Document:

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                                                                 Exhibit 10.46.3
                                                                 ---------------

                     SECOND AMENDMENT TO EXECUTIVE AGREEMENT
                     ---------------------------------------

         THIS AMENDMENT TO EXECUTIVE AGREEMENT (the "Amendment") entered into as
of October ___, 2000, by and among DONALD J. TRUMP (the "Executive"), TRUMP
HOTELS & CASINO RESORTS, INC., a Delaware corporation (the "Company"), and TRUMP
HOTELS & CASINO RESORTS HOLDINGS, L.P., a Delaware limited partnership ("Trump
Holdings").

                                   WITNESSETH:

         WHEREAS, the Executive, the Company and Trump Holdings are parties to
that certain Executive Agreement dated as of June 12, 1995, as amended by that
certain Amendment to Executive Agreement dated as of May 16, 1996 (as so
amended, the "Executive Agreement");

         WHEREAS, the term of the employment agreement of the Company's former
president and chief executive officer has expired;

         WHEREAS, the Company desires the Executive to assume the
responsibilities of president and chief executive officer of the Company, and
the Executive is willing to assume such position;

         WHEREAS, the Executive, the Company and Trump Holdings wish to amend
the Executive Agreement to reflect the additional responsibilities being assumed
by the Executive; and

         WHEREAS, the Company's Board of Directors, Special Committee of the
Board of Directors and Compensation Committee of the Board of Directors have
approved this Amendment.

         NOW THEREFORE, in consideration of the promises and mutual covenants
contained herein and in the Executive Agreement, the parties hereto agree to
amend the Executive Agreement in accordance with Section 4.13 thereof, as
follows:

         1.       Definitions.  Capitalized  terms not otherwise defined herein
                  ------------
                  shall have the same meanings as ascribed to them in the
                  Executive Agreement.

         2.       Amendments.
                  -----------

                  (a)      The first sentence of Section 1.1 of the Executive
                           Agreement is hereby amended by adding a comma and
                           inserting the phrase "President and Chief Executive
                           Officer" immediately after the work "Board."

                  (b)      Section 2.1 of the Executive Agreement is hereby
                           amended by deleting the word "three" on each of the
                           third, fifth and eighth lines thereof and
                           substituting in its place and stead the word "five."

                  (c)      Section 3.1 of the Executive Agreement is hereby
                           amended and restated in its entirety to read as
                           follows:

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                           3.1      Annual Fees. In consideration of the
                                    ------------
                                    Services rendered by the Executive
                                    hereunder, Trump Holdings shall pay to the
                                    Executive for each twelve (12) month period
                                    during the term of this Agreement
                                    compensation equal to the sum of One Million
                                    Five Hundred Thousand Dollars ($1,500,000)
                                    (the "Annual Compensation"). The Annual
                                    Compensation shall be payable in equal
                                    monthly installments, commencing as of the
                                    date hereof and, thereafter on the first day
                                    of each month during the term of this
                                    Agreement.

         3.       Counterparts.  Except as modified herein, the Executive
                  -------------
                  Agreement shall remain unmodified and in full force and
                  effect. This Amendment may be signed in any number of
                  counterparts, each of which shall be an original, with the
                  same effect as of the signatures thereto and hereto were
                  upon the same instrument.

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed by their respective authorized officers as of the day and year
first above written.

                                            /s/ Donald J. Trump
                                 -----------------------------------------------
                                            Donald J. Trump

                                 TRUMP HOTELS & CASINO RESORTS, INC.

                                 By:        /s/ Robert M. Pickus
                                    --------------------------------------------
                                    Name:   Robert M. Pickus
                                    Title:  Executive Vice President
                                            and Secretary

                                 TRUMP HOTELS & CASINO RESORTS
                                     HOLDINGS, L.P.

                                 By:   Trump Hotels & Casino Resorts, Inc.,
                                       its general partner

                                 By:        /s/ Robert M. Pickus
                                    --------------------------------------------
                                    Name:   Robert M. Pickus
                                    Title:  Executive Vice President
                                            and Secretary<PAGE>

                                                                   Exhibit 10.72
                                                                   -------------

                [TRUMP HOTELS & CASINO RESORTS, INC. LETTERHEAD]

August 4, 2000

Mr. Mark A. Brown
[ADDRESS]

Re:      Second Amendment of the Employment Agreement dated March 6, 1998
         between Mark A. Brown and Trump's Castle Associates, as assigned to
         Trump Taj Mahal Associates and amended effective as of January 3, 2000
         the "Agreement")

Dear Mr. Brown:

This letter will confirm our agreement to further amend the Agreement as
follows:

1.       This Amendment shall be effective as of July 1, 2000, and the
         Expiration Date shall be July 31, 2003, subject to Trump's option
         pursuant to new Paragraph 13.a. below.

2.       Paragraph 1 is hereby amended to confirm your employment as President
         and Chief Executive Officer of each of Trump Taj Mahal Associates,
         Trump Plaza Associates, Trump's Castle Associates and Trump Indiana,
         Inc. (subject to necessary licensing by the Indiana Gaming
         Commission).

3.       In consideration for this Amendment, Paragraph 2.a, as previously
         amended, is hereby deleted in its entirety and replaced as follows:

                      a.   During the term of this Agreement, you shall be paid
                           an annual salary at the rate of One Million
                           ($1,000,000) Dollars commencing effective as of July
                           1, 2000, payable periodically in accordance with
                           Trump's regular payroll practices. Said annual salary
                           shall increase to One Million One Hundred Thousand
                           Dollars ($1,100,000) commencing January 1, 2001 and
                           to One Million Two Hundred Thousand ($1,200,000)
                           Dollars commencing January 1, 2002.

4.       Paragraph 13 is hereby deleted and replaced in its entirety with the
         following:

                     a.    Trump, in its sole discretion, shall have the right
                           and option to extend the Expiration Date to July 31,
                           2005. Trump agrees to notify you in writing one
                           hundred and eighty (180) days prior to the Expiration
                           Date as set forth herein of Trump's decision to
                           exercise such option. In the event Trump exercises
                           such option, your annual salary shall be

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Page Two

                           One Million Three Hundred Thousand ($1,300,000)
                           Dollars commencing August 1, 2003 and shall increase
                           to One Million Four Hundred Thousand ($1,400,000)
                           August 1, 2004. In the event you are not notified of
                           Trump's exercise of such option to extend said
                           Agreement as provided herein, you shall be free to
                           contact other potential employers and to discuss
                           possible employment to begin after the Expiration
                           Date.

                     b.    In the event Trump exercises its option pursuant to
                           Paragraph 13.a. and extends the Expiration Date as
                           provided therein, Trump agrees to begin negotiations
                           for any further extension or renewal of the Agreement
                           no later than January 31, 2005. You agree to notify
                           Trump within ninety (90) days of the provision of
                           said proposed extension or renewal of the Agreement
                           as to whether the proposed terms are acceptable or
                           whether you are requesting amendments or further
                           modifications. In the event you are not notified of
                           an intent to renew or extend said Agreement as set
                           forth herein, you shall be free to contact other
                           potential employers and to discuss possible
                           employment to begin after the Expiration Date.

5.       Paragraph 14.a.(ii) is hereby deleted in its entirety.

                           Except to the extent modified herein, you hereby
                           ratify the Agreement and agree that all other such
                           terms, conditions and obligations contained therein
                           remain in full force and effect as stated in the
                           Agreement.

                                               Very truly yours,

                                               /s/ Donald J. Trump
                                               -------------------
                                               DONALD J. TRUMP
                                               Chairman
                                               Trump's Castle Associates
                                               Trump Taj Mahal Associates
                                               Trump Plaza Associates
                                               Trump Indiana, Inc.

DJT/vls

Agreed to this _____ day of July, 2000

/s/ Mark A. Brown
-----------------
MARK A. BROWN

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