N/A                                                              PHONE     (501) 370-9406
                                                                 BAR NO.   84-146
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                                   Information Regarding the Debtor (Check the Applicable Boxes)
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VENUE (Check any applicable boxes)

[X]  Debtor has been domiciled or has had a residence, principal place of business, or principal assets in this District for 180
     days immediately preceding the date of this petition or for a longer part of such 180 days than in any other District.

[_]  There is a bankruptcy case concerning debtor's affiliate, general partner, or partnership pending in this District.
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Type of Debtor (Check all boxes that apply)                      Chapter or Section of Bankruptcy Code Under Which
                                                                 the Petition is Filed (Check one box)
[_]  Individual(s)     [_]  Railroad
                                                                 [_]  Chapter 7      [X]  Chapter 11       [_]  Chapter 13
[X]  Corporation       [_]  Stockbroker
                                                                 [_]  Chapter 9      [_]  Chapter 12
[_]  Partnership       [_]  Commodity Broker
                                                                 [_]  Sec. 304 - Case ancillary to foreign proceeding
[_]  Other _____________________________
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Nature of Debts (Check one box)                                  Filing Fee (Check one box)

[_]  Consumer/Non-Business    [X]  Business                      [X]  Full Filing Fee attached
-----------------------------------------------------------------
Chapter 11 Small Business (Check all boxes that apply)           [_]  Filing Fee to be paid in installments (Applicable to
[_]  Debtor is a small business as defined in 11 U.S.C. (S) 101       individuals only)
[_]  Debtor is and elects to be considered a small business           Must attach signed application for court's consideration
     under 11 U.S.C. (S) 1121(e) (Optional)                           certifying that the debtor is unable to pay fee except in
                                                                      installments. Rule 1006(b). See Official Form No. 3.
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Statistical/Administrative Information (Estimates only)                                                     THIS SPACE IS FOR
                                                                                                              COURT USE ONLY
[_]  Debtor estimates that funds will be available for distribution
     to unsecured creditors.

[_]  Debtor estimates that, after any exempt property is excluded and                                             [Stamp]
     administrative expenses paid, there will be no funds available
     for distribution to unsecured creditors.
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Estimated Number of Creditors  1-15    16-49    50-99   100-199   200-999  1000-over
                                [_]     [_]      [_]      [_]       [_]       [_]

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Estimated Assets

$0        $50,001    $100,001   $500,001     $1,000,001    $10,000,001   $50,000,001    More
to        to         to         to           to            to            to             than
$50,000   $100,000   $500,000   $1 million   $10 million   $50 million   $100 million   $100 million

 [_]        [_]        [_]         [_]           [_]          [_]            [_]           [_]
----------------------------------------------------------------------------------------------------
Estimated Debts

$0        $50,001    $100,001   $500,001     $1,000,001    $10,000,001   $50,000,001    More
to        to         to         to           to            to            to             than
$50,000   $100,000   $500,000   $1 million   $10 million   $50 million   $100 million   $100 million

 [_]        [_]        [_]         [_]           [_]          [_]            [_]           [_]
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</TABLE>
<PAGE>

<TABLE>
<S>                                                             <C>
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VOLUNTARY PETITION (part 2)                                     Name of Debtor(s)
  (This page must be completed in every case)                   Capitol Development of Arkansas, Inc.
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                    Prior Bankruptcy Case Filed Within Last 6 Years (if more than one, attach additional sheet)
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Location:                                                       Case Number:                             Date Filed:

Date Filed:
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   Pending Bankruptcy Case filed by any Spouse, Partner or Affiliate of this Debtor (if more than one, attach additional sheet)
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Name of Debtor:                                                 Case Number:                             Date Filed:

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District:                                                       Relationship:                            Judge:

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                                                          Signatures
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     Signature(s) of Debtor(s) (individual/Joint)                         Signature(s) of Debtor (Corporation/Partnership)

I declare under penalty of perjury that the information provided      I declare under penalty of perjury that the information
in this petition is true and correct.                                 provided in this petition is true and correct, and that I have
(If petitioner is an individual whose debts are primarily consumer    been authorized to file this petition on behalf of the debtor.
debts and has chosen to file under chapter 7) I am aware that I may
proceed under chapter 7, 11, 12 or 13 of title 11, United States      The debtor requests relief in accordance with the chapter of
Code, understand the relief available under each such chapter, and    title 11, United States Code, specified in this petition.
choose to proceed under chapter 7.

I request relief in accordance with the chapter of title 11,
United States Code, specified in this petition.                              /s/ Michael G. Todd
                                                                             -------------------------------------------------------
                                                                             Signature of Authorized Individual
  X  _________________________________________________________
     Signature of Debtor                                                     Michael G. Todd
                                                                             -------------------------------------------------------
                                                                             Printed Name of Authorized Individual
  X  _________________________________________________________
     Signature of Joint Debtor                                               President
                                                                             -------------------------------------------------------
                                                                             Title of Authorized Individual
     _________________________________________________________
     Telephone Number (if not represented by attorney)
                                                                             July 21, 2000
     _________________________________________________________               -------------------------------------------------------
     Date                                                                    Date
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                Signature of Attorney                                          Signature of Non-Attorney Petition Preparer

      /s/ Geoffrey B. Treece                                          I certify that I am a bankruptcy petition preparer as defined
     ---------------------------------------------------------        in 11 U.S.C. (S) 110. that I prepared this document for
     Signature of Attorney for Debtor(s)                              compensation, and that I have provided the debtor with a
                                                                      copy of this document.
     Geoffrey B. Treece
     ---------------------------------------------------------
     Printed Name of Attorney for Debtor(s)
                                                                             _______________________________________________________
     Treece Phillips LLP                                                     Printed Name of Bankruptcy Petition Preparer
     ---------------------------------------------------------
     Firm Name
                                                                             _______________________________________________________
     410 W. Third St., Suite D                                               Social Security Number
     ---------------------------------------------------------
     Address

     Little Rock, AR 72201
     ---------------------------------------------------------               _______________________________________________________
                                                                             Address

     (501) 370-9406
     ---------------------------------------------------------
     Telephone Number
                                                                             _______________________________________________________
                                                                             Names and Social Security numbers of all other
     July 21, 2000                                                           individuals who prepared or assessed in preparing this
     ---------------------------------------------------------               document.
     Date
------------------------------------------------------------------
                          Exhibit A
     (To be completed if debtor is required to file periodic
     reports (e.g., forms 10K and 10Q) with the Securities and
     Exchange Commission pursuant to Section 13 or
     15(d) of the Securities Exchange Act of 1934 and is              If more than one person prepared this document, attach
     requesting relief under chapter 11)                              additional sheets conforming to the appropriate official
                                                                      form for each person.
 [_] Exhibit A is attached and made a part of this petition.
------------------------------------------------------------------
                          Exhibit B
             (To be completed if debtor is an individual                     _______________________________________________________
             whose debts are primarily consumer debts)                       Signature of Bankruptcy Petition Preparer
 I, the attorney for the petitioner named in the foregoing petition,
 declare that I have informed the petitioner that (he or she) may
 proceed under chapter 7, 11, 12 or 13 of title 11, United States            _______________________________________________________
 Code, and have explained the relief available under each such               Date
 chapter.

                                                                      A bankruptcy petition preparer's failure to comply with the
  X  _______________________________________________________          provisions of title 11 and the Federal Rules of Bankruptcy
     Signature of Attorney for Debtor(s)      Date                    Procedures may result in fines or imprisonment or both, 11
                                                                      U.S.C. (S)110, 16 U.S.G. (S) 156.

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</TABLE>
<PAGE>

                      IN THE UNITED STATES BANKRUPTCY COURT
                          EASTERN DISTRICT OF ARKANSAS
                              LITTLE ROCK DIVISION

IN RE: CAPITOL DEVELOPMENT OF ARKANSAS,            CASE NO.________________
       INC.                                        (CHAPTER 11)
       DEBTOR-IN-POSSESSION

                               SCHEDULE OF CLAIMS
                               ------------------

     Debtor.  Capitol  Development  of  Arkansas,  Inc.,  hereby files a list of
creditors  and their  addresses,  pursuant  to Rule  1007,  Rules of  Bankruptcy
Procedure.

                             Bank of Little Rock
                             Pete Maris, President
                             200 N. State Street
                             Little Rock, AR 72201

                             Capitol Communities Corporation
                             25550 Hawthorne Boulevard, Suite 207
                             Torrance, CA 90505

                             Davister Corporation
                             Attn.: F. Terry Shumate
                             10670 N. Central Expressway, Suite 640
                             Dallas, TX 75231

                             First Arkansas Valley Bank
                             Roy Reaves, President
                             5101 North Arkansas
                             Russellville, AR 72$(11

                             Hardin & Grace, P.A.
                             410 W. Third Street, Suite 200
                             Little Rock, AR 72201

                             Ron A. Hope
                             211 S. Spring Street
                             Little Rock, AR 72201-2479

<PAGE>

                             Maumelle Enterprises
                             P. 0. Box 13256
                             MaumelIe, AR 72113

                             Pulasld County Treasurer
                             Administration Building
                             242 S. Broadway, suite 150
                             Little Rock, AR 72201

                             Resure, Inc.
                             C/o Special Deputy Receiver
                             222 Merchandise Mart Plaza
                             Suite 1450
                             Chicago, IL 60654

     Debtor reserves all objections and defenses to the claims set forth in this
Schedule, including all objections to liability for and amount of claims..

                                                      CAPITOL DEVELOPMENT OF
                                                      ARKANSAS, INC.

                                                      By: /s/ Michael G. Todd
                                                         -----------------------
                                                      Michael G. Todd, President

                                                      Date: 7/21/00
                                                           ---------------------

                                       2
<PAGE>

                      IN THE UNITED STATES BANKRUPTCY COURT
                          EASTERN DISTRICT OF ARKANSAS
                              LITTLE ROCK DIVISION

IN RE: CAPITOL DEVELOPMENT OF ARKANSAS,            CASE NO.________________
       INC.                                        (CHAPTER 11)
       DEBTOR-IN-POSSESSION

                   LIST OF TWENTY LARGEST UNSECURED CREDITORS
                   ------------------------------------------

     Come now the Debtor,  Capitol  Development  of  Arkansas,  Inc.,  Debtor-in
Possession,  by and through their attorneys,  Treece Phillips LLP, and for their
List of Twenty  Largest  Unsecured  Creditors  pursuant  to Rule  1107(d) of the
Bankruptcy  Rules of  Procedure,  list the  following  creditors,  addresses and
claims:

                            (a)   Davister Corporation
                                  Attn: F. Terry Shumate
                                  10670 N. Central Expressway, Suite 640
                                  Dallas, TX 75231
                            (b)   $ 200,000.00 plus interest

                            (a)   Hardin & Grace, P.A.
                                  410 W. Third Street, Suite 200
                                  Little Rock, AR 72201

                            (b)   Undetermined

                            (a)   MaumeIie Enterprises
                                  P. 0. Box 13256
                                  Maumelle, AR 72113
                            (b)   $60,703.06

     Debtor reserves all objections and defenses to the claims set forth in this
Schedule, including all objections to liability for and amount of claims.

                                       1
<PAGE>

                                 CAPITOL DEVELOPMENT OF ARKANSAS,
                                 INC.

                                 By: /s/ Michael G. Todd
                                    ----------------------------
                                 Michael G. Todd, President

                                 Date: 7/21/00
                                      ---------------------------

                                 Respectfully submitted,

                                 TREECE PHILLIPS LLP

                                 By: /s/ Geoffrey B. Treece
                                    -----------------------------
                                 Geoffrey B. Treece
                                 Arkansas Bar No. 84-146
                                 410 W. Third Street, Suite D
                                 Little Rock, AR 72201
                                 Telephone (501) 370-9406
                                 Facsimile (501) 376-6337

                                       2

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