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                                                                   Exhibit 10.15

                              EMPLOYMENT AGREEMENT
                              --------------------

     THIS AGREEMENT, made and entered into as of April 1, 1999 by and between
Household International, Inc., a Delaware corporation, (hereinafter called the
"Corporation") and Rocco J. Fabiano (hereinafter called the "Executive").

                                 WITNESSETH THAT:

     WHEREAS, the Executive is currently employed under an employment agreement
dated August 23, 1997; and

     WHEREAS, the Corporation desires to continue to employ the Executive as its
Group Managing Director-Retail Finance, and the Executive desires to continue in
such employment, on amended and restated terms and conditions;

     NOW, THEREFORE, the Corporation and the Executive, each intending to be
legally bound, hereby mutually covenant and agree as follows:

     1.   Employment and Term.

          (a) Employment.  The Corporation shall continue to employ the
Executive as the Group Managing Director-Retail Finance of the Corporation, and
the Executive shall so serve, for the term set forth in Paragraph  1(b).

          (b) Term.  The initial term of the Executive's employment under this
Agreement shall commence as of April 1, 1999 (the "Effective Date") and end on
______ September 30, 2000, subject to the extension of such term as hereinafter
provided and subject to earlier termination as provided in Paragraph 7, below.
Beginning on April 1, 1999, the term of this Agreement shall be extended
automatically for one (1) additional day for each day which has then elapsed
since April 1, 1999, unless, at any time after April 1, 1999, either the Board
of Directors of the Corporation (the "Board"), on behalf of the Corporation, or
the Executive gives written notice to the other that such automatic extension of
the term of this Agreement shall cease. Any such notice shall be effective
immediately upon delivery. The initial term of this Agreement, plus any
extension by operation of this Paragraph 1, shall be hereinafter referred to as
the "Term."

     2.   Duties.  During the period of employment as provided in Paragraph 1(b)
hereof, the Executive shall serve as Group Managing Director-Retail Finance of
the Corporation and have all powers and duties consistent with such position,
subject to the reasonable direction of the Board and of the Chief Executive
Officer of the Corporation.  The Executive shall also continue to serve as a
member of the Board if elected as such.  The Executive shall devote
substantially his entire time during reasonable business hours (reasonable sick
leave and vacations excepted) and best efforts to fulfill faithfully,
responsibly and to the best of his ability his duties hereunder.  However, the
Executive may, with the approval of the Board or of the Chief Executive Officer
of the Corporation, which

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shall not be withheld unreasonably, serve on corporate, civic and/or charitable
boards and committees.

     3.   Salary.

          (a) Base Salary.  For services performed by the Executive for the
Corporation pursuant to this Agreement during the period of employment as
provided in Paragraph  1(b) hereof, the Corporation shall pay the Executive a
base salary of $350,000 per year, payable in substantially equal installments in
accordance with the Corporation's regular payroll practices.  The Executive's
base salary (with any increases under paragraph  (b), below) shall not be
subject to reduction.  Any compensation which may be paid to the Executive under
any additional compensation or incentive plan of the Corporation or which may be
otherwise authorized from time to time by the Board (or an appropriate committee
thereof) shall be in addition to the base salary to which the Executive shall be
entitled under this Agreement.

          (b) Salary Increases.  During the period of employment as provided in
Paragraph  1(b) hereof, the base salary of the Executive shall be reviewed no
less frequently than annually by the Board or the Compensation Committee of the
Board or the Chief Executive Officer of the Corporation to determine whether or
not the same should be increased in light of the duties and responsibilities of
the Executive and the performance thereof, and if it is determined that an
increase is merited, such increase shall be promptly put into effect and the
base salary of the Executive as so increased shall constitute the base salary of
the Executive for purposes of Paragraph 3(a).

     4.   Annual Bonuses.  For each calendar year during the term of employment,
the Executive shall be eligible to receive in cash an annual performance bonus
based upon the terms of the Corporation's bonus plan from time to time for
senior executives, as adopted by the Board and administered by the Compensation
Committee.

     5.   Equity Incentive Compensation.  During the term of employment
hereunder the Executive shall be eligible to participate, in the manner and to
the extent approved by the Board or the Compensation Committee, in any
equity-based incentive compensation plan or program approved by the Board from
time to time, including (but not by way of limitation) any plan providing for
the granting of (a) options to purchase stock of the Corporation, (b) restricted
stock of the Corporation or (c) similar equity-based units or interests, with
awards to the Executive that are of appropriate size and nature relative to
those for other senior executives and the individual performance of the
Executive.

     6.   Other Benefits.  In addition to the compensation described in
Paragraphs 3, 4 and 5, above, the Executive shall also be entitled to
participate in all of the various retirement, welfare, fringe benefit, executive
perquisite, and expense reimbursement plans, programs and arrangements of the
Corporation to the extent the Executive is eligible for participation under the
terms of such plans, programs and arrangements, with benefit levels and terms of
participation at least as favorable to the Executive as those in effect on the
Effective Date, except that the Executive's benefits and/or perquisites may be
reduced in connection with similar reductions uniformly applied with respect to
all similarly situated employees.

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     7.   Termination.  Unless earlier terminated in accordance with the
following provisions of this Paragraph  7, the Corporation shall continue to
employ the Executive and the Executive shall remain employed by the Corporation
during the entire term of this Agreement as set forth in Paragraph 1(b).
Paragraph 9 hereof sets forth certain obligations of the Corporation in the
event that the Executive's employment hereunder is terminated.  Certain
capitalized terms used in this Paragraph 7 and in Paragraphs 8 and 9 hereof are
defined in Paragraph 7(d), below.

          (a) Death or Disability.  Except to the extent otherwise provided in
Paragraph 9 with respect to certain post-Date of Termination payment obligations
of the Corporation, this Agreement shall terminate immediately as of the Date of
Termination in the event of the Executive's death or in the event that the
Executive becomes disabled.  The Executive will be deemed to be disabled upon
the earlier of (i) the end of a six (6)-consecutive month period during which,
by reason of physical or mental injury or disease, the Executive has been unable
to perform substantially all of his usual and customary duties under this
Agreement or (ii) the date that a reputable physician selected by the Board, and
as to whom the Executive has no reasonable objection, determines in writing that
the Executive will, by reason of physical or mental injury or disease, be unable
to perform substantially all of the Executive's usual and customary duties under
this Agreement for a period of at least six (6) consecutive months.  If any
question arises as to whether the Executive is disabled, upon reasonable request
therefor by the Board, the Executive shall submit to reasonable medical
examination for the purpose of determining the existence, nature and extent of
any such disability.  The Board shall promptly give the Executive written notice
of any such determination of the Executive's disability and of any decision of
the Board to terminate the Executive's employment by reason thereof.  Until the
Date of Termination for disability, the base salary payable to the Executive
under Paragraph 3 hereof shall be reduced dollar-for-dollar by the amount of any
disability benefits paid to the Executive in accordance with any disability
policy or program of the Corporation.

          (b) Discharge for Cause.  In accordance with the procedures
hereinafter set forth, the Board may discharge the Executive from his employment
hereunder for Cause. Except to the extent otherwise provided in Paragraph 9 with
respect to certain post-Date of Termination obligations of the Corporation, this
Agreement shall terminate immediately as of the Date of Termination in the event
the Executive is discharged for Cause.  Any discharge of the Executive for Cause
shall be communicated by a Notice of Termination to the Executive given in
accordance with Paragraph 16 of this Agreement.  For purposes of this Agreement,
a "Notice of Termination" means a written notice which (i) indicates the
specific termination provision in this Agreement relied upon, (ii) sets forth in
reasonable detail the facts and circumstances claimed to provide a basis for
termination of the Executive's employment under the provision so indicated and
(iii) specifies the termination date, which may be as early as the date of the
giving of such notice. No purported termination of the Executive's employment
for Cause shall be effective without a Notice of Termination.

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          (c)  Termination for Other Reasons.  The Corporation may discharge the
Executive without Cause by giving written notice to the Executive in accordance
with Paragraph 16 at least fifteen (15) days prior to the Date of Termination.
The Executive may resign from his employment, without liability to the
Corporation, by giving written notice to the Corporation in accordance with
Paragraph 16 at least fifteen (15) days prior to the Date of Termination.
Except to the extent otherwise provided in Paragraph 9 with respect to certain
post-Date of Termination obligations of the Corporation, this Agreement shall
terminate immediately as of the Date of Termination in the event the Executive
is discharged without Cause or resigns.

          (d)  Definitions.  For purposes of this Agreement, the following
capitalized terms shall have the meanings set forth below:

               (i)   "Accrued Obligations" shall mean, as of the Date of
Termination, the sum of (A) the Executive's base salary under Paragraph 3
through the Date of Termination to the extent not theretofore paid, (B) the
amount of any bonus, incentive compensation, deferred compensation and other
cash compensation accrued by the Executive as of the Date of Termination to the
extent not theretofore paid and (C) any vacation pay, expense reimbursements and
other cash entitlements accrued by the Executive as of the Date of Termination
to the extent not theretofore paid. For the purpose of this Paragraph 7(d)(i),
amounts shall be deemed to accrue ratably over the period during which they are
earned, but no discretionary compensation shall be deemed earned or accrued
until it is specifically approved by the Board or the Compensation Committee in
accordance with the applicable plan, program or policy.

               (ii)  "Cause" shall mean: (A) the Executive's commission of an
act materially and demonstrably detrimental to the financial condition and/or
goodwill of the Corporation or any of its subsidiaries, which act constitutes
gross negligence or willful misconduct by the Executive in the performance of
his material duties to the Corporation or any of its subsidiaries, or (B) the
Executive's commission of any material act of dishonesty or breach of trust
resulting or intended to result in material personal gain or enrichment of the
Executive at the expense of the Corporation or any of its subsidiaries, or (C)
the Executive's conviction of a felony involving moral turpitude, but
specifically excluding any conviction based entirely on vicarious liability. No
act or failure to act will be considered "willful" unless it is done, or omitted
to be done, by the Executive in bad faith or without reasonable belief that his
action or omission was in the best interests of the Corporation. In addition, no
act or omission will constitute Cause unless the Corporation has given detailed
written notice thereof to the Executive and, where remedial action is feasible,
he then fails to remedy the act or omission within a reasonable time after
receiving such notice.

               (iii) A "Change in Control" shall be deemed to have occurred if:

               (A)   Any "person" (as defined in Section 13(d) and 14(d) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act")), excluding for
this purpose the Corporation or any subsidiary of the Corporation, or any
employee benefit plan of the Corporation or any subsidiary of the Corporation,
or any person or entity organized,

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appointed or established by the Corporation for or pursuant to the terms of such
plan which acquires beneficial ownership of voting securities of the
Corporation, is or becomes the "beneficial owner" (as defined in Rule 13d-3
under the Exchange Act) directly or indirectly of securities of the Corporation
representing twenty percent (20%) or more of the combined voting power of the
Corporation's then outstanding securities; provided, however, that no Change in
Control shall be deemed to have occurred as the result of an acquisition of
securities of the Corporation by the Corporation which, by reducing the number
of voting securities outstanding, increases the direct or indirect beneficial
ownership interest of any person to twenty percent (20%) or more of the combined
voting power of the Corporation's then outstanding securities, but any
subsequent increase in the direct or indirect beneficial ownership interest of
such a person in the Corporation shall be deemed a Change in Control; and
provided further that if the Board of Directors of the Corporation determines in
good faith that a person who has become the beneficial owner directly or
indirectly of securities of the Corporation representing twenty percent (20%) or
more of the combined voting power of the Corporation's then outstanding
securities has inadvertently reached that level of ownership interest, and if
such person divests as promptly as practicable a sufficient amount of securities
of the Corporation so that the person no longer has a direct or indirect
beneficial ownership interest in twenty percent (20%) or more of the combined
voting power of the Corporation's then outstanding securities, then no Change in
Control shall be deemed to have occurred;

               (B) During any period of two (2) consecutive years (not including
any period prior to the Effective Date of this Agreement), individuals who at
the beginning of such two-year period constitute the Board of Directors of the
Corporation and any new director or directors (except for any director
designated by a person who has entered into an agreement with the Corporation to
effect a transaction described in subparagraph (A), above, or subparagraph (C),
below) whose election by the Board or nomination for election by the
Corporation's shareholders was approved by a vote of at least two-thirds of the
directors then still in office who either were directors at the beginning of the
period or whose election or nomination for election was previously so approved,
cease for any reason to constitute at least a majority of the Board (such
individuals and any such new directors being referred to as the "Incumbent
Board"); or

               (C) Consummation of (1) an agreement for the sale or disposition
of the Corporation or all or substantially all of the Corporation's assets, (2)
a plan of merger or consolidation of the Corporation with any other corporation,
or (3) a similar transaction or series of transactions involving the Corporation
(any transaction described in parts (1) through (3) of this subparagraph (C)
being referred to as a "Business Combination"), in each case unless after such a
Business Combination (x) the shareholders of the Corporation immediately prior
to the Business Combination continue to own, directly or indirectly, more than
sixty percent (60%) of the combined voting power of the then outstanding voting
securities entitled to vote generally in the election of directors of the new
(or continued) entity (including, but not by way of limitation, an entity which
as a result of such transaction owns the Corporation or all or substantially all
of the Corporation's former assets either directly or through one or more
subsidiaries) immediately after such Business Combination, in substantially the
same proportion as their ownership of the Corporation immediately prior

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to such Business Combination, (y) no person (excluding any entity resulting from
such Business Combination or any employee benefit plan (or related trust) of the
Corporation or of such entity resulting from such Business Combination)
beneficially owns, directly or indirectly, twenty percent (20%) or more of the
then combined voting power of the then outstanding voting securities of such
entity, except to the extent that such ownership existed prior to the Business
Combination, and (z) at least a majority of the members of the board of
directors of the entity resulting from such Business Combination were members of
the Incumbent Board at the time of the execution of the initial agreement, or of
the action of the Board, providing for such Business Combination; or

               (D)   Approval by the shareholders of the Corporation of a
complete liquidation or dissolution of the Corporation.

               Any other provision of this Agreement to the contrary
notwithstanding, a "Change in Control" shall not include any transaction
described in subparagraph (A) or (C), above, where, in connection with such
transaction, the Executive and/or any party acting in concert with the Executive
substantially increases his or its, as the case may be, ownership interest in
the Corporation or a successor to the Corporation (other than through conversion
of prior ownership interests in the Corporation and/or through equity awards
received entirely as compensation for past or future personal services).

               (iv)  "Date of Termination" shall mean (A) in the event of a
discharge of the Executive by the Board for Cause, the date specified in such
Notice of Termination, (B) in the event of a discharge of the Executive without
Cause or a resignation by the Executive, the date specified in the written
notice to the Executive (in the case of discharge) or the Corporation (in the
case of resignation), which date shall be no less than fifteen (15) days from
the date of such written notice, (C) in the event of the Executive's death, the
date of the Executive's death, and (D) in the event of termination of the
Executive's employment by reason of disability pursuant to Paragraph 7(a), the
date the Executive receives written notice of such termination.

               (v)   "Good Reason" shall mean any of the following without the
consent of the Executive: (A) the failure to re-elect the Executive as Group
Managing Director-Retail Finance, (B) assignment of duties inconsistent with the
Executive's position, authority, duties or responsibilities, or any other action
by the Corporation which results in a substantial diminution of such position,
authority, duties or responsibilities, other than an isolated, insubstantial and
inadvertent action not taken in bad faith and which is remedied by the
Corporation promptly after receipt of notice thereof given by the Executive, (C)
any failure by the Corporation to comply with any of the provisions of this
Agreement, including (but not by way of limitation) those provisions regarding
compensation and benefits, other than an isolated, insubstantial and inadvertent
action not taken in bad faith and which is remedied by the Corporation promptly
after receipt of notice thereof given by the Executive, or (D) the Corporation
giving notice to the Executive to stop further operation of the evergreen
feature described in Paragraph 1(b), above. However, during the period of three
(3) years after a Change in Control, "Good Reason" shall also include the
Executive being reassigned, without the Executive's consent, to an office
location outside of the San Diego,

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California metropolitan area. In addition, termination by the Executive for any
reason during the sixty (60)-day period which begins six (6) months after a
Change in Control shall be deemed to be a termination for Good Reason; provided,
however, that if the Executive dies after a Change in Control but less than six
(6) months after a Change in Control, the Executive will be deemed to have
terminated employment for Good Reason six (6) months after the Change in
Control.

               (vi) "Qualifying Termination" shall mean termination of the
Executive's employment under this Agreement (A) by reason of the discharge of
the Executive by the Corporation other than for Cause or disability or (B) by
reason of the resignation of the Executive for Good Reason within six (6) months
after an event constituting Good Reason or (C) in accordance with the last
sentence of the definition of Good Reason in subparagraph (v), above.

     8.  Vesting of Equity Awards Upon a Change in Control.  Immediately upon
the Change in Control, all stock options, restricted stock and other equity
awards previously made to the Executive which are not otherwise vested shall
vest in full, and all such options shall remain exercisable for the period
provided for the applicable plan or award agreement.

     9.  Obligations of the Corporation Upon Termination.  The following
provisions describe the obligations of the Corporation to the Executive under
this Agreement upon termination of his employment.  However, except as
explicitly provided in this Agreement, nothing in this Agreement shall limit or
otherwise adversely affect any rights which the Executive may have under
applicable law, under any other agreement with the Corporation or any of its
subsidiaries, or under any compensation or benefit plan, program, policy or
practice of the Corporation or any of its subsidiaries.

         (a)  Death, Disability, Discharge for Cause, or Resignation Without
Good Reason.  In the event this Agreement terminates by reason of the death or
disability of the Executive, or by reason of the discharge of the Executive by
the Corporation for Cause, or by reason of the resignation of the Executive
other than for Good Reason, the Corporation shall pay to the Executive, or his
heirs or estate, in the event of the Executive's death, all Accrued Obligations
in a lump sum within thirty (30) days after the Date of Termination; provided,
however, that any portion of the Accrued Obligations which consists of bonus,
deferred compensation, or incentive compensation shall be determined and paid in
accordance with the terms of the relevant plan as applicable to the Executive.

         (b)  Death, Disability or Retirement.  In the event that Executive's
employment is terminated by death, disability or retirement under a retirement
plan of the Corporation, the Executive shall be entitled to receive, in addition
to the compensation and benefits described in paragraph (a), above, a pro rata
cash bonus for the year in which the Date of Termination occurs, determined and
paid in accordance with the terms of the then current annual bonus plan
applicable to the Executive.

         (c)  Qualifying Termination Without a Change in Control.  In the event
of a Qualifying Termination without a Change in Control, the Executive shall,
upon executing

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and delivering a release of liability satisfactory to the Corporation, receive
the following benefits:

               (i)   Payment of all Accrued Obligations in a lump sum within
thirty (30) days after the Date of Termination; provided, however, that any
portion of the Accrued Obligations which consists of bonus, deferred
compensation or incentive compensation shall be determined and paid in
accordance with the terms of the relevant plan as applicable to the Executive,

               (ii)  Payment in a lump sum within thirty (30) days after the
Date of Termination of a salary replacement amount equal to one hundred fifty
percent (150%) of the Executive's base salary as in effect prior to the
termination,

               (iii) Payment in a lump sum within thirty (30) days after the
Date of Termination of a bonus replacement amount equal to one hundred fifty
percent (150%) of the average of the annual bonuses payable to the Executive for
the three (3) years preceding the year in which the Date of Termination occurs,

               (iv)  Continuation, for a period of eighteen (18) months after
the Date of Termination, of health insurance benefits under the Consolidated
Omnibus Budget Reconciliation Act ("COBRA") with the cost of such benefits to be
paid by the Corporation, but such benefits may be discontinued earlier to the
extent that the Executive becomes entitled to comparable benefits from a
subsequent employer,

               (v)   Immediate pro rata vesting of all stock options, restricted
stock and other equity or incentive compensation awards to the Executive which
are not otherwise fully vested, with all options to remain exercisable for the
period provided for in the applicable plan or award agreement. The proration of
each award shall be done by multiplying the full award by a fraction, the
numerator of which shall be the number of full months between the date of grant
and the Date of Termination, and the denominator of which shall be the number of
full months in the period of employment required for full vesting under the
original terms of the award, and

               (vi)  Outplacement services, at the expense of the Corporation,
from a provider reasonably selected by the Executive.

In addition, the Executive may, in the discretion of the Compensation Committee,
be awarded a pro rata cash bonus for the year in which the Date of Termination
occurs.

         (d)   Qualifying Termination After a Change in Control.  In the event
of a Qualifying Termination within three (3) years after a Change in Control,
the Executive shall receive, in addition to the compensation and benefits
described in subparagraphs (c)(i) and (c)(vi), above, the following benefits:

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               (i)   A pro rata cash bonus for the year in which the Date of
Termination occurs, determined and paid in accordance with the terms of the then
current annual bonus plan applicable to the Executive,

               (ii)  Payment in a lump sum within thirty (30) days after the
Date of Termination of a salary replacement amount equal to three hundred
percent (300%) of the Executive's base salary as in effect prior to the
termination,

               (iii) Payment in a lump sum within thirty (30) days after the
Date of Termination of a bonus replacement amount equal to three hundred percent
(300%) of the highest of the annual bonuses payable to the Executive for the
three (3) years preceding the year in which the Date of Termination occurs,

               (iv)  Continuation, for a period of three (3) years after the
Date of Termination, of the following welfare benefits and senior executive
perquisites on terms at least as favorable to the Executive as those which would
have been provided if the Executive's employment had continued for that time
pursuant to this Agreement: medical and dental benefits, life and disability
insurance, executive physical examinations, and automobile and financial
counseling allowances, with the cost of such benefits to be paid by the
Corporation. To the extent the Corporation is unable to provide comparable
insurance for reasons other than cost, the Corporation may provide a lesser
level or no coverage and compensate the Executive for the difference in coverage
through a cash lump sum payment grossed up for taxes. This payment will be tied
to the cost of an individual insurance policy if it were assumed to be
available,

               (v)   Immediate vesting of the Executive's interests in all non-
qualified or supplemental retirement plans in which the Executive participates
(including, but not by way of limitation, supplemental Section 401(k) plans),
calculated on the basis of the Executive's actual period of service plus three
(3) years, giving effect for that additional period to the salary replacement
and bonus replacement amounts described in subparagraphs (ii) and (iii), above,
and taking into account the maximum matching contributions by the Corporation
under qualified and supplemental Section 401(k) plans.

          (e)  Termination of Employment Prior to Change in Control.  Anything
in this Agreement to the contrary notwithstanding, if a Change in Control occurs
and if the Executive's employment with the Corporation is terminated within six
(6) months prior to the date on which the Change in Control occurs, and if it is
reasonably demonstrated by the Executive that such termination of employment (i)
was at the request of a third party who was taking steps reasonably calculated
to effect a Change in Control or (ii) otherwise arose in connection with or in
anticipation of a Change in Control, then for all purposes of this Agreement the
termination of the Executive's employment shall be deemed to have occurred
immediately after the Change in Control.

     10.  Certain Additional Payments by the Corporation.  The Corporation
agrees that:

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          (a) Anything in this Agreement to the contrary notwithstanding, in the
event it shall be determined that any payment or distribution by the Corporation
to or for the benefit of the Executive (whether paid or payable or distributed
or distributable pursuant to the terms of this Agreement or otherwise, but
determined without regard to any additional payments required under this
Paragraph 10) (a "Payment") would be subject to the excise tax imposed by
Section  4999 of the Internal Revenue Code of 1986, as amended, (the "Code") or
if any interest or penalties are incurred by the Executive with respect to such
excise tax (such excise tax, together with any such interest and penalties,
being hereinafter collectively referred to as the "Excise Tax"), then the
Executive shall be entitled to receive an additional payment (a "Gross-Up
Payment") in an amount such that, after payment by the Executive of all taxes
(including any interest or penalties imposed with respect to such taxes),
including, without limitation, any income taxes (and any interest and penalties
imposed with respect thereto) and Excise Tax imposed upon the Gross-Up Payment,
the Executive retains an amount of the Gross-Up Payment equal to the Excise Tax
imposed upon the Payment.

          (b) Subject to the provisions of paragraph (c), below, all
determinations required to be made under this Paragraph 10, including whether
and when a Gross-Up Payment is required and the amount of such Gross-Up Payment
and the assumptions to be utilized in arriving at such determination, shall be
made by the accounting firm which is then serving as the auditors for the
Corporation (the "Accounting Firm"), which shall provide detailed supporting
calculations both to the Corporation and the Executive within fifteen (15)
business days of the receipt of notice from the Executive that there has been a
Payment, or such earlier time as is requested by the Corporation.  In the event
that the Accounting Firm is serving as accountant or auditor for the individual,
entity or group effecting the Change in Control, the Executive shall appoint
another nationally recognized accounting firm to make the determinations
required hereunder (which accounting firm shall then be referred to as the
Accounting Firm hereunder).  All fees and expenses of the Accounting Firm shall
be borne solely by the Corporation.  Any Gross-Up Payment, as determined
pursuant to this Paragraph 10, shall be paid by the Corporation to the Executive
within five (5) days of the receipt of the Accounting Firm's determination.  If
the Accounting Firm determines that no Excise Tax is payable by the Executive,
it shall furnish the Executive with a written opinion that failure to report the
Excise Tax on the Executive's applicable federal income tax return would not
result in the imposition of a negligence or similar penalty.  Any good faith
determination by the Accounting Firm shall be binding upon the Corporation and
the Executive.  As a result of the uncertainty in the application of Section
4999 of the Code at the time of the initial determination by the Accounting Firm
hereunder, it is possible that Gross-Up Payments which will not have been made
by the Corporation should have been made ("Underpayment"), consistent with the
calculations required to be made hereunder.  In the event that the Corporation
exhausts its remedies pursuant to paragraph (c), below, and the Executive
thereafter is required to make a payment of any Excise Tax, the Accounting Firm
shall determine the amount of the Underpayment that has occurred and any such
Underpayment shall be promptly paid by the Corporation to or for the benefit of
the Executive.

          (c) The Executive shall notify the Corporation in writing of any claim
by the Internal Revenue Service that, if successful, would require the payment
by the

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Corporation of a Gross-Up Payment.  Such notification shall be given as
soon as practicable but no later than fifteen (15) business days after the
Executive is informed in writing of such claim and shall apprise the Corporation
of the nature of such claim and the date on which such claim is requested to be
paid.  The Executive shall not pay such claim prior to the expiration of the
thirty (30)-day period following the date on which Executive gives such notice
to the Corporation (or such shorter period ending on the date that any payment
of taxes with respect to such claim is due).  If the Corporation notifies the
Executive in writing prior to the expiration of such period that it desires to
contest such claim, the Executive shall:

               (i)   Give the Corporation any information reasonably requested
by the Corporation relating to such claim,

               (ii)  Take such action in connection with contesting such claim
as the Corporation shall reasonably request in writing from time to time,
including, without limitation, accepting legal representation with respect to
such claim by an attorney reasonably selected by the Corporation,

               (iii) Cooperate with the Corporation in good faith in order
effectively to contest such claim, and

               (iv)  Permit the Corporation to participate in any proceedings
relating to such claim;

provided, however, that the Corporation shall bear and pay directly all costs
and expenses (including additional interest and penalties) incurred in
connection with such contest and shall indemnify and hold the Executive
harmless, on an after-tax basis, for any Excise Tax or income tax (including
interest and penalties with respect thereto) imposed as a result of such
representation and payment of costs and expenses. Without limiting the foregoing
provisions of this paragraph (c), the Corporation shall control all proceedings
taken in connection with such contest and, at its sole option, may pursue or
forego any and all administrative appeals, proceedings, hearings and conferences
with the taxing authority in respect of such claim and may, at its sole option,
either direct the Executive to pay the tax claimed and sue for a refund or
contest the claim in any permissible manner; and the Executive agrees to
prosecute such contest to a determination before any administrative tribunal, in
a court of initial jurisdiction and in one or more appellate courts, as the
Corporation shall determine; provided, however, that if the Corporation directs
the Executive to pay such claim and sue for a refund, the Corporation shall
advance the amount of such payment to the Executive on an interest-free basis
and shall indemnify and hold the Executive harmless, on an after-tax basis, from
any Excise Tax or income tax (including interest or penalties with respect
thereto) imposed with respect to such advance or with respect to any imputed
income with respect to such advance; and further provided that any extension of
the statute of limitations relating to payment of taxes for the taxable year of
the Executive with respect to which such contested amount is claimed to be due
is limited solely to such contested amount. Furthermore, the Corporation's
control of the contest shall be limited to issues with respect to which a Gross-
Up Payment would be payable hereunder and the Executive shall be entitled to
settle or contest, as the

                                      11
<PAGE>

case may be, any other issue raised by the Internal Revenue Service or any other
taxing authority.

          (d) If, after the receipt by the Executive of an amount advanced by
the Corporation pursuant to paragraph (c), above, the Executive becomes entitled
to receive any refund with respect to such claim, the Executive shall (subject
to the Corporation's complying with the requirements of said paragraph (c))
promptly pay to the Corporation the amount of such refund (together with any
interest paid or credited thereon, after taxes applicable thereto).  If, after
the receipt by the Executive of an amount advanced by the Corporation pursuant
to said paragraph (c), a determination is made that the Executive shall not be
entitled to any refund with respect to such claim and the Corporation does not
notify the Executive in writing of its intent to contest such denial of refund
prior to the expiration of thirty (30) days after such determination, then such
advance shall be forgiven and shall not be required to be repaid; and the amount
of such advance shall offset, to the extent thereof, the amount of the Gross-Up
Payment required to be paid.

     11.  No Set-Off or Mitigation.  The Corporation's obligation to make the
payments provided for in this Agreement and otherwise to perform its obligations
hereunder shall not be affected by any set-off, counterclaim, recoupment,
defense or other claim, right or action which the Corporation may have against
the Executive or others.  In no event shall the Executive be obligated to seek
other employment or take any other action by way of mitigation of the amounts
payable to the Executive under any of the provisions of this Agreement, and such
amounts shall not be reduced whether or not the Executive obtains other
employment.

     12.  Payment of Certain Expenses.  The Corporation agrees to pay promptly
as incurred, to the fullest extent permitted by law, all legal fees and expenses
which the Executive may reasonably incur as a result of any contest by the
Corporation, the Executive or others of the validity or enforceability of, or
liability under, any provision of this Agreement (including as a result of any
contest initiated by the Executive about the amount of any payment due pursuant
to this Agreement), plus in each case interest on any delayed payment at the
applicable federal rate provided for in Section  7872(f)(2)(A) of the Code;
provided, however, that the Corporation shall not be obligated to make such
payment with respect to any contest in which the Corporation prevails over the
Executive.

     13.  Indemnification.  To the full extent permitted by law, the Corporation
shall, both during and after the term of the Executive's employment, indemnify
the Executive (including the advancement of expenses) for any judgments, fines,
amounts paid in settlement and reasonable expenses, including attorneys' fees,
incurred by the Executive in connection with the defense of any lawsuit or other
claim to which he is made a party by reason of being (or having been) an
officer, director or employee of the Corporation or any of its subsidiaries.  In
addition, the Executive shall be covered, both during and after the term of the
Executive's employment, by director and officer liability insurance to the
maximum extent that such insurance covers any officer or director (or former
officer or director) of the Corporation.

                                       12
<PAGE>

     14.  Confidentiality.  During and after the period of employment with the
Corporation, the Executive shall not, without prior written consent from the
Chief Executive Officer or the General Counsel of the Corporation directly or
indirectly disclose to any individual, corporation or other entity, other than
to the Corporation or any subsidiary or affiliate thereof or their officers,
directors or employees entitled to such information or any other person or
entity to whom such information is disclosed in the normal course of the
business of the Corporation) or use for the Executive's own benefit or for the
benefit of any such individual, corporation or other entity, any Confidential
Information of the Corporation.  For purposes of this Agreement, "Confidential
Information" is information relating to the business of the Corporation or its
subsidiaries or affiliates (a) which is not generally known to the public or in
the industry, (b) which has been treated by the Corporation and its subsidiaries
and affiliates as confidential or proprietary, (c) which provides the
Corporation or its subsidiaries or affiliates with a competitive advantage, and
(d) in the confidentiality of which the Corporation has a legally protectable
interest.  Confidential Information which becomes generally known to the public
or in the industry, or in the confidentiality of which the Corporation and its
subsidiaries and affiliates cease to have a legally protectable interest, shall
cease to be subject to the restrictions of this Paragraph 14.

     15.  Binding Effect.  This Agreement shall be binding upon and inure to the
benefit of the heirs and representatives of the Executive and the successors and
assigns of the Corporation.  The Corporation shall require any successor
(whether direct or indirect, by purchase, merger, reorganization, consolidation,
acquisition of property or stock, liquidation, or otherwise) to all or a
substantial portion of its assets, by agreement in form and substance reasonably
satisfactory to the Executive, expressly to assume and agree to perform this
Agreement in the same manner and to the same extent that the Corporation would
be required to perform this Agreement if no such succession had taken place.
Regardless of whether such an agreement is executed, this Agreement shall be
binding upon any successor of the Corporation in accordance with the operation
of law, and such successor shall be deemed the "Corporation" for purposes of
this Agreement.

     16.  Notices.  All notices, requests, demands and other communications
hereunder shall be in writing and shall be deemed to have been duly given if
delivered by hand or by recognized commercial delivery service or if mailed
within the continental United States by first class certified mail, return
receipt requested, postage prepaid, addressed as follows:

                                       13
<PAGE>

          (1)  If to the Board or the Corporation, to:

               Household International, Inc.
               2700 Sanders Road
               Prospect Heights, Illinois  60070
               Attention:  Senior Vice President-Human Resources

          (2)  If to the Executive, to:

               Rocco J. Fabiano
               1646 Lugano Lane
               Del Mar, California 92014

Such addresses may be changed by written notice sent to the other party at the
last recorded address of that party.

     17.  Tax Withholding.  The Corporation shall provide for the withholding of
any taxes required to be withheld by federal, state, or local law with respect
to any payment in cash, shares of stock and/or other property made by or on
behalf of the Corporation to or for the benefit of the Executive under this
Agreement or otherwise.  The Corporation may, at its option: (a) withhold such
taxes from any cash payments owing from the Corporation to the Executive, (b)
require the Executive to pay to the Corporation in cash such amount as may be
required to satisfy such withholding obligations and/or (c) make other
satisfactory arrangements with the Executive to satisfy such withholding
obligations.

     18.  Arbitration.  Except as to any controversy or claim which the
Executive elects, by written notice to the Corporation, to have adjudicated by a
court of competent jurisdiction, any controversy or claim arising out of or
relating to this Agreement or the breach hereof shall be settled by arbitration
in accordance with the laws of the State of Illinois, except for the provisions
of paragraph 23 where the laws of the State of California shall apply.  The
arbitration shall be conducted in accordance with the rules of the American
Arbitration Association.  The costs and expenses of the arbitrator(s) shall be
borne by the Corporation.  The award of the arbitrator(s) shall be binding upon
the parties.  Judgment upon the award rendered by the arbitrator(s) may be
entered in any court having jurisdiction.  In those cases where money damages
may not be a sufficient remedy for any breach of this Agreement, the Corporation
and the Executive shall be entitled to equitable relief, including injunction,
in addition to all other remedies available at law or equity to the Corporation
and the Executive.

     19.  No Assignment.  Except as otherwise expressly provided herein, this
Agreement is not assignable by any party and no payment to be made hereunder
shall be subject to anticipation, alienation, sale, transfer, assignment,
pledge, encumbrance or other charge.

                                       14
<PAGE>

     20.  Execution in Counterparts.  This Agreement may be executed by the
parties hereto in two (2) or more counterparts, each of which shall be deemed to
be an original, but all such counterparts shall constitute one and the same
instrument, and all signatures need not appear on any one counterpart.

     21.  Jurisdiction and Governing Law.  Other than the conflict of laws
provisions of such laws, this Agreement shall be construed and interpreted in
accordance with and governed by the laws of the State of Illinois, except for
the provision of paragraph 23 where the laws of the State of California shall
apply.

     22.  Severability.  If any provision of this Agreement shall be adjudged by
any court of competent jurisdiction to be invalid or unenforceable for any
reason, such judgment shall not affect, impair or invalidate the remainder of
this Agreement.  Furthermore, if the scope of any restriction or requirement
contained in this Agreement is too broad to permit enforcement of such
restriction or requirement to its full extent, then such restriction or
requirement shall be enforced to the maximum extent permitted by law, and the
Executive consents and agrees that any court of competent jurisdiction may so
modify such scope in any proceeding brought to enforce such restriction or
requirement.

     23.  Non-Competition After Sale.   In consideration of the fact that a
subsidiary of the Corporation purchased all of the Executive's shares of ACC
Consumer Finance Corporation on October 21, 1997, the Executive agrees that
during the 3 year period ending on October 20, 2000, the Executive will not
invest or engage in any business which is principally a sub-prime consumer auto
lender (a "Competitor") within the United States or Canada or accept employment
with or render services to any Competitor within the United States or Canada and
during the 2 year period commencing October 21, 2000, the Executive will not
invest or engage in any business which is a Competitor within the United States
or Canada or accept employment with or render services to any Competitor within
the United States or Canada unless that Competitor has been in existence and
operating for more than three (3) years at that time.  For the period ending one
(1) year after the date of termination, the Executive will not solicit to hire
any employee of the Corporation or its subsidiaries which would result in a
termination of his or her employment with the Corporation or any of its
subsidiaries in order to join any company or organization in which the Executive
has an interest, financially or otherwise.  The provisions of this paragraph
shall terminate upon a Change in Control.

     24.  Prior Understandings.  This Agreement embodies the entire
understanding of the parties hereto and supersedes all other oral or written
agreements or understandings between them regarding the subject matter hereof,
including but not by way of limitation the Employment Agreement dated August 23,
1997 between the Executive and ACC Consumer Finance Corporation (now known as
Household Automotive Finance Corporation), a  subsidiary of the Corporation, and
any other employment agreement entered into by and between the Executive and ACC
Consumer Finance and American Credit Corporation and/or any subsidiary or
affiliate thereof, including the agreement dated November 1, 1995.  No change,
alteration or modification hereof may be made except in a writing, signed by
each of the parties hereto.  The headings in this Agreement are for convenience
of reference only and shall not be construed as part of this Agreement or to
limit or otherwise affect the meaning hereof.

                                       15
<PAGE>

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

Attest:                             HOUSEHOLD INTERNATIONAL, INC.

/s/ Kenneth H. Robin                By: /s/ William F. Aldinger
-------------------------------         ----------------------------------------
Kenneth H. Robin                    Title: Chairman and Chief Executive Officer
Senior Vice President-General
Counsel and Corporate Secretary

                                    /s/ Rocco J. Fabiano
                                    --------------------------------------------
                                                Rocco J. Fabiano

                                       16
<PAGE>

                          HOUSEHOLD INTERNATIONAL, INC.

                                  AMENDMENT TO
                              EMPLOYMENT AGREEMENT

     This AMENDMENT TO EMPLOYMENT AGREEMENT is made effective as of April 1,
1999, by and between Household International, Inc. a Delaware corporation (the
"Corporation"), a Delaware corporation and (the "Executive").

     WHEREAS, the Corporation and Executive entered into a Employment Agreement
dated as of April 1, 1999 (hereinafter referred to as the "Agreement"); and

     WHEREAS, the Corporation and Executive deem it desirable to set forth more
clearly certain continuing obligations under the Agreement;

     NOW, THEREFORE, in consideration of the foregoing and the mutual covenants
contained in the Agreement, the Corporation and Executive agree as follows:

     1.   The Agreement shall be amended by adding at the end of Paragraph 7
thereof the following Paragraph 7(e):

               "(e). Continuing Obligations. Notwithstanding the termination of
          this Agreement pursuant to Paragraph 7(a), 7(b) or 7(c) above, or upon
          the expiration of the term described in Paragraph 1 above, the
          respective covenants, agreements and obligations of the Corporation
          and the Executive set forth hereinafter shall continue."

     2.   Except as specifically set forth herein, the Agreement shall continue
in full force and effect.

     IN WITNESS WHEREOF, Household International, Inc. has caused this Amendment
to Employment Agreement to be executed by its duly authorized officers, and
Executive has signed this Amendment, effective as of the 1st day of April, 1999.

ATTEST:                                   HOUSEHOLD INTERNATIONAL, INC.

/s/  Kenneth H. Robin                          /s/  Colin P. Kelly
______________________________________    By:__________________________________
Kenneth H. Robin                          Senior Vice President-Human Resources
Senior Vice President-General Counsel
and Corporate Secretary                   EXECUTIVE:

                                          /s/  Rocco J. Fabiano
                                          ____________________________________
                                                   Rocco J. Fabiano

                                       17
<PAGE>

                          HOUSEHOLD INTERNATIONAL, INC

                               SECOND AMENDMENT TO
                              EMPLOYMENT AGREEMENT

     This SECOND AMENDMENT TO EMPLOYMENT AGREEMENT is made effective as of
January 1, 2000 by and between Household International, Inc., a Delaware
corporation, (the "Corporation"), and Rocco J. Fabiano (the "Executive").

     WHEREAS, the Corporation and the Executive entered into an employment
agreement dated as of April 1, 1999 (hereinafter referred to as the
"Agreement"); and

     WHEREAS, the Agreement has been amended and the Corporation and the
Executive deem it desirable to further amend the Agreement;

     NOW, THEREFORE, in consideration of the foregoing and the mutual covenants
contained in the Agreement, the Corporation and the Executive agree as follows:

     1.   The Agreement shall be amended by substituting the title "Group
          Executive" for the title "Group Managing Director - Retail Finance"
          where it appears in the first sentence of Paragraph 1(a), in the first
          sentence of Paragraph 2 and in subparagraph 7(d)(v)(A) of the
          Agreement.

     2.   The Agreement shall be amended by substituting the figure "$500,000"
          for the figure "$350,000" where it appears in the first sentence of
          Paragraph 3(a) of the Agreement.

     3.   Except as specifically set forth herein, this Agreement shall continue
          in full force and effect.

     IN WITNESS WHEREOF, Household International, Inc. has caused this Amendment
to Employment Agreement to be executed by its duly authorized officers, and the
Executive has signed this Second Amendment, as of this 5th day of September
2000.

<TABLE>
<CAPTION>
<S>                                       <C>
ATTEST:                                   HOUSEHOLD INTERNATIONAL, INC.

/s/  Kenneth H. Robin                         /s/  Colin P. Kelly
_______________________________           By___________________________________
Kenneth H. Robin                              Colin P. Kelly
Senior Vice President - General Counsel       Senior Vice President - Administration
And Corporate Secretary

                                          EXECUTIVE:

                                          /s/  Rocco J. Fabiano
                                          ______________________________________
                                          Rocco J. Fabiano
</TABLE>

                                       18<PAGE>

                                                                   EXHIBIT 10.16

                             AMENDED AND RESTATED
                  WFA SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

          WHEREAS, Household International, Inc., by resolution of its Board of
Directors dated November 14, 2000, has authorized its proper officers to adopt
the Amended and Restated WFA Supplemental Executive Retirement Plan,

          NOW, THEREFORE, the Amended and Restated WFA Supplemental Executive
Retirement Plan is adopted as follows:

          1.   Adoption of Plan. William F. Aldinger ("WFA") is a participant in
the Household Retirement Income Plan ("RIP") and a participant in the Household
Supplemental Retirement Income Plan ("SRIP"). The WFA Supplemental Executive
Retirement Plan was previously adopted to supplement the benefits payable to WFA
under RIP SRIP. The Board of Directors has determined to amend the WFA
Supplemental Executive Retirement Plan as set forth in this Amended and Restated
WFA Supplemental Executive Retirement Plan (hereafter called the "Plan).

          2.   Eligible Employees. WFA is the only employee of Household
International, Inc. ("Household") eligible to participate in the Plan.

          3.   Vesting of Benefits. WFA shall at all times be fully vested in
his benefits under the Plan.

          4.   Amount of Benefit. WFA shall be eligible to receive a benefit
under this Plan equal to his benefit under the RIP benefit formula as in effect
in 1989 (without the application of any Internal Revenue Code limitations)
calculated by adding 20 years of benefit service to his actual years of benefit
service under RIP. Notwithstanding any provision of this Plan to the contrary,
the benefit computed under the preceding sentence shall not be changed after
June 25, 2007 (WFA's 60/th/ birthday) to reflect either additional benefit
service or a change in WFA's Final Average Salary. The benefit derived under the
preceding sentences shall be calculated as a monthly single life annuity payable
commencing immediately upon WFA's termination of employment, using (if
applicable) the early commencement reduction factors set forth in RIP. The
amount of the monthly benefit under this Plan shall be offset by an aggregate
monthly single life annuity equal in actuarial value to any monthly single life
annuities WFA is eligible to receive under RIP and SRIP, and under Wells Fargo's
and Citicorp's defined benefit pension plans. In the event that the benefit
under this Plan is computed using the June 25, 2007 until the date of
distribution at the prime rate of interest as from time to time published in the
The Wall Street Journal, Midwest Edition.
-----------------------

          5.   Effect of Certain Terminations of Employment Prior to January 1,
2003. In the event WFA's employment with Household and all of its subsidiaries
terminates for Cause (as defined in the Employment Agreement dated as of January
1, 1999 between Household and WFA, such Employment Agreement hereinafter
referred to as the "Employment Agreement") no benefits shall be payable under
this Plan. In the event WFA terminates his employment with

                                       1

<PAGE>

Household and all of its subsidiaries for other than a Qualifying Termination of
Employment (as defined in the Employment Agreement), then the benefit payable
under this Plan shall be equal to a percentage of the benefit determined under
Paragraph 4 as of January 1, 2003 using WFA's projected benefit service as of
January 1, 2003 and his Final Average Salary as of his date of termination,
which percentage shall be determined in accordance with the following schedule:

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

Date of Termination:                         Percentage:

--------------------------------------------------------------------------------
January 1, 2001 through December 31, 2001    33.33%
--------------------------------------------------------------------------------
January 1, 2002 through December 31, 2002    66.67%
--------------------------------------------------------------------------------

          6.   Calculation of Benefit. For purposes of determining the benefits
hereunder, WFA's Final Average Salary shall be as defined in the RIP (but
without any limits imposed by Section 401(a)(17) of the Internal Revenue Code);
provided, however, that if WFA's termination of employment is a Qualifying
Termination of Employment, then for purpose of determining his benefit hereunder
(A) WFA's Final Average Salary shall be determined as if his employment
continued for another 24 months and the lump sum salary and bonus replacement
amounts payable to him under the Employment Agreement on account of such
Qualifying Termination of Employment were paid ratably to him over such 24-month
period, and (B) WFA's years of benefit service shall be determined as if his
employment continued for such 24-month period. In the event that the Qualifying
Termination of Employment occurs within six months prior to, or on or after, a
Change in Control (as defined in the Employment Agreement), for purposes of
determining his benefit hereunder, (I) WFA's Final Average Salary amount shall
be determined as if his employment continued for another 36 months and the lump
sum salary and bonus replacement amounts payable to him under the Employment
Agreement on account of such Qualifying Termination of Employment were paid
ratably to him over such 36-month period, and (II) WFA's benefit service shall
be calculated as if his employment continued for such 36-month period.

          7.   Form of Payment. The benefits under this Plan shall be paid to
WFA (or, in the event of his death, his spouse or other designated beneficiary)
in accordance with this Paragraph 7. As of the date of WFA's termination of
employment, the single life annuity payable to WFA shall be converted into an
actuarially equivalent lump sum value (hereinafter referred to as the "Lump Sum
Amount") as of the date of WFA's termination, using the actuarial factors
applicable to lump sum payments as are then in effect under RIP. Such Lump Sum
Amount shall be paid in five equal installments, the first to be made no later
than thirty days after the termination of WFA's employment, and the second
through fifth installments to be made on the first through fourth anniversaries
of WFA's termination of employment. The second through fifth installments shall
be accompanied by interest credited on the unpaid balance at the prime rate of
interest as from time to time published in The Wall Street Journal, Midwest
Edition. Notwithstanding the foregoing, the Senior Vice President -
Administration of Household, or his successor, may approve an alternative form
of benefit, including a single lump sum payment of the Lump Sum Amount. To the
extent that WFA shall have elected, prior to the January 1 of the calendar year
in which his termination of employment occurs, that his benefit under the Plan
be paid in a single lump sum amount, or in any other form of payment offered
under RIP which is actuarially equivalent to the Lump Sum Amount, determined in
accordance with the factors used under RIP, then the Senior President -
Administration of Household or his successor shall

                                       2
<PAGE>

be obligated to approve such form of payment. The form of benefit chosen under
the Plan may differ from that elected under RIP or SRIP. In the event that a
payment required to be made under this Paragraph 7 would not be fully deductible
by Household if paid in one taxable year, then the payment will be spread over
the minimum number of years needed to allow for full deductibility by Household.
The amounts not immediately paid in accordance with the preceding sentence will
be credited with interest at the prime rate referred to above, up until the date
of distribution.

          8.   Death Benefit. If WFA should die after payment of benefits to him
under the Plan has begun, then payments will cease or continue in accordance
with the manner of payment selected. If WFA should die before payments commence,
then the benefit under the Plan to which he would have been entitled had his
employment terminated on the day before his death will be paid to his spouse or
other beneficiary designated by him.

          9.   Financing of the Plan. The benefits provided under the Plan shall
be paid directly by Household, and the Plan shall not create a funded account or
security interest for the benefit of any person. Notwithstanding the foregoing,
this Plan shall constitute a "Contract" and WFA shall be an "Executive" within
the meaning of the Household International, Inc. Grantor Trust Agreement for
Employees and Former Employees, as may from time to time be amended (such trust
and any successor thereto or replacement thereof hereinafter referred to as the
"Grantor Trust"). Upon the occurrence of a Funding Date (as defined in the
Grantor Trust), the Company shall pay to the Grantor Trust the amounts required
thereby with respect to the benefits hereunder and take such other actions as
are appropriate to protect such benefits. If the Grantor Trust is terminated or
amended in a manner adverse to WFA, then upon a Change in Control (as defined in
Section 4.01 of the Grant or Trust) the Company shall establish a replacement
trust in form and substance reasonably acceptable to WFA and shall deliver to
the replacement trust cash of a value sufficient to provide for the payment of
all accrued benefits under this Plan.

          10.  Amendment and Termination. The Plan may be amended from time to
time or terminated by Household with the consent of WFA.

          IN WITNESS WHEREOF, the undersigned has caused this instrument to be
executed in its name and on its behalf and its corporate seal to be hereunto
affixed and attested by its officers thereunto duly authorized this __ day of
December, 2000.

                                          HOUSEHOLD INTERNATIONAL, INC.

                                          /s/  Colin P. Kelly
                                          ------------------------------
                                      By  Colin P. Kelly
(Corporate Seal)                          Senior Vice President- Administration

ATTEST:

/s/ Kenneth H. Robin
--------------------------------
Kenneth H. Robin
Senior Vice President
General Counsel and Secretary

                                       3

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