Document:

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                                                                   EXHIBIT 10.07

                                HNC SOFTWARE INC.

                        1995 EMPLOYEE STOCK PURCHASE PLAN

                             As Adopted May 4, 1995
  As Amended January 23, 1998, March 18, 1999, March 30, 2000, January 1, 2001
                               and January 1, 2002

         1.       ESTABLISHMENT OF PLAN. HNC Software Inc., a Delaware
corporation (the "COMPANY"), proposes to grant options for purchase of the
Company's Common Stock, $0.001 par value, to eligible employees of the Company
and its Subsidiaries (as hereinafter defined) pursuant to this Employee Stock
Purchase Plan (this "PLAN"). For purposes of this Plan, "PARENT CORPORATION" and
"SUBSIDIARY" (collectively, "SUBSIDIARIES") shall have the same meanings as
"parent corporation" and "subsidiary corporation" in Sections 424(e) and 424(f),
respectively, of the Internal Revenue Code of 1986, as amended (the "CODE"). The
Company intends this Plan to qualify as an "employee stock purchase plan" under
Section 423 of the Code (including any amendments to or replacements of such
Section), and this Plan shall be so construed. Any term not expressly defined in
this Plan but defined for purposes of Section 423 of the Code shall have the
same definition herein. A total of 1,527,147 shares of the Company's Common
Stock is reserved for issuance under this Plan. In addition, on each January 1,
the aggregate number of shares of the Company's Common Stock reserved for
issuance under this Plan shall be increased automatically by a number of shares
equal to one percent (1%) of the total outstanding shares of the Company as of
the immediately preceding December 31; provided, however, that the automatic
annual increase shall not operate to increase the shares available for issuance
under the Plan above 15,000,000 Shares which is the maximum number of Shares
available for issuance under the Plan.. Such Share numbers shall be subject to
adjustments effected in accordance with Section 14 of this Plan. Such number
shall be subject to adjustments effected in accordance with Section 14 of this
Plan.

         2.       PURPOSE. The purpose of this Plan is to provide employees of
the Company and Subsidiaries designated by the Board of Directors of the Company
(the "BOARD") as eligible to participate in this Plan with a convenient means of
acquiring an equity interest in the Company through payroll deductions, to
enhance such employees' sense of participation in the affairs of the Company and
Subsidiaries, and to provide an incentive for continued employment.

         3.       ADMINISTRATION. This Plan shall be administered by a committee
appointed by the Board (the "COMMITTEE") consisting of at least two (2) members
of the Board, each of whom is a Disinterested Person as defined in Rule 16b-3(d)
of the Securities Exchange Act of 1934 (the "EXCHANGE ACT"). As used in this
Plan, references to the "Committee" shall mean either such committee or the
Board if no committee has been established. After registration of the Company
under the Exchange Act, Board members who are not Disinterested Persons may not
vote on any matters affecting the administration of this Plan, but any such
member may be counted for determining the existence of a quorum at any meeting
of the Board. Subject to the provisions of this Plan and the limitations of
Section 423 of the Code or any successor provision in the Code, all questions of
interpretation or application of this Plan shall be determined by the Board and
its decisions shall be final and binding upon all participants. Members of the
Board shall receive no compensation for their services in connection with the
administration of this Plan, other than standard fees as established from time
to time by the Board for services rendered by Board members serving on Board
committees. All expenses incurred in connection with the administration of this
Plan shall be paid by the Company.

         4.       ELIGIBILITY. Any employee of the Company or the Subsidiaries
is eligible to participate in an Offering Period (as hereinafter defined) under
this Plan except the following:

                  (a) employees who are not employed by the Company or
Subsidiaries one (1) month before the beginning of such Offering Period;

                  (b) employees who are customarily employed for less than
twenty (20) hours per week;

                  (c) employees who are customarily employed for less than five
(5) months in a calendar year;
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                                                               HNC Software Inc.
                                               1995 Employee Stock Purchase Plan
                                              As Amended Through January 1, 2002

                  (d) employees who, together with any other person whose stock
would be attributed to such employee pursuant to Section 424(d) of the Code, own
stock or hold options to purchase stock possessing five percent (5%) or more of
the total combined voting power or value of all classes of stock of the Company
or any of its Subsidiaries or who, as a result of being granted an option under
this Plan with respect to such Offering Period, would own stock or hold options
to purchase stock possessing five percent (5%) or more of the total combined
voting power or value of all classes of stock of the Company or any of its
Subsidiaries.

         5.       OFFERING DATES. The offering periods of this Plan (each, an
"OFFERING PERIOD") shall be of twelve (12) months duration commencing on
February 1 and August 1 of each year and ending on January 31 and July 31,
respectively, thereafter; provided, however, that notwithstanding the foregoing,
the first such Offering Period shall commence on the first business day after
the date on which the registration statement filed by the Company with the
Securities and Exchange Commission ("SEC") under the Securities Act of 1933, as
amended (the "SECURITIES ACT") registering the initial public offering of the
Company's Common Stock is declared effective by the SEC (the "FIRST OFFERING
DATE") and shall end on January 31, 1996. Each Offering Period shall consist of
two (2) six-month purchase periods (individually, a "PURCHASE PERIOD") during
which payroll deductions of the participants are accumulated under this Plan.
The first business day of each Offering Period is referred to as the "OFFERING
DATE". The last business day of each Purchase Period is referred to as the
"PURCHASE DATE". The Board shall have the power to change the duration of
Offering Periods or Purchase Periods with respect to future offerings without
stockholder approval if such change is announced at least fifteen (15) days
prior to the scheduled beginning of the first Offering Period or Purchase Period
to be affected.

         6.       PARTICIPATION IN THIS PLAN. Eligible employees may become
participants in an Offering Period under this Plan on the first Offering Date
after satisfying the eligibility requirements by delivering a subscription
agreement to the Company's treasury department (the "TREASURY DEPARTMENT") not
later than the 15th day of the month before such Offering Date unless a later
time for filing the subscription agreement authorizing payroll deductions is set
by the Board for all eligible employees with respect to a given Offering Period.
An eligible employee who does not deliver a subscription agreement to the
Treasury Department by such date after becoming eligible to participate in such
Offering Period shall not participate in that Offering Period or any subsequent
Offering Period unless such employee enrolls in this Plan by filing a
subscription agreement with the Treasury Department not later than the 15th day
of the month preceding a subsequent Offering Date. Once an employee becomes a
participant in an Offering Period, such employee will automatically participate
in the Offering Period commencing immediately following the last day of the
prior Offering Period unless the employee withdraws or is deemed to withdraw
from this Plan or terminates further participation in the Offering Period as set
forth in Section 11 below. Such participant is not required to file any
additional subscription agreement in order to continue participation in this
Plan.

         7.       GRANT OF OPTION ON ENROLLMENT. Enrollment by an eligible
employee in this Plan with respect to an Offering Period will constitute the
grant (as of the Offering Date) by the Company to such employee of an option to
purchase on the Purchase Date up to that number of shares of Common Stock of the
Company determined by dividing (a) the amount accumulated in such employee's
payroll deduction account during such Purchase Period by (b) the lower of (i)
eighty-five percent (85%) of the fair market value of a share of the Company's
Common Stock on the Offering Date (but in no event less than the par value of a
share of the Company's Common Stock), or (ii) eighty-five percent (85%) of the
fair market value of a share of the Company's Common Stock on the Purchase Date
(but in no event less than the par value of a share of the Company's Common
Stock); provided, however, that the number of shares of the Company's Common
Stock subject to any option granted pursuant to this Plan shall not exceed the
lesser of (a) the maximum number of shares set by the Board pursuant to Section
10(c) below with respect to the applicable Offering Period, or (b) the maximum
number of shares which may be purchased pursuant to Section 10(b) below with
respect to the applicable Offering Period. The fair market value of a share of
the Company's Common Stock shall be determined as provided in Section 8 hereof.

         8.       PURCHASE PRICE. The purchase price per share at which a share
of Common Stock will be sold in any Offering Period shall be eighty-five percent
(85%) of the lesser of:

                  (a) The fair market value on the Offering Date; or

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                  (b) The fair market value on the Purchase Date;

provided, however, that in no event may the purchase price per share of the
Company's Common Stock be below the par value per share of the Company's Common
Stock.

                  For purposes of this Plan, the term "FAIR MARKET VALUE" on a
given date shall mean the fair market value of the Company's Common Stock as
determined by the Board in its sole discretion, exercised in good faith;
provided, however, that where there is a public market for the Common Stock, the
fair market value per share shall be the average of the last reported bid and
asked prices of the Common Stock on the last trading day prior to the date of
determination (or the average closing price over the number of consecutive
trading days preceding the date of determination as the Board shall deem
appropriate), or, in the event the Common Stock is listed on a stock exchange or
on the Nasdaq National Market, the fair market value per share shall be the
closing price on such exchange or quotation system on the last trading date
prior to the date of determination (or the average closing price over the number
of consecutive trading days preceding the date of determination as the Board
shall deem appropriate); and provided further, that notwithstanding the
foregoing, the fair market value of the Company's Common Stock on the First
Offering Date (which is the first business day of the first Offering Period
under this Plan) shall be deemed to be the price per share at which shares of
the Company's Common Stock are initially offered for sale to the public in the
Company's initial public offering of its Common Stock pursuant to a registration
statement filed with the SEC under the Securities Act

         9.       PAYMENT OF PURCHASE PRICE; CHANGES IN PAYROLL DEDUCTIONS;
ISSUANCE OF SHARES.

                  (a)      The purchase price of the shares is accumulated by
regular payroll deductions made during each Offering Period. The deductions are
made as a percentage of the participant's compensation in one percent (1%)
increments not less than two percent (2%), nor greater than ten percent (10%) or
such lower limit set by the Committee. Compensation shall mean all W-2
compensation, including, but not limited to base salary, wages, commissions,
overtime, shift premiums and bonuses, plus draws against commissions; provided,
however, that for purposes of determining a participant's compensation, any
election by such participant to reduce his or her regular cash remuneration
under Sections 125 or 401(k) of the Code shall be treated as if the participant
did not make such election. Payroll deductions shall commence on the first
payday following the Offering Date and shall continue to the end of the Offering
Period unless sooner altered or terminated as provided in this Plan.

                  (b)      A participant may lower (and, effective for Offering
Periods commencing on or after February 1, 1998, increase) the rate of payroll
deductions during an Offering Period by filing with the Treasury Department a
new authorization for payroll deductions, in which case the new rate shall
become effective for the next payroll period commencing more than fifteen (15)
days after the Treasury Department's receipt of the authorization and shall
continue for the remainder of the Offering Period unless changed as described
below. Such change in the rate of payroll deductions may be made at any time
during an Offering Period, but not more than one (1) change may be made
effective during any Offering Period. A participant may increase or decrease the
rate of payroll deductions for any subsequent Offering Period by filing with the
Treasury Department a new authorization for payroll deductions not later than
the 15th day of the month before the beginning of such Offering Period.

                  (c)      All payroll deductions made for a participant are
credited to his or her account under this Plan and are deposited with the
general funds of the Company. No interest accrues on the payroll deductions. All
payroll deductions received or held by the Company may be used by the Company
for any corporate purpose, and the Company shall not be obligated to segregate
such payroll deductions.

                  (d)      On each Purchase Date, so long as this Plan remains
in effect and provided that the participant has not submitted a signed and
completed withdrawal form before that date which notifies the Company that the
participant wishes to withdraw from that Offering Period under this Plan and
have all payroll deductions accumulated in the account maintained on behalf of
the participant as of that date returned to the participant, the Company shall
apply the funds then in the participant's account to the purchase of whole
shares of Common Stock reserved under the option granted to such participant
with respect to the Offering Period to the extent that such option is
exercisable on the Purchase Date. The purchase price per share shall be as
specified in Section 8 of this Plan. Any cash remaining in a participant's
account after such purchase of shares shall be refunded to such participant in
cash, without interest. In the

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                                                               HNC Software Inc.
                                               1995 Employee Stock Purchase Plan
                                              As Amended Through January 1, 2002

event that this Plan has been oversubscribed, all funds not used to purchase
shares on the Purchase Date shall be returned to the participant, without
interest. No Common Stock shall be purchased on a Purchase Date on behalf of any
employee whose participation in this Plan has terminated prior to such Purchase
Date.

                  (e)      As promptly as practicable after the Purchase Date,
the Company shall arrange the delivery to each participant of a certificate
representing the shares purchased upon exercise of his option.

                  (f)      During a participant's lifetime, such participant's
option to purchase shares hereunder is exercisable only by him or her. The
participant will have no interest or voting right in shares covered by his or
her option until such option has been exercised. Shares to be delivered to a
participant under this Plan will be registered in the name of the participant or
in the name of the participant and his or her spouse.

         10.      LIMITATIONS ON SHARES TO BE PURCHASED.

                  (a)      No employee shall be entitled to purchase stock under
this Plan at a rate which, when aggregated with his or her rights to purchase
stock under all other employee stock purchase plans of the Company or any
Subsidiary, exceeds $25,000 in fair market value, determined as of the Offering
Date (or such other limit as may be imposed by the Code) for each calendar year
in which the employee participates in this Plan.

                  (b)      No more than two hundred percent (200%) of the number
of shares determined by using eighty-five percent (85%) of the fair market value
of a share of the Company's Common Stock on the Offering Date as the denominator
may be purchased by a participant on any single Purchase Date.

                  (c)      No employee shall be entitled to purchase more than
the Maximum Share Amount (as defined below) on any single Purchase Date. Not
less than thirty (30) days prior to the commencement of any Offering Period, the
Board may, in its sole discretion, set a maximum number of shares which may be
purchased by any employee at any single Purchase Date (hereinafter the "MAXIMUM
SHARE AMOUNT"). In no event shall the Maximum Share Amount exceed the amounts
permitted under Section 10(b) above. If a new Maximum Share Amount is set, then
all participants must be notified of such Maximum Share Amount not less than
fifteen (15) days prior to the commencement of the next Offering Period. Once
the Maximum Share Amount is set, it shall continue to apply with respect to all
succeeding Purchase Dates and Offering Periods unless revised by the Board as
set forth above.

                  (d)      If the number of shares to be purchased on a Purchase
Date by all employees participating in this Plan exceeds the number of shares
then available for issuance under this Plan, then the Company will make a pro
rata allocation of the remaining shares in as uniform a manner as shall be
reasonably practicable and as the Board shall determine to be equitable. In such
event, the Company shall give written notice of such reduction of the number of
shares to be purchased under a participant's option to each participant affected
thereby.

                  (e)      Any payroll deductions accumulated in a participant's
account which are not used to purchase stock due to the limitations in this
Section 10 shall be returned to the participant as soon as practicable after the
end of the applicable Purchase Period, without interest.

         11.      WITHDRAWAL.

                  (a)      Each participant may withdraw from an Offering Period
under this Plan by signing and delivering to the Treasury Department a written
notice to that effect on a form provided for such purpose. Such withdrawal may
be elected at any time at least fifteen (15) days prior to the end of an
Offering Period.

                  (b)      Upon withdrawal from this Plan, the accumulated
payroll deductions shall be returned to the withdrawn participant, without
interest, and his or her interest in this Plan shall terminate. In the event a
participant voluntarily elects to withdraw from this Plan, he or she may not
resume his or her participation in this Plan during the same Offering Period,
but he or she may participate in any Offering Period under this Plan which
commences on a date subsequent to such withdrawal by filing a new authorization
for payroll deductions in the same manner as set forth above for initial
participation in this Plan.

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                                                               HNC Software Inc.
                                               1995 Employee Stock Purchase Plan
                                              As Amended Through January 1, 2002

                  (c)      If the purchase price on the first day of any current
Offering Period in which a participant is enrolled is higher than the purchase
price on the first day of any subsequent Offering Period, the Company will
automatically enroll such participant in the subsequent Offering Period. A
participant does not need to file any forms with the Company to automatically be
enrolled in the subsequent Offering Period.

         12.      TERMINATION OF EMPLOYMENT. Termination of a participant's
employment for any reason, including retirement, death or the failure of a
participant to remain an eligible employee, immediately terminates his or her
participation in this Plan. In such event, the payroll deductions credited to
the participant's account will be returned to him or her or, in the case of his
or her death, to his or her legal representative, without interest. For purposes
of this Section 12, an employee will not be deemed to have terminated employment
or failed to remain in the continuous employ of the Company in the case of sick
leave, military leave, or any other leave of absence approved by the Board;
provided that such leave is for a period of not more than ninety (90) days or
reemployment upon the expiration of such leave is guaranteed by contract or
statute.

         13.      RETURN OF PAYROLL DEDUCTIONS. In the event a participant's
interest in this Plan is terminated by withdrawal, termination of employment or
otherwise, or in the event this Plan is terminated by the Board, the Company
shall promptly deliver to the participant all payroll deductions credited to
such participant's account. No interest shall accrue on the payroll deductions
of a participant in this Plan.

         14.      CAPITAL CHANGES. Subject to any required action by the
stockholders of the Company, the number of shares of Common Stock covered by
each option under this Plan which has not yet been exercised and the number of
shares of Common Stock which have been authorized for issuance under this Plan
but have not yet been placed under option (collectively, the "RESERVES"), as
well as the price per share of Common Stock covered by each option under this
Plan which has not yet been exercised, shall be proportionately adjusted for any
increase or decrease in the number of issued and outstanding shares of Common
Stock of the Company resulting from a stock split or the payment of a stock
dividend (but only on the Common Stock) or any other increase or decrease in the
number of issued and outstanding shares of Common Stock effected without receipt
of any consideration by the Company; provided, however, that conversion of any
convertible securities of the Company shall not be deemed to have been "effected
without receipt of consideration"; and provided further, that the price per
share of Common Stock shall not be reduced below its par value per share. Such
adjustment shall be made by the Board, whose determination shall be final,
binding and conclusive. Except as expressly provided herein, no issue by the
Company of shares of stock of any class, or securities convertible into shares
of stock of any class, shall affect, and no adjustment by reason thereof shall
be made with respect to, the number or price of shares of Common Stock subject
to an option.

         In the event of the proposed dissolution or liquidation of the Company,
the Offering Period will terminate immediately prior to the consummation of such
proposed action, unless otherwise provided by the Board. The Board may, in the
exercise of its sole discretion in such instances, declare that the options
under this Plan shall terminate as of a date fixed by the Board and give each
participant the right to exercise his or her option as to all of the optioned
stock, including shares which would not otherwise be exercisable. In the event
of a proposed sale of all or substantially all of the assets of the Company, or
the merger or consolidation of the Company with or into another corporation,
each option under this Plan shall be assumed or an equivalent option shall be
substituted by such successor corporation or a parent or subsidiary of such
successor corporation, unless the Board determines, in the exercise of its sole
discretion and in lieu of such assumption or substitution, that the participant
shall have the right to exercise the option as to all of the optioned stock. If
the Board makes an option exercisable in lieu of assumption or substitution in
the event of a merger, consolidation or sale of assets, the Board shall notify
the participant that the option shall be fully exercisable for a period of
twenty (20) days from the date of such notice, and the option will terminate
upon the expiration of such period.

         The Board may, if it so determines in the exercise of its sole
discretion, also make provision for adjusting the Reserves, as well as the price
per share of Common Stock covered by each outstanding option, in the event that
the Company effects one or more reorganizations, recapitalizations, rights
offerings or other increases or reductions of shares of its outstanding Common
Stock, or in the event of the Company being consolidated with or merged into any
other corporation; provided, that the price per share of Common Stock shall not
be reduced below its par value per share.

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                                                               HNC Software Inc.
                                               1995 Employee Stock Purchase Plan
                                              As Amended Through January 1, 2002

         15.      NONASSIGNABILITY. Neither payroll deductions credited to a
participant's account nor any rights with regard to the exercise of an option or
to receive shares under this Plan may be assigned, transferred, pledged or
otherwise disposed of in any way (other than by will, the laws of descent and
distribution or as provided in Section 22 hereof) by the participant. Any such
attempt at assignment, transfer, pledge or other disposition shall be void and
without effect.

         16.      REPORTS. Individual accounts will be maintained for each
participant in this Plan. Each participant shall receive promptly after the end
of each Purchase Period a report of his or her account setting forth the total
payroll deductions accumulated, the number of shares purchased, the per share
price thereof and the remaining cash balance, if any, carried forward to the
next Purchase Period or Offering Period, as the case may be.

         17.      NOTICE OF DISPOSITION. Each participant shall notify the
Company if the participant disposes of any of the shares purchased in any
Offering Period pursuant to this Plan if such disposition occurs within two (2)
years from the Offering Date or within one (1) year from the Purchase Date on
which such shares were purchased (the "NOTICE PERIOD"). Unless such participant
is disposing of any of such shares during the Notice Period, such participant
shall keep the certificates representing such shares in his or her name (and not
in the name of a nominee) during the Notice Period. The Company may, at any time
during the Notice Period, place a legend or legends on any certificate
representing shares acquired pursuant to this Plan requesting the Company's
transfer agent to notify the Company of any transfer of the shares. The
obligation of the participant to provide such notice shall continue
notwithstanding the placement of any such legend on the certificates.

         18.      NO RIGHTS TO CONTINUED EMPLOYMENT. Neither this Plan nor the
grant of any option hereunder shall confer any right on any employee to remain
in the employ of the Company or any Subsidiary, or restrict the right of the
Company or any Subsidiary to terminate such employee's employment.

         19.      EQUAL RIGHTS AND PRIVILEGES. All eligible employees shall have
equal rights and privileges with respect to this Plan so that this Plan
qualifies as an "employee stock purchase plan" within the meaning of Section 423
or any successor provision of the Code and the related regulations. Any
provision of this Plan which is inconsistent with Section 423 or any successor
provision of the Code shall, without further act or amendment by the Company or
the Board, be reformed to comply with the requirements of Section 423. This
Section 19 shall take precedence over all other provisions in this Plan.

         20.      NOTICES. All notices or other communications by a participant
to the Company under or in connection with this Plan shall be deemed to have
been duly given when received in the form specified by the Company at the
location, or by the person, designated by the Company for the receipt thereof.

         21.      TERM; STOCKHOLDER APPROVAL. After this Plan is adopted by the
Board, this Plan will become effective on the date that is the First Offering
Date (as defined above); provided, however, that if the First Offering Date does
not occur on or before December 31, 1995, this Plan will terminate as of
December 31, 1995 having never become effective. This Plan shall be approved by
the stockholders of the Company, in any manner permitted by applicable corporate
law, within twelve (12) months before or after the date this Plan is adopted by
the Board. No purchase of shares pursuant to this Plan shall occur prior to such
stockholder approval. Thereafter, no later than twelve (12) months after the
Company becomes subject to Section 16(b) of the Exchange Act, the Company will
comply with the requirements of Rule 16b-3 with respect to stockholder approval.
This Plan shall continue until the earlier to occur of (a) termination of this
Plan by the Board (which termination may be effected by the Board at any time),
(b) issuance of all of the shares of Common Stock reserved for issuance under
this Plan, or (c) ten (10) years from the adoption of this Plan by the Board.

         22.      DESIGNATION OF BENEFICIARY.

                  (a)      A participant may file a written designation of a
beneficiary who is to receive any shares and cash, if any, from the
participant's account under this Plan in the event of such participant's death
subsequent to the end of an

                                       6
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                                                               HNC Software Inc.
                                               1995 Employee Stock Purchase Plan
                                              As Amended Through January 1, 2002

Purchase Period but prior to delivery to him of such shares and cash. In
addition, a participant may file a written designation of a beneficiary who is
to receive any cash from the participant's account under this Plan in the event
of such participant's death prior to a Purchase Date.

                  (b)      Such designation of beneficiary may be changed by the
participant at any time by written notice. In the event of the death of a
participant and in the absence of a beneficiary validly designated under this
Plan who is living at the time of such participant's death, the Company shall
deliver such shares or cash to the executor or administrator of the estate of
the participant, or if no such executor or administrator has been appointed (to
the knowledge of the Company), the Company, in its discretion, may deliver such
shares or cash to the spouse or to any one or more dependents or relatives of
the participant, or if no spouse, dependent or relative is known to the Company,
then to such other person as the Company may designate.

         23.      CONDITIONS UPON ISSUANCE OF SHARES; LIMITATION ON SALE OF
SHARES. Shares shall not be issued with respect to an option unless the exercise
of such option and the issuance and delivery of such shares pursuant thereto
shall comply with all applicable provisions of law, domestic or foreign,
including, without limitation, the Securities Act of 1933, as amended, the
Exchange Act, the rules and regulations promulgated thereunder, and the
requirements of any stock exchange or automated quotation system upon which the
shares may then be listed, and shall be further subject to the approval of
counsel for the Company with respect to such compliance.

         24.      APPLICABLE LAW. The Plan shall be governed by the substantive
laws (excluding the conflict of laws rules) of the State of Delaware.

         25.      AMENDMENT OR TERMINATION OF THIS PLAN. The Board may at any
time amend, terminate or the extend the term of this Plan, except that any such
termination cannot affect options previously granted under this Plan, nor may
any amendment make any change in an option previously granted which would
adversely affect the right of any participant, nor may any amendment be made
without approval of the stockholders of the Company obtained in accordance with
Section 21 hereof within twelve (12) months of the adoption of such amendment
(or earlier if required by Section 21) if such amendment would:

                  (a)      increase the number of shares that may be issued
under this Plan;

                  (b)      change the designation of the employees (or class of
employees) eligible for participation in this Plan; or

                  (c)      constitute an amendment for which stockholder
approval is required in order to comply with Rule 16b-3 (or any successor rule)
of the Exchange Act.

                                       7<PAGE>

                                                                   EXHIBIT 10.31

                                 January 2, 2002

Bruce E. Hansen
Poway, CA 92064

Dear Bruce:

           As we've discussed, the purpose of this letter agreement between you
and HNC Software Inc. ("HNC") is to confirm the current terms and conditions of
your employment with HNC, including certain modifications to your revised
employment offer letter with HNC dated March 1, 2000, a copy of which is
attached to this letter as Appendix 1 (the "OFFER LETTER"). In consideration of
our mutual agreements set forth below in this letter, you and HNC hereby agree
as follows:

           1. Your employment with HNC will continue to be on an "at will"
basis, as provided in the second full paragraph on page 2 of the Offer Letter.
This means that your employment with HNC may be terminated at any time, with or
without cause or prior notice, for any reason or no reason; provided, however,
that HNC will not terminate your employment prior to March 1, 2002 without Cause
(as defined in Section 3 below). You agree that, if at any time during the
course of your employment you are requested by HNC to work at home and/or not to
work in HNC's offices for any period of time, then during that period of time
you will not perform any services at, nor will you work at, enter onto or appear
at, HNC's offices unless you are expressly requested to do so by HNC's Chief
Executive Officer.

           2. You agree to perform the duties requested of you by HNC's Board of
Directors or any committee thereof (the "BOARD") and/or by HNC's Chief Executive
Officer (the "CEO"). These duties will include active performance of your
existing duties as HNC's President, such as providing day-to-day financial
management of HNC's operations, staff oversight and JOOP strategy and policy
setting. In particular, you agree that you will, as directed by the Board and/or
the CEO, actively assist HNC in: (a) recruiting persons designated by the Board
and/or the CEO to serve as officers or management team members; (b) training and
orienting any persons hired by HNC as officers or management team members in
order to facilitate an orderly, stable and successful transition in HNC's
business and management organization; (c) achieving management's "buy in" to
HNC's strategic direction as determined by the Board and the CEO; and (d)
maintaining stability in HNC's management team, such as working to ensure that
the roles and responsibilities of HNC management team members are suitably
matched.

           3. If your employment with HNC is terminated by HNC at any time for
any reason other than "Cause" (as defined below in this Section 3), then,
subject to your first executing and delivering to HNC a settlement agreement and
general release satisfactory to HNC and in
<PAGE>
substantially the form attached to this letter as Appendix 2 and such release
becoming irrevocable and binding upon you:

            (a) HNC will pay you a cash severance payment in an amount equal to
one (1) year of your then-current base salary (the "SEVERANCE PAYMENT"), with
such Severance Payment to be paid to you in approximately equal monthly
installments (net of all applicable payroll and tax withholdings) upon each of
HNC's regular payroll periods during the one (1) year period immediately
following the effective date of the termination of your employment other than
for Cause (the "TERMINATION DATE");

            (b) You will also become entitled to receive a cash bonus under the
HNC bonus program in which you are participating during the fiscal year in which
the Termination Date occurs, to the extent that such bonus has been earned by
you under the terms of such bonus program as of the Termination Date; provided
however, that in no event will the amount of such bonus be less than the greater
of: (i) sixty percent (60%) of your maximum target bonus for that fiscal year
under such bonus program; or (ii) the average percentage of the maximum target
bonus actually earned by members of the JOOP in that fiscal year (the "JOOP"
being comprised of HNC's CEO and the members of HNC's "Office of the
President"). Such bonus will be paid to you when the amount of similar bonuses
payable to members of the JOOP for the fiscal year in question are determined
and paid by HNC.

            (c) On the Termination Date, the vesting of your right to exercise
the outstanding HNC common stock options then held by you (your "OPTIONS") will
accelerate by one (1) year (and no more) and will cease to vest thereafter (that
is, on the Termination Date your Options will vest and become exercisable to the
extent that they would have been vested if you had remained continuously
employed by HNC until one (1) year after the Termination Date).

            (d) Your Options will continue to be exercisable by you, to the
extent they are vested pursuant to subparagraph (c) above, for a period of one
(1) year after the Termination Date;

            (e) HNC will execute and deliver to you a limited release in
substantially the form attached to this letter as Appendix 3;.

            (f) HNC will reimburse you for any verified COBRA payments that you
make in order to continue your coverage under HNC's health and medical insurance
benefit plans during the Continuation Period (as defined below); and

            (g) At its expense, during the Continuation Period HNC will continue
your coverage under any life insurance benefits in which you are participating
in your capacity as an HNC employee immediately prior to the Termination Date
(if any), to the extent permitted under any such life insurance benefit plan(s).
<PAGE>
            The "CONTINUATION PERIOD" means that time period beginning on the
Termination Date and ending upon the earlier to occur of (i) one (1) year after
the Termination Date or (ii) the first date on or after the Termination Date on
which you commence employment with any other party.

            As used in this letter, the term "CAUSE" means: (a) your commission
of a crime, an intentional tort, an act of violence or other willful misconduct
that adversely affects the reputation or assets of HNC, any of its affiliates or
any customer, licensee, licensor or supplier of HNC or any of its affiliates;
(b) your commission of any crime or any act of fraud or dishonesty against HNC
or any of its affiliates; (c) your intentional destruction, damage or
misappropriation or conversion of any property (including without limitation
technology, software or trade secrets) of HNC or any of its affiliates; (d) your
habitual neglect of your duties to HNC; (e) your willful disregard or
disobedience in any material respect of any of the stated policies of HNC that
is not susceptible to cure or that is not cured within two (2) business days
after the Board or CEO give you written notice of such disregard or
disobedience; (f) a material breach by you of this Agreement or your Employee
Invention Assignment and Confidentiality Agreement with HNC (including without
limitation a breach by you of any of your agreements or obligations under
Section 1 of this Agreement); or (g) your voluntary termination of employment
with, or your voluntary resignation from, HNC prior to March 1, 2002.

            You agree with HNC that the provisions of this Section 3 entirely
replace and supersede the fifth paragraph on page 1 of the Offer Letter
(regarding severance).

      4. You hereby confirm and agree that HNC has fully performed and satisfied
all its obligations to you as provided in the second paragraph of page 1 of the
Offer Letter and Attachment A thereto (regarding relocation assistance and
reimbursement for temporary housing). You further confirm and agree with HNC
that you have repaid in full to HNC the entire amount of principal and interest
payable by you to HNC under: (a) that certain Loan and Security Agreement dated
as of June 2, 2000 among HNC, you and your spouse, Jody A. Hansen, as amended by
that certain First Amendment to Loan and Security Agreement made and entered
into as of December 1, 2000 among HNC, you and Jody A. Hansen (collectively, the
"LOAN AND SECURITY AGREEMENT"); and (b) the Secured Full Recourse Promissory
Note dated as of June 2, 2000 in the principal amount of Six Hundred Thousand
Dollars ($600,000) made and given by you and Jody A. Hansen to HNC (the "SECURED
NOTE").

      5. You agree that during your employment with HNC, and for a period of one
(1) year after termination of your employment with HNC, you will not for any
reason, whether directly or indirectly: (a) solicit, recruit, take away or
attempt to take away, any employee or consultant of HNC or any of its
affiliates, or induce (or attempt to induce) any employee or consultant of HNC
or any of its affiliates to terminate his or its employment or services with HNC
or any of HNC's affiliates; or (b) use any confidential or proprietary
information of HNC or any of it is affiliates to, directly or indirectly,
solicit any customer of HNC or any of its affiliates or induce any customer of
HNC or its affiliates to terminate its relationship with HNC or any HNC
affiliate. You and HNC agree that the foregoing provisions of this Section 5
will entirely supersede and replace the provisions of Sections 10 and 12 of your
Employee Invention Assignment and Confidentiality Agreement with HNC, which you
entered into upon becoming an HNC employee (the "INVENTION ASSIGNMENT
/CONFIDENTIALITY AGREEMENT"), and that Sections
<PAGE>
10 and 12 of the Invention Assignment / Confidentiality Agreement are hereby
terminated and will be of no further force or effect.

           6. We agree that any dispute or claim, whether based on contract,
tort or otherwise, relating to or arising out of your employment with HNC, or
relating to the Offer Letter and/or to this letter agreement shall be subject to
final and binding arbitration as provided in the final paragraph of the Offer
Letter and the Agreement to Arbitrate Claims between you and HNC which you
signed and dated as of March 1, 2000 (the "ARBITRATION AGREEMENT"); provided,
however, that notwithstanding the foregoing or anything to the contrary in the
Arbitration Agreement, you acknowledge and agree with HNC that, in the event of
a breach or threatened breach by you or HNC of your Invention Assignment /
Confidentiality Agreement or the provisions of Section 5 of this letter
agreement, the non-breaching party would suffer irreparable harm in an amount
that could not be readily determined, and therefore the non-breaching party will
be entitled to the remedies of injunctive relief, specific performance and other
equitable remedies to enforce such provisions and will be entitled to seek such
relief and remedies from a court without the need for arbitration.

           7. Except as otherwise expressly set forth in, or amended by, this
letter agreement, the terms of your employment with HNC as set forth in the
Offer Letter will continue in full force and effect. In addition, you confirm
and agree that you will continue to be bound by and subject to all the terms and
conditions of your Invention Assignment / Confidentiality Agreement, as modified
by this letter agreement.

           Bruce, if you agree to all of the foregoing provisions of this letter
agreement, please confirm and indicate your agreement by signing this letter in
the signature block provided for you below.

           HNC has agreed to the foregoing provisions of this letter agreement
as evidenced by my signature below.

                                       Sincerely,

                                       HNC SOFTWARE INC.

                                       By: /s/ John Mutch             1/14/2002
                                           ------------------------------------
                                           John Mutch, Chief Executive Officer

ACCEPTED AND AGREED:

/s/ Bruce E. Hansen
-------------------------
Bruce E. Hansen

ATTACHMENTS:
-----------
Appendix 1:  Revised Employment Offer Letter dated March 1, 2000
Appendix 2:  Settlement Agreement and General Release
Appendix 3:  Limited Release
<PAGE>
                                   APPENDIX 1

               REVISED EMPLOYMENT OFFER LETTER DATED MARCH 1, 2000
<PAGE>
                                                                      APPENDIX 1
[HNC letterhead]

March 1, 2000

Revision to Offer Letter dated Feb. 16, 2000

Bruce E. Hansen
1105 Mansion Ridge Road
Santa Fe, NM 87501

Dear Bruce:

On behalf of HNC Software Inc. (HNC) we are pleased to offer you a position as
President, Financial Solutions in our Financial Solutions division reporting to
John Mutch, President & CEO. Your salary will initially be $20,833.34 per month.
In addition, you will be eligible to participate in our bonus program. This
program will enable you to receive a cash bonus in 2000 (prorated based on the
number of months worked in 2000) of up to $100,000 based upon goals to be
determined and your performance relative to those goals. Your total target
compensation on an annual basis is $350,000. This offer is contingent upon
completing and receiving satisfactory references and a background check.

HNC will provide you with relocation assistance as defined in Attachment A. In
addition, HNC will either reimburse you for temporary housing in San Diego for
you and your family prior to your relocation (assuming a summer relocation
date). Or, if you prefer, we will reimburse you for your actual commuting
expenses, until the relocation is completed, with a periodic trip for your
family to San Diego.

You will be eligible to participate in the employee benefits program established
by HNC for its employees, generally effective the first day of the month
following your date of hire. These benefits are listed in the enclosed
information sheet and are subject to the participation conditions stated
therein.

Upon your acceptance of this offer, we will recommend to the compensation
committee of the HNC board that you be granted an option for seven (7) years to
purchase 100,000 shares of HNC Common Stock at the current fair market value
which will be the closing NASDAQ price on your date of hire or the date of the
compensation committee meeting, whichever is later. If approved, the option
shares will vest over a four (4) year period (based on your date of hire, or the
date the compensation committee approves the grants, whichever is later) at the
rate of 25% of the option shares per year, subject to your continued employment.
The options will have a term of seven years, subject to your continued
employment.

If you are terminated for reason other than cause, HNC agrees to pay you
severance in the amount of one year base salary, and upon your signing of a
separation and general release agreement.

Upon your employment, you will be required to sign a standard Invention
Assignment and Confidentiality Agreement agreeing to hold in confidence any
proprietary information received as an employee of HNC and to assign to HNC any
inventions that you may make while employed by HNC. We wish to impress upon you
that you are not to bring with you any confidential or
<PAGE>
Bruce Hansen
March 1, 2000
Page 2

proprietary material of any former employer or to violate any other obligation
to your former employers. In addition, you will be required to sign an
Arbitration Agreement and a Code of Ethics Policy. All three documents are
enclosed.

Upon your hire you are also required to provide the Company with legally
required proof of your identity and authorization to work in the United States.
Please bring appropriate documentation with you on your date of hire. If you are
unsure of what constitutes appropriate documentation, please contact our Human
Resources Department prior to your start date.

Your employment with HNC, should you accept this offer, will not be for any
specific term and may be terminated at any time, with or without cause and with
or without notice, by you or by the Company for any reason. Any contrary
representations or agreements which may have been made to you are superseded by
this offer. The at-will nature of your employment described in this offer letter
shall constitute the entire agreement between you and HNC concerning the
duration of your employment and the circumstances under which either you or the
Company may terminate the agreement that changes the at will status of
employment with HNC. The at-will term of your employment with HNC can only be
changed in a writing signed by you and the President and CEO of HNC Software
Inc., which expressly states the intention to modify the at will term of your
employment. By signing the offer below, you acknowledge and agree that length of
employment, promotions, positive performance reviews, pay increases, bonuses,
increases in job duties or responsibilities and other changes during employment
will not change the at will term of your employment with HNC and will not create
any implied contract requiring cause for termination of employment.

As an employee of HNC, you will be required to comply with all Company policies
and procedures. In particular, you will be required to familiarize yourself with
and to comply with HNC's policy prohibiting unlawful harassment and
discrimination and the policy concerning drugs and alcohol. Violations of these
policies may lead to immediate termination of employment.

Bruce, we sincerely appreciate your interest in HNC and hope that you will
accept our offer. If you wish to accept this offer, please sign below and return
the fully executed letter to us, along with the executed Invention Assignment &
Confidentiality Agreement, the Arbitration Agreement and the Code of Ethics
Policy. You should keep one copy of this letter for your own records. This
offer, if not accepted, will expire on March 1, 2000.

Sincerely,

Marlene Maher
Senior Vice President, Human Resources

enclosures
<PAGE>
                                   APPENDIX 2

                    SETTLEMENT AGREEMENT AND GENERAL RELEASE
<PAGE>
                                                                      APPENDIX 2

                    SETTLEMENT AGREEMENT AND GENERAL RELEASE

           THIS SETTLEMENT AGREEMENT AND GENERAL RELEASE is made and entered
into by and between BRUCE E. HANSEN (hereinafter referred to as "EMPLOYEE") and
HNC SOFTWARE INC., a Delaware corporation (hereinafter referred to as the
"COMPANY"), for and on behalf of the Company and its subsidiaries and affiliated
entities.

           Whereas, as a condition precedent to Employee receiving certain
substantial severance benefits from the Company pursuant to a letter agreement
dated as of January 2, 2002 between Employee and the Company, Employee has
agreed to enter into this Settlement Agreement and General Release in order to
fully and finally settle all differences between Employee and the Company and to
grant the Company a general release of claims, including, but in no way limited
to, any differences or claims that might arise out of Employee's employment with
the Company, and the termination of Employee's employment with the Company;

           NOW THEREFORE, in consideration of the premises and the mutual
promises contained in this Agreement, the parties hereby agree as follows:

           1. Employee releases and discharges the Company, its successors and
assigns, subsidiaries, affiliates, and the employees, officers, directors,
stockholders, agents, attorneys and representatives of the Company and its
subsidiaries and affiliates (the Company, together with its successors,
subsidiaries, affiliates, and such employees, officers, directors, stockholders,
agents, attorneys and representatives being collectively referred to as the
"COMPANY RELEASEES") from all claims, liabilities, demands and causes of action
known or unknown, fixed or contingent, which Employee has or may hereafter have
arising out of or in any way connected with his employment with the Company,
including the termination of his employment with the Company; provided, however,
that the foregoing release and discharge will not release or discharge the
Company from any of its unperformed express obligations to Employee under (i)
Section 3 of that certain letter agreement between the Company and Employee
dated as of January 2, 2002 which sets forth and amends terms of Employee's
employment with the Company (the "LETTER AGREEMENT"); or (ii) this Agreement.

           2. This Settlement and General Release shall not in any way be
construed as an admission by the Company or any Company Releasee that it has
acted wrongfully with respect to the Employee or any other person, that the
Employee has acted wrongfully, or that the Employee has any rights whatsoever
against the Company or any Company Releasee. The Company specifically disclaims
any liability to Employee or any wrongful acts against Employee or any other
person, on the part of itself, its employees, agents and all Company Releasees.
Rather, the parties have entered into this settlement and release in order to
lend greater certainty to the existing state of affairs in exchange for the
promises and considerations herein.
<PAGE>
           3. Employee represents, understands and agrees that his employment
with the Company will terminate on _________, 200_.

           4. Employee understands that various federal, state and local laws
prohibit age, sex, race or other forms of discrimination and that these laws are
enforced through the U.S. Equal Employment Opportunity Commission, and state and
local human rights agencies. Employee understands that if he believed his
treatment by the Company or any Company Releasee has been discriminatory, he has
had the right to consult with these agencies and to file a charge with them.
Employee has decided voluntarily to enter into this Settlement Agreement and
General Release, and waive the right to recover any amounts to which he may have
been entitled under such laws.

           5. Employee represents and agrees that he will keep the terms and
amount of this Settlement Agreement and General Release completely confidential,
and that he will not disclose any information concerning this Settlement
Agreement and General Release to anyone, other than his spouse and tax preparer,
if any, or as required by legal process or applicable law; provided however,
that Employee will first notify the Company if such disclosure is sought,
allowing the Company the opportunity to object to such disclosure. In addition,
Employee may disclose any information contained in this Settlement Agreement and
General Release which the Company has previously made public disclosure of.

           6. It is agreed that the benefits contained in this Settlement
Agreement and General Release which flow to Employee from the Company are
subject to termination, reduction or cancellation in the event that Employee
takes any action or engages in any conduct deemed by the Company to be in
violation of this Agreement.

           7. Employee represents and agrees that this Settlement Agreement and
General Release is binding upon himself, his estate, heirs, successors and
assigns.

           8. Employee represents and agrees that the Company has advised him to
consult with an attorney regarding aspects of this Settlement Agreement and
General Release and that to the extent, if any, that he desired, Employee has
availed himself of this right, that he has carefully read and fully understands
all of the provisions of this Settlement Agreement and General Release, and that
he is voluntarily entering into this Settlement Agreement and General Release.

           9. Employee agrees not to engage in conduct or undertake speech
derogatory about, disparaging of or detrimental to the Company or any Company
Releasee or its reputation, its board of directors, officers, management,
practices or procedures, or business operations.

           10. Employee agrees further that if any provision of this Agreement
is held by a court of competent jurisdiction to be unenforceable as a result of
a claim, demand or cause of action Employee has brought, the Company, at its
option, will be entitled to recover payments made to Employee, or on Employee's
behalf, pursuant to the Letter Agreement. Any such legal action by the Company
shall not be considered retaliatory.
<PAGE>
           11. Employee represents and acknowledges that he has carefully read
and fully understands all of the provisions of this Settlement Agreement and
General Release which sets forth the entire agreement between the parties.
Except for the Letter Agreement, and the Employee Invention Assignment and
Confidentiality Agreement of Employee with the Company dated February 22, 2000,
as such has been amended and partially superseded by the Letter Agreement, this
Settlement Agreement and General Release supersedes any and all prior agreements
or understandings between the parties and all corporate policies, practices or
procedures pertaining to the subject matter of this Settlement Agreement and
General Release.

           12. Employee understands that various federal, state and local laws
prohibit age, sex, race, disability, benefits, pension, health and other forms
of discrimination and that these laws can be enforced through the U.S. Equal
Employment Opportunity Commission, California state and local human rights
agencies and federal and state courts. Employee understands that if he believes
his treatment by the Company or any Company Releasee was discriminatory, he has
had the right to consult with these agencies and to file a charge with them or
file a lawsuit. Employee has decided voluntarily to enter into this Agreement,
and waive the right to recover any amounts to which he may have been entitled
under such laws, including, but not limited to: the Age Discrimination in
Employment Act, 29 U.S.C. Section 621 et seq. (as amended by the Older Workers'
Benefit Protection Act, 29 U.S.C. Section 626(f)); the California Fair
Employment and Housing Act, California Government Code Section 12900 et seq.;
the Employee Retirement Income Security Act (ERISA), 29 U.S.C. Section 1001 et
seq.; Title VII of the Civil Rights Act of 1964, 42 U.S.C. Section 2000e et
seq.; the Americans with Disabilities Act, and 42 U.S.C. Section 1981. In
addition, this release covers all statutory, common law, constitutional and
other claims, including but not limited to, all claims for wrongful discharge in
violation of public policy, breach of contract, express or implied, breach of
covenant of good faith and fair dealing, intentional or negligent
misrepresentation, any tort, personal injury, or violation of law which Employee
may now have, or has ever had. The parties agree that any past or future claims
for money damages, loss of wages, earnings and benefits, both past and future,
medical expenses, attorneys' fees and costs, reinstatement and other equitable
relief, are all released by this Agreement. Accordingly, to the fullest extent
permitted by law, at no time subsequent to the execution of this Agreement will
Employee pursue, or cause or knowingly permit the prosecution, in any state,
federal or foreign court, or before any local, state, federal or foreign
administrative agency, or any other tribunal, any charge, claim or action of any
kind, nature and character whatsoever, known or unknown, which he may now have,
has ever had, or may in the future have against the Company and/or any officer,
director, employee or agent of the Company, which is based in whole or in part
on any matter covered by this Agreement.

           13. Employee expressly waives any right or benefit available to him
in any capacity under the provisions of section 1542 of the Civil Code of
California, which provides:

                     "A RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR
                     DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME
                     OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE
                     MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR."
<PAGE>
           14. Employee represents and acknowledges that he has not relied upon
any representations or statements, written or oral, not set forth in this
document.

           15. Employee understands that he has twenty-one (21) days in which to
consider whether he should sign this Agreement; and that he further understands
that if he signs this Agreement, he will be given seven (7) days following the
date on which he signs this Agreement to revoke it and that this Agreement will
not be effective until after this seven (7) day period had lapsed.

           16. This Agreement shall become effective on the eighth (8th) day
following the date it is signed by Employee. It is understood that Employee may
revoke his approval of this Agreement in the seven (7) day period following the
date he signs this Agreement.

           PLEASE READ CAREFULLY. THIS SETTLEMENT AGREEMENT AND GENERAL RELEASE
INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS.

Executed at ______________, California, this ____ day of _____________, 200_.

By: ______________________________
      Bruce E. Hansen

Executed at ______________, California, this ____ day of _________, 200_ .

HNC SOFTWARE INC.

By: _____________________________________
      [name]
      [title]
<PAGE>
                                   APPENDIX 3

                                 LIMITED RELEASE

                                  ______, 200__

Bruce E. Hansen
Poway, CA 92064

                     Re:       Limited Release

Dear Bruce:

           HNC Software Inc. ("HNC") is executing and delivering this letter
agreement to you, Bruce E. Hansen ("YOU") pursuant to the provisions of Section
3(e) of that certain letter agreement between You and HNC dated as of January 2,
2002 concerning terms of your employment with HNC (the "LETTER AGREEMENT"). This
letter is the "Limited Release" referred to in the Letter Agreement. HNC hereby
agrees with You as follows

           1. Subject to the terms and conditions of this letter, HNC releases
and discharges You and your heirs and successors (collectively referred to as
the "HANSEN RELEASEES") from all claims, liabilities, demands and causes of
action known or unknown, fixed or contingent, which HNC has or may hereafter
have against You arising out of or in any way connected with Your employment
with HNC, including the termination of Your employment with HNC; provided,
however, that notwithstanding the foregoing, the foregoing release and discharge
will NOT release or discharge You from any of Your obligations, duties or
liabilities to HNC or any of its subsidiaries or affiliates under, or arising
from:

                  (a) the Letter Agreement,

                  (b) Your revised employment offer letter with HNC dated March
            1, 2000, as such was amended by the Letter Agreement;

                  (c) Your Employee Invention Assignment and Confidentiality
            Agreement with HNC, which You entered into upon becoming an HNC
            employee, as such was amended by the Letter Agreement;

                  (d) the Settlement Agreement and General Release being entered
            into by You and HNC concurrently herewith;
<PAGE>
                  (e) any act or omission by You that constitutes or involves
            Your (i) fraud, (ii) criminal conduct; (iii) willful misconduct,
            malfeasance or breach of fiduciary duty with respect to HNC, any of
            its subsidiaries or affiliates or any director, officer,
            stockholder, employee, agent, attorney or representative of HNC or
            any of its subsidiaries or affiliates; (iv) wrongful disclosure,
            misuse or misappropriation of any confidential or proprietary
            information of HNC or any of its subsidiaries or affiliates, or (v)
            wrongful disclosure, misuse, misappropriation or infringement of any
            software, technology or intellectual property rights of HNC or any
            of its subsidiaries or affiliates.

           2. This Settlement and General Release shall not in any way be
construed as an admission by You or by any Hansen Releasee that You have acted
wrongfully with respect to HNC or any other person, that HNC has acted
wrongfully, or that HNC has any rights whatsoever against You or any Hansen
Releasee. Rather, the parties have entered into this release in order to lend
greater certainty to the existing state of affairs in exchange for the promises
and considerations herein.

           3. HNC agrees not to engage in conduct or undertake speech that is
affirmatively derogatory about, disparaging of or detrimental to You or Your
reputation as it relates to Your employment with HNC.

Executed at ______________, California, this ____ day of _________, 200_.

By: ______________________________
      Bruce E. Hansen

Executed at ______________, California, this ____ day of _________, 200_.

HNC SOFTWARE INC.

By: _____________________________________
      [name]
      [title]

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