Document:

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                                                                   Exhibit 10(d)

                               UNITEDHEALTH GROUP
                      DIRECTORS' COMPENSATION DEFERRAL PLAN
                                (2002 STATEMENT)

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                               UNITEDHEALTH GROUP
                      DIRECTORS' COMPENSATION DEFERRAL PLAN
                                (2002 STATEMENT)

                                TABLE OF CONTENTS

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                                                                                                                    PAGE
<S>                   <C>                                                                                           <C>
SECTION 1.            INTRODUCTION AND DEFINITIONS................................................................     1

                      1.1.     Establishment of Plan
                      1.2.     Definitions
                               1.2.1.       Account
                               1.2.2.       Annual Valuation Date
                               1.2.3.       Beneficiary
                               1.2.4.       Board Compensation
                               1.2.5.       Board of Directors or Board
                               1.2.6.       Code
                               1.2.7.       Committee
                               1.2.8.       Effective Date
                               1.2.9.       Participant
                               1.2.10.      Plan
                               1.2.11.      Plan Statement
                               1.2.12.      Plan Year
                               1.2.13.      Termination of Directorship
                               1.2.14.      UnitedHealth Group or UHG
                               1.2.15.      Valuation Date

SECTION 2.            ELIGIBILITY TO PARTICIPATE..................................................................      2

SECTION 3.            COMPENSATION DEFERRAL OPTION................................................................      3

                      3.1.     Option to Defer Board Compensation
                               3.1.1.       Amount of Deferrals
                               3.1.2.       Crediting to Accounts
                               3.1.3.       No Matching Credits
                      3.2.     Discretionary Supplements from UnitedHealth Group
                      3.3.     Credits Limited to Outside Directors

SECTION 4.            CREDITS FROM MEASURING INVESTMENTS..........................................................      4

                      4.1.     Designation of Measuring Investments
                      4.2.     UnitedHealth Group Stock as Measuring Investment
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<S>                   <C>                                                                                           <C>
                      4.3.     Operational Rules for Measuring Investments
                      4.4.     Measuring Investments and Rules to be Identical to Executive Savings Plan

SECTION 5.            OPERATIONAL RULES...........................................................................     5

                      5.1.     Operational Rules for Deferrals
                      5.2.     Establishment of Accounts
                      5.3.     Accounting Rules

SECTION 6.            VESTING OF ACCOUNTS.........................................................................     5

SECTION 7.            SPENDTHRIFT PROVISION.......................................................................     5

SECTION 8.            DISTRIBUTIONS...............................................................................     6

                      8.1.     Time of Distribution to Participant
                               8.1.1.       General Rule
                               8.1.2.       No Application for Distribution Required
                      8.2.     Form of Distribution
                      8.3.     Election of Form of Distribution by Participant
                               8.3.1.       Election at Initial Enrollment
                               8.3.2.       Default Election of Form of Distribution
                               8.3.3.       Periodic Re-Election
                      8.4.     Payment to Beneficiary Upon Death of Participant
                               8.4.1.       Payment to Beneficiary When Death Occurs Before
                                            Termination of Directorship
                               8.4.2.       Payment to Beneficiary When Death Occurs After
                                            Termination of Directorship
                               8.4.3.       Beneficiary Must Apply for Distribution
                               8.4.4.       Election of Measuring Investments by Beneficiaries
                      8.5.     Designation of Beneficiaries
                               8.5.1.       Right to Designate
                               8.5.2.       Failure of Designation
                               8.5.3.       Disclaimers by Beneficiaries
                               8.5.4.       Definitions
                               8.5.5.       Special Rules
                      8.6.     Death Prior to Full Distribution
                      8.7.     Facility of Payment
                      8.8.     In-Service Distributions
                               8.8.1.       Pre-Selected In-Service Distributions
                               8.8.2.       On Demand In-Service Distributions
                               8.8.3.       In-Service Distribution for Financial Hardship
                      8.9.     Distributions in Cash
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<S>                   <C>                                                                                           <C>
SECTION 9.            FUNDING OF PLAN.............................................................................    15

                      9.1.     Unfunded Plan
                      9.2.     Corporate Obligation

SECTION 10.           AMENDMENT AND TERMINATION...................................................................    15

                      10.1.    Amendment and Termination
                      10.2.    No Oral Amendments
                      10.3.    Plan Binding on Successors

SECTION 11.           DETERMINATIONS -- RULES AND REGULATIONS.....................................................    16

                      11.1.    Determinations
                      11.2.    Rules and Regulations
                      11.3.    Method of Executing Instruments
                      11.4.    Claims Procedure
                               11.4.1.      Original Claim
                               11.4.2.      Review of Denied Claim
                               11.4.3.      General Rules
                      11.5.    Limitations and Exhaustion
                               11.5.1.      Limitations
                               11.5.2.      Exhaustion Required

SECTION 12.           PLAN ADMINISTRATION.........................................................................    19

                      12.1.    Officers
                      12.2.    Chief Executive Officer
                      12.3.    Board of Directors
                      12.4.    Committee
                      12.5.    Delegation
                      12.6.    Conflict of Interest
                      12.7.    Service of Process
                      12.8.    Expenses
                      12.9.    Certifications
                      12.10.   Errors in Computations

SECTION 13.           CONSTRUCTION................................................................................    21

                      13.1.    Applicable Laws
                               13.1.1.      ERISA Status
                               13.1.2.      IRC Status
                               13.1.3.      References to Laws
                      13.2.    Effect on Other Plans
                      13.3.    Disqualification
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<S>                   <C>                                                                                           <C>
                      13.4.    Rules of Document Construction
                      13.5.    Choice of Law

SCHEDULE I -          MEASURING INVESTMENTS.......................................................................  SI-1
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                               UNITEDHEALTH GROUP
                      DIRECTORS' COMPENSATION DEFERRAL PLAN
                                (2002 STATEMENT)

                                    SECTION 1

                          INTRODUCTION AND DEFINITIONS

1.1.     ESTABLISHMENT OF PLAN. Effective January 1, 2002, UNITEDHEALTH GROUP
INCORPORATED, a Minnesota corporation (hereinafter sometimes referred to as
"UnitedHealth Group"), as plan sponsor, hereby establishes a nonqualified,
unfunded, deferred compensation plan for the benefit of certain members of its
Board of Directors.

1.2.     DEFINITIONS. When the following terms are used herein with initial
capital letters, they shall have the following meanings:

         1.2.1.   ACCOUNT -- the separate bookkeeping account established for
each Participant which represents the separate unfunded and unsecured general
obligation of UnitedHealth Group established with respect to each person who is
a Participant in this Plan in accordance with Section 2 and to which are
credited the dollar amounts specified in Sections 3 and 4 and from which are
subtracted payments made pursuant to Section 8.

         1.2.2.   ANNUAL VALUATION DATE -- each December 31.

         1.2.3.   BENEFICIARY -- a person designated by a Participant (or
automatically by operation of the Plan Statement) to receive all or a part of
the Participant's Account in the event of the Participant's death prior to full
distribution thereof. A person so designated shall not be considered a
Beneficiary until the death of the Participant.

         1.2.4.   BOARD COMPENSATION -- Board retainer fees, Board meeting fees
and Board committee fees but not stock options or other stock-based
compensation. The Committee may designate prospectively that other pay is
included in Board Compensation.

         1.2.5.   BOARD OF DIRECTORS or BOARD -- the Board of Directors of
UnitedHealth Group or its successor, and any properly authorized committee of
the Board of Directors.

         1.2.6.   CODE -- the Internal Revenue Code of 1986, as amended.

         1.2.7.   COMMITTEE -- the Compensation and Human Resources Committee of
the Board of Directors (also known as the "Compensation Committee").

         1.2.8.   EFFECTIVE DATE -- January 1, 2002.

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         1.2.9.   PARTICIPANT -- a member of the Board of Directors of
UnitedHealth Group who has elected to defer compensation under Section 3. A
director who has become a Participant shall continue to be a Participant in this
Plan until the date of the Participant's death or, if earlier, the date when the
Participant has received a distribution of the Participant's entire Account.

         1.2.10.  PLAN -- the nonqualified, unfunded, deferred compensation
program maintained by UnitedHealth Group for the benefit of Participants
eligible to participate therein, as set forth in this Plan Statement. (As used
herein, "Plan" does not refer to the document pursuant to which the Plan is
maintained. That document is referred to herein as the "Plan Statement".) The
Plan shall be referred to as the "UnitedHealth Group Directors' Compensation
Deferral Plan."

         1.2.11.  PLAN STATEMENT -- this document entitled "UnitedHealth Group
Directors' Compensation Deferral Plan (2002 Statement)" as adopted by the Board
of Directors and generally effective as of January 1, 2002, as the same may be
amended from time to time thereafter.

         1.2.12.  PLAN YEAR -- the twelve (12) consecutive month period ending
on any Annual Valuation Date.

         1.2.13.  TERMINATION OF DIRECTORSHIP -- a complete severance of a
Participant's membership on the Board of Directors of UnitedHealth Group for any
reason other than the Participant's death.

         1.2.14.  UNITEDHEALTH GROUP OR UHG -- UNITEDHEALTH GROUP INCORPORATED,
a Minnesota corporation, or any successor thereto.

         1.2.15.  VALUATION DATE -- any day that the U.S. securities markets are
open and conducting business.

                                    SECTION 2

                           ELIGIBILITY TO PARTICIPATE

Each member of the Board of Directors of UnitedHealth Group as of the initial
adoption of this Plan who is not an employee of UnitedHealth Group or any
affiliate shall be eligible to become a Participant in this Plan as of January
1, 2002. Each person who later becomes a member of the Board and is not then an
employee of UnitedHealth Group or any affiliate shall be eligible to become a
Participant in this Plan as of such member's election to the Board. Each person
(a) who is both a member of the Board and an employee of UnitedHealth Group or
any affiliate, and (b) who later ceases to be so employed but continues as a
member of the Board, shall be eligible to become a Participant in this Plan as
of such cessation of employment.

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                                  SECTION 3

                         COMPENSATION DEFERRAL OPTION

3.1.     OPTION TO DEFER BOARD COMPENSATION.

         3.1.1.   AMOUNT OF DEFERRALS. Through a voice response system (or other
written or electronic means) approved by the Committee, a Participant may elect
to defer between (and including) 1% and 100% of such Participant's Board
Compensation for Board services for a Plan Year. The Committee may establish
prospectively other percentage limits. To be effective for a Plan Year, the
deferral election must be received by the Committee by the December 15 preceding
the first day of such Plan Year (or such other date before the first day of such
Plan Year as the Committee may designate). For a newly eligible Participant,
however, the deferral election must be received by the Committee within 30 days
after the first day of such eligibility, and, if so received, deferral shall be
effective as of the first day of the month following such receipt with respect
to the remainder of the Plan Year. Such deferral election shall be irrevocable
for the Plan Year with respect to which it is made, once it has been received by
the Committee.

         3.1.2.   CREDITING TO ACCOUNTS. The Committee shall cause to be
credited to the Account of each Participant the amount, if any, of such
Participant's voluntary deferrals of Board Compensation under Section 3.1.1.
Such amount shall be credited as soon as administratively feasible following the
time such Board Compensation would otherwise have been paid to the Participant.

         3.1.3.   NO MATCHING CREDITS. No matching amounts shall be credited for
deferrals of Board Compensation under Section 3.1.1.

3.2.     DISCRETIONARY SUPPLEMENTS FROM UNITEDHEALTH GROUP. Upon written notice
to one or more Participants and to the Committee, the Board of Directors may
(but is not required to) determine that additional amounts shall be credited to
the Accounts of such Participants. Such notice shall also specify the date of
such crediting. Notwithstanding Section 6, such notice may also establish
vesting rules for such amounts, in which case separate Accounts shall be
established for such amounts for such Participants.

3.3.     CREDITS LIMITED TO OUTSIDE DIRECTORS. No Participant who becomes an
employee of UnitedHealth Group or any affiliate shall be eligible to receive
credits under this Section 3 while such an employee.

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                                    SECTION 4

                       CREDITS FROM MEASURING INVESTMENTS

4.1.     DESIGNATION OF MEASURING INVESTMENTS. Through a voice response system
(or other written or electronic means) approved by the Committee, each
Participant shall designate the following "Measuring Investments," which shall
be used to determine the value of such Participant's Account (until changed as
provided herein):

         (a)      One or more Measuring Investments for the current Account
                  balance, and

         (b)      One or more Measuring Investments for amounts that are
                  credited to the Account in the future.

The Accounts and such Measuring Investments are specified solely as a device for
computing the amount of benefits to be paid by UnitedHealth Group under the
Plan, and UnitedHealth Group is not required to purchase such investments. The
Measuring Investments as of January 1, 2002 are listed in Schedule I to the Plan
Statement. Schedule I to the Plan Statement may be revised and amended by the
Committee, in its discretion, from time to time.

4.2.     UNITEDHEALTH GROUP STOCK AS MEASURING INVESTMENT. The Board of
Directors may (but shall not be required to) determine that the Measuring
Investments available for election by Participants will include deemed (but not
actual) investment in the common stock of UnitedHealth Group, valued at the
closing price of the common stock of UnitedHealth Group as reported on the New
York Stock Exchange composite tape on the applicable Valuation Date.

4.3.     OPERATIONAL RULES FOR MEASURING INVESTMENTS. The Committee may adopt
rules specifying the Measuring Investments, the circumstances under which a
particular Measuring Investment may be elected, or shall be automatically
utilized, the minimum or maximum amount or percentage of an Account which may be
allocated to a Measuring Investment, the procedures for making or changing
Measuring Investment elections, the extent (if any) to which Beneficiaries of
deceased Participants may make Measuring Investment elections and the effect of
a Participant's or Beneficiary's failure to make an effective Measuring
Investment election with respect to all or any portion of an Account.

4.4.     MEASURING INVESTMENTS AND RULES TO BE IDENTICAL TO EXECUTIVE SAVINGS
PLAN. Unless the Committee specifies otherwise, the Measuring Investments and
operational rules for this Plan shall be identical to those under the
UnitedHealth Group Executive Savings Plan and any change to the Measuring
Investments or operational rules under the Executive Savings Plan shall
automatically apply to this Plan.

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                                    SECTION 5

                                OPERATIONAL RULES

5.1.     OPERATIONAL RULES FOR DEFERRALS. A Participant's election to defer
Board Compensation under Section 3 shall be "evergreen" and shall remain in
effect until changed by the Participant for a future Plan Year as specified in
Section 3.1.1.

5.2.     ESTABLISHMENT OF ACCOUNTS. There shall be established for each
Participant an unfunded, bookkeeping Account which shall be adjusted each
Valuation Date.

5.3.     ACCOUNTING RULES. The Committee may adopt (and revise) accounting rules
for the Accounts.

                                    SECTION 6

                               VESTING OF ACCOUNTS

The Account of each Participant shall be fully (100%) vested and nonforfeitable
at all times (except for any special vesting rules that apply to discretionary
supplements of UnitedHealth Group under Section 3.2 and any early distribution
penalties that may apply under Section 8).

                                    SECTION 7

                              SPENDTHRIFT PROVISION

Participants and Beneficiaries shall have no power to transfer any interest in
an Account nor shall any Participant or Beneficiary have any power to
anticipate, alienate, dispose of, pledge or encumber the same while it is in the
possession or control of UnitedHealth Group, nor shall the Committee recognize
any assignment thereof, either in whole or in part, nor shall the Account be
subject to attachment, garnishment, execution following judgment or other legal
process (including without limitation any domestic relations order, whether or
not a "qualified domestic relations order" under section 414(p) of the Code)
before the Account is distributed to the Participant or Beneficiary.

The power to designate Beneficiaries to receive the Account of a Participant in
the event of such Participant's death shall not permit or be construed to permit
such power or right to be exercised by the Participant so as thereby to
anticipate, pledge, mortgage or encumber such Participant's Account or any part
thereof. Any attempt by a Participant to so exercise said power in violation of
this provision shall be of no force and effect and shall be disregarded by the
Committee.

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                                    SECTION 8

                                  DISTRIBUTIONS

8.1.     TIME OF DISTRIBUTION TO PARTICIPANT.

         8.1.1.   GENERAL RULE. A Participant's Account shall be distributable
upon the Termination of Directorship of the Participant.

         8.1.2.   NO APPLICATION FOR DISTRIBUTION REQUIRED. A Participant's
Account shall be distributed automatically following the Participant's
Termination of Directorship. A Participant shall not be required to apply for
distribution.

8.2.     FORM OF DISTRIBUTION. As determined under the rules of Section 8.3,
distribution of the Participant's Account shall be made in one of the
following forms:

         (a)      IMMEDIATE LUMP SUM. In the form of a single lump sum. The
                  amount of such distribution shall be determined as of the
                  January 31 immediately following the Plan Year in which occurs
                  the Participant's Termination of Directorship and shall be
                  actually paid to the Participant as soon as practicable after
                  such determination (but not later than the last day of the
                  following February).

         (b)      INSTALLMENTS. In the form of a series of 5 or 10 annual
                  installments, subject to the following rules:

                  (i)      GENERAL RULE. The amount of the first installment
                           will be determined as of the January 31 immediately
                           following the Plan Year in which occurs the
                           Participant's Termination of Directorship and the
                           amount of future installments will be determined as
                           of each following January 31. The amount of each
                           installment shall be determined by dividing the
                           Account balance as of the January 31 as of which the
                           installment is being paid by the number of remaining
                           installment payments to be made (including the
                           payment being determined). Such installments shall be
                           actually paid as soon as practicable after each such
                           determination (but not later than the last day of the
                           following February).

                  (ii)     IMMEDIATE ACCELERATED PAYMENT. A Participant who has
                           elected the installment option may, after Termination
                           of Directorship, elect through a voice response
                           system (or other written or electronic means)
                           approved by the Committee to receive a cash lump sum
                           payment of the total remaining balance of the Account
                           (but not part thereof) for any reason; provided,
                           however, that the Account balance will be reduced by
                           a penalty of 10%, and the Participant

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                           will receive 90% of the Account balance. The penalty
                           of 10% of the Account balance will be forfeited to
                           UnitedHealth Group to be used as the Committee
                           determines in its discretion. The amount of such
                           distribution will be determined as of the Valuation
                           Date coincident with or next following receipt of the
                           request by the Committee and shall be actually paid
                           to the Participant as soon as practicable after such
                           determination.

         (c)      DELAYED LUMP SUM. In the form of a single lump sum following
                  the tenth (10th) anniversary of the Participant's Termination
                  of Directorship, subject to the following rules:

                  (i)      GENERAL RULE. The amount of such distribution shall
                           be determined as of the January 31 immediately
                           following the calendar year in which occurs the tenth
                           (10th) anniversary of the Participant's Termination
                           of Directorship. Actual distribution shall be made as
                           soon as administratively practicable after such
                           January 31.

                  (ii)     IMMEDIATE ACCELERATED PAYMENT. A Participant who has
                           elected the delayed lump sum distribution option may,
                           after Termination of Directorship, elect through a
                           voice response system (or other written or electronic
                           means) approved by the Committee to receive a lump
                           sum distribution of the Account before the tenth
                           (10th) anniversary of the Participant's Termination
                           of Directorship; provided, however, that the Account
                           balance will be reduced by a penalty of 10%, and the
                           Participant will receive 90% of the Account balance.
                           The penalty of 10% of the Account balance will be
                           forfeited to UnitedHealth Group to be used as the
                           Committee determines in its discretion.

                  (iii)    DELAYED ACCELERATED PAYMENT. A Participant who has
                           elected the delayed lump sum distribution option may,
                           after Termination of Directorship, make a one-time
                           election through a voice response system (or other
                           written or electronic means), approved by the
                           Committee to receive either a lump sum distribution
                           of the Account before the tenth (10th) anniversary of
                           the Participant's Termination of Directorship, or
                           five (5) annual installments, subject to the
                           following rules:

                           (A)      Any election to receive a lump sum payment
                                    before the tenth (10th) anniversary of the
                                    Participant's Termination of Directorship
                                    must be received by the Committee no later
                                    than the December 31 of the calendar year in
                                    which occurs

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                                    the eighth (8th) anniversary of the
                                    Participant's Termination of Directorship.

                           (B)      Any election to receive five (5) annual
                                    installments must be received by the
                                    Committee no later than the December 31 the
                                    calendar year in which occurs the fourth
                                    (4th) anniversary of the Participant's
                                    Termination of Directorship.

                           (C)      Any election to receive either a lump sum
                                    distribution of the Participant's Account
                                    before the tenth (10th) anniversary of the
                                    Participant's Termination of Directorship or
                                    five (5) annual installments shall not be
                                    effective until twelve (12) months after it
                                    is received by the Committee (if the
                                    Participant dies before the end of such
                                    12-month period, such election shall not be
                                    effective).

8.3.     ELECTION OF FORM OF DISTRIBUTION BY PARTICIPANT.

         8.3.1.   ELECTION AT INITIAL ENROLLMENT. Through a voice response
system (or other written or electronic means) approved by the Committee, each
Participant shall elect at the time of initial enrollment in the Plan whether
distribution shall be made (as described in Section 8.2) in either (i) an
immediate lump sum, (ii) 5 or 10 annual installments, or (iii) a delayed lump
sum following the tenth (10th) anniversary of the Participant's Termination of
Directorship.

         8.3.2.   DEFAULT ELECTION OF FORM OF DISTRIBUTION. If a Participant
fails to elect a form of distribution, such Participant shall be deemed to have
elected that distribution be made in an immediate lump sum as described in
Section 8.2(a).

         8.3.3.   PERIODIC RE-ELECTION. Through a voice response system (or
other written or electronic means) approved by the Committee, initial and
default distribution elections may be changed by the Participant, provided that:

         (a)      no change shall be effective until twelve (12) months after it
                  is received by the Committee (if the Participant dies before
                  the end of such 12-month period, such change shall not be
                  effective), and

         (b)      no change may be filed within twelve (12) months after the
                  initial election (or, if one or more prior changes has been
                  filed, within twelve (12) months after the latest of such
                  changes was filed).

No spouse, former spouse, Beneficiary or other person shall have any right to
participate in the Participant's decision to revise distribution elections.

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8.4.     PAYMENT TO BENEFICIARY UPON DEATH OF PARTICIPANT.

         8.4.1.   PAYMENT TO BENEFICIARY WHEN DEATH OCCURS BEFORE TERMINATION OF
DIRECTORSHIP. If a Participant dies before Termination of Directorship, such
Participant's Beneficiary will receive payment of the Participant's Account at
the same time and in the same form the Participant would have received if the
Participant had experienced a Termination of Directorship on the date of death.

         8.4.2.   PAYMENT TO BENEFICIARY WHEN DEATH OCCURS AFTER TERMINATION OF
DIRECTORSHIP. If a Participant dies after a Termination of Directorship, the
Participant's Beneficiary shall receive distribution of the Participant's
Account at the same time and in the same form the Participant would have
received if the Participant had survived.

         8.4.3.   BENEFICIARY MUST APPLY FOR DISTRIBUTION. Distribution shall
not be made to any Beneficiary until such Beneficiary shall have filed a written
application for benefits in a form acceptable to the Committee and such
application shall have been approved by the Committee.

         8.4.4.   ELECTION OF MEASURING INVESTMENTS BY BENEFICIARIES. A
Beneficiary of a deceased Participant shall generally have the same rights to
designate Measuring Investments for the Participant's Account that Participants
have under Section 4. The Committee may adopt (and revise) rules to govern
designations of Measuring Investments by Beneficiaries. Unless changed by the
Committee, the following rules shall apply:

         (a)      The Measuring Investments for the Account of a deceased
                  Participant shall not be changed until the Beneficiary so
                  determines.

         (b)      If a deceased Participant has more than one Beneficiary, the
                  unanimous consent of all Beneficiaries shall be required to
                  change Measuring Investments for such Participant's Account.

8.5.     DESIGNATION OF BENEFICIARIES.

         8.5.1.   RIGHT TO DESIGNATE. Each Participant may designate, upon forms
to be furnished by and filed with the Committee (or through other means approved
by the Committee), one or more primary Beneficiaries or alternative
Beneficiaries to receive all or a specified part of such Participant's Account
in the event of such Participant's death. The Participant may change or revoke
any such designation from time to time without notice to or consent from any
Beneficiary. No such designation, change or revocation shall be effective unless
executed by the Participant and received by the Committee during the
Participant's lifetime.

         8.5.2.   FAILURE OF DESIGNATION. If a Participant:

         (a)      fails to designate a Beneficiary,

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         (a)      designates a Beneficiary and thereafter revokes such
                  designation without naming another Beneficiary, or

         (c)      designates one or more Beneficiaries and all such
                  Beneficiaries so designated fail to survive the Participant,

such Participant's Account, or the part thereof as to which such Participant's
designation fails, as the case may be, shall be payable to the first class of
the following classes of automatic Beneficiaries in which a member survives the
Participant and (except in the case of surviving issue) in equal shares if there
is more than one member in such class surviving the Participant:

         (i)      Participant's surviving spouse;

         (ii)     Participant's surviving issue per stirpes and not per capita;

         (iii)    Participant's surviving parents;

         (iv)     Participant's surviving brothers and sisters; and

         (v)      Representative of Participant's estate.

         8.5.3.   DISCLAIMERS BY BENEFICIARIES. A Beneficiary entitled to a
distribution of all or a portion of a deceased Participant's Account may
disclaim an interest therein subject to the following requirements. To be
eligible to disclaim, a Beneficiary must be a natural person, must not have
received a distribution of all or any portion of the Account at the time such
disclaimer is executed and delivered, and must have attained at least age
twenty-one (21) years as of the date of the Participant's death. Any disclaimer
must be in writing and must be executed personally by the Beneficiary before a
notary public. A disclaimer shall state that the Beneficiary's entire interest
in the undistributed Account is disclaimed or shall specify what portion thereof
is disclaimed. To be effective, duplicate original executed copies of the
disclaimer must be both executed and actually delivered to the Committee after
the date of the Participant's death but not later than nine (9) months after the
date of the Participant's death. A disclaimer shall be irrevocable when
delivered to the Committee. A disclaimer shall be considered to be delivered to
the Committee only when actually received by the Committee. The Committee shall
be the sole judge of the content, interpretation and validity of a purported
disclaimer. Upon the filing of a valid disclaimer, the Beneficiary shall be
considered not to have survived the Participant as to the interest disclaimed. A
disclaimer by a Beneficiary shall not be considered to be a transfer of an
interest in violation of any other provisions under this Plan. No other form of
attempted disclaimer shall be recognized by the Committee.

         8.5.4.   DEFINITIONS. When used herein and, unless the Participant has
otherwise specified in the Participant's Beneficiary designation, when used in a
Beneficiary designation, "issue" means all persons who are lineal descendants of
the person whose issue are referred to, subject to the following:

         (a)      a legally adopted child and the adopted child's lineal
                  descendants always shall be lineal descendants of each
                  adoptive parent (and of each adoptive parent's lineal
                  ancestors);

                                      -10-

<PAGE>

         (b)      a legally adopted child and the adopted child's lineal
                  descendants never shall be lineal descendants of any former
                  parent whose parental rights were terminated by the adoption
                  (or of that former parent's lineal ancestors); except that if,
                  after a child's parent has died, the child is legally adopted
                  by a stepparent who is the spouse of the child's surviving
                  parent, the child and the child's lineal descendants shall
                  remain lineal descendants of the deceased parent (and the
                  deceased parent's lineal ancestors);

         (c)      if the person (or a lineal descendant of the person) whose
                  issue are referred to is the parent of a child (or is treated
                  as such under applicable law) but never received the child
                  into that parent's home and never openly held out the child as
                  that parent's child (unless doing so was precluded solely by
                  death), then neither the child nor the child's lineal
                  descendants shall be issue of the person.

"Child" means an issue of the first generation; "per stirpes" means in equal
shares among living children of the person whose issue are referred to and the
issue (taken collectively) of each deceased child of such person, with such
issue taking by right of representation of such deceased child; and "survive"
and "surviving" mean living after the death of the Participant.

         8.5.5.   SPECIAL RULES. Unless the Participant has otherwise specified
in the Participant's Beneficiary designation, the following rules shall apply:

         (a)      If there is not sufficient evidence that a Beneficiary was
                  living at the time of the death of the Participant, it shall
                  be deemed that the Beneficiary was not living at the time of
                  the death of the Participant.

         (b)      The automatic Beneficiaries specified in Section 8.5.2 and the
                  Beneficiaries designated by the Participant shall become fixed
                  at the time of the Participant's death so that, if a
                  Beneficiary survives the Participant but dies before the
                  receipt of all payments due such Beneficiary hereunder, such
                  remaining payments shall be payable to the representative of
                  such Beneficiary's estate.

         (c)      If the Participant designates as a Beneficiary the person who
                  is the Participant's spouse on the date of the designation,
                  either by name or by relationship, or both, the dissolution,
                  annulment or other legal termination of the marriage between
                  the Participant and such person shall automatically revoke
                  such designation. (The foregoing shall not prevent the
                  Participant from designating a former spouse as a Beneficiary
                  on a form executed by the Participant and received by the
                  Committee after the date of the legal termination of the
                  marriage between the Participant and such former spouse, and
                  during the Participant's lifetime.)

                                      -11-

<PAGE>

         (d)      Any designation of a nonspouse Beneficiary by name that is
                  accompanied by a description of relationship to the
                  Participant shall be given effect without regard to whether
                  the relationship to the Participant exists either then or at
                  the Participant's death.

         (e)      Any designation of a Beneficiary only by statement of
                  relationship to the Participant shall be effective only to
                  designate the person or persons standing in such relationship
                  to the Participant at the Participant's death.

The Committee shall be the sole judge of the content, interpretation and
validity of a purported Beneficiary designation.

8.6.     DEATH PRIOR TO FULL DISTRIBUTION. If, at the death of the Participant,
any payment to the Participant was due or otherwise pending but not actually
paid, the amount of such payment shall be included in the Account which is
payable to the Beneficiary (and shall not be paid to the Participant's estate).

8.7.     FACILITY OF PAYMENT. In case of minority, incapacity or legal
disability of a Participant or Beneficiary entitled to receive any distribution
under this Plan, payment shall be made, if the Committee shall be advised of the
existence of such condition:

         (a)      to the court-appointed guardian or conservator of such
                  Participant or Beneficiary, or

         (b)      if there is no court-appointed guardian or conservator, to the
                  lawfully authorized representative of the Participant or
                  Beneficiary (and the Committee, in its sole discretion, shall
                  determine whether a person is a lawfully authorized
                  representative for this purpose), or

         (c)      to an institution entrusted with the care or maintenance of
                  the incapacitated or disabled Participant or Beneficiary,
                  provided such institution has satisfied the Committee, in its
                  sole discretion, that the payment will be used for the best
                  interest and assist in the care of such Participant or
                  Beneficiary, and provided further, that no prior claim for
                  said payment has been made by a person described in (a) or (b)
                  above.

Any payment made in accordance with the foregoing provisions of this section
shall constitute a complete discharge of any liability or obligation of
UnitedHealth Group therefor.

8.8.     IN-SERVICE DISTRIBUTIONS.

         8.8.1.   PRE-SELECTED IN-SERVICE DISTRIBUTIONS. Each Participant has a
one-time opportunity, when initially enrolling in the Plan, to elect that
distribution be made to such Participant on one or more in-service distribution
dates prior to Termination of Directorship or death under the following rules:

                                      -12-

<PAGE>

         (a)      Through a voice response system (or other written or
                  electronic means) approved by the Committee, the Participant
                  may request a pre-selected in-service distribution.

         (b)      No such distribution will be made before January 1 of the year
                  that follows the third full Plan Year after the Participant
                  first enrolled.

         (c)      Only one such in-service distribution will be made in any Plan
                  Year.

         (d)      Through a voice response system (or other written or
                  electronic means) approved by the Committee, the Participant
                  may request only once that any pre-selected distribution date
                  be extended. The Participant must file the extension request
                  with the Committee at least twelve (12) months before the
                  scheduled date of distribution.

         (e)      Through a voice response system (or other written or
                  electronic means) approved by the Committee, the Participant
                  may request that any pre-selected distribution date be
                  cancelled (whether or not previously extended). The
                  Participant must file the cancellation request with the
                  Committee at least twelve (12) months before the scheduled
                  date of distribution.

         (f)      The distribution amount shall be determined as of the
                  Valuation Date coincident with or next following the
                  pre-selected distribution date and shall be actually paid as
                  soon as practicable after such determination.

         (g)      If the Participant dies or experiences a Termination of
                  Directorship before the scheduled pre-selected in-service
                  distribution date, no distribution shall be made on such date.

         8.8.2.   ON DEMAND IN-SERVICE DISTRIBUTIONS.

         (a)      ELECTION. Through a voice response system (or other written or
                  electronic means) approved by the Committee, a Participant may
                  elect to receive all or a portion of such Participant's
                  Account prior to Termination of Directorship for any reason;
                  provided, however, that the requested distribution amount will
                  be reduced by a penalty equal to 10% of the requested amount,
                  and the Participant will receive 90% of the requested amount.
                  The penalty of 10% of the requested amount will be forfeited
                  to UnitedHealth Group to be used as the Committee determines
                  in its discretion.

         (b)      DISTRIBUTION AMOUNT. The amount of such distribution shall be
                  determined as of the Valuation Date coincident with or next
                  following receipt of the request by the Committee and shall be
                  actually paid to the Participant as soon as practicable after
                  such determination.

                                      -13-

<PAGE>

         (c)      SUSPENSION RULE. If a Participant receives such a
                  distribution, the Participant's deferrals under Section 3 will
                  cease as soon as administratively practicable following the
                  date such distribution is made. The Participant may not again
                  elect to defer compensation under this Plan until the
                  enrollment period for the Plan Year that begins at least six
                  (6) months after such distribution.

         8.8.3.   IN-SERVICE DISTRIBUTION FOR FINANCIAL HARDSHIP.

         (a)      ELECTION. A Participant may elect in writing to receive all or
                  part of the Participant's Account prior to Termination of
                  Directorship to alleviate a Financial Hardship. A Beneficiary
                  of a deceased Participant may also request an early
                  distribution for Financial Hardship.

         (b)      FINANCIAL HARDSHIP DEFINED. For purposes of this Plan,
                  "Financial Hardship" means a severe financial hardship to the
                  Participant resulting from a sudden and unexpected illness or
                  accident of the Participant or a dependent (as defined in
                  section 152(a) of the Code), loss of the Participant's
                  property due to casualty, or other similar extraordinary and
                  unforeseeable emergency circumstances arising as a result of
                  events beyond the control of the Participant. If a hardship is
                  or may be relieved either (i) through reimbursement or
                  compensation by insurance or otherwise, (ii) by liquidation of
                  the Participant's assets (to the extent the liquidation of
                  such assets would not itself cause severe financial hardship),
                  or (iii) by cessation of deferrals under this Plan or any
                  401(k) plan, then the hardship shall not constitute a
                  Financial Hardship for purposes of this Plan. If a Beneficiary
                  of a deceased Participant requests an early distribution for
                  Financial Hardship, then the references in this definition to
                  "Participant" shall be deemed to be references to such
                  Beneficiary.

         (c)      DISTRIBUTION AMOUNT. The amount of such distribution shall be
                  determined as of the Valuation Date next preceding approval of
                  the request by the Committee and shall be actually paid as
                  soon as practicable after such approval.

         (d)      SUSPENSION RULE. If a Participant receives a distribution due
                  to Financial Hardship, the Participant's deferrals under
                  Section 3 will cease as soon as administratively practicable
                  following the date such distribution is made. The Participant
                  may not again elect to defer compensation under this Plan
                  until the enrollment period for the Plan Year that begins at
                  least six (6) months after such distribution.

                                      -14-

<PAGE>

8.9.     DISTRIBUTIONS IN CASH. All distributions from this Plan shall be made
in cash.

                                    SECTION 9

                                 FUNDING OF PLAN

9.1.     UNFUNDED PLAN. The obligation of UnitedHealth Group to make payments
under the Plan constitutes only the unsecured (but legally enforceable) promises
of UnitedHealth Group to make such payments. No Participant shall have any lien,
prior claim or other security interest in any property of UnitedHealth Group.
UnitedHealth Group shall have no obligation to establish or maintain any fund,
trust or account (other than a bookkeeping account) for the purpose of funding
or paying the benefits promised under the Plan. If such a fund, trust or account
is established, the property therein shall remain the sole and exclusive
property of UnitedHealth Group. UnitedHealth Group shall be obligated to pay the
cost of the Plan out of its general assets. All references to accounts,
accruals, gains, losses, income, expenses, payments, custodial funds and the
like are included merely for the purpose of measuring the obligation of
UnitedHealth Group to Participants in the Plan and shall not be construed to
impose on UnitedHealth Group the obligation to create any separate fund for
purposes of the Plan.

9.2.     CORPORATE OBLIGATION. Neither any officer of UnitedHealth Group nor any
member of the Committee in any way secures or guarantees the payment of any
benefit or amount which may become due and payable hereunder to or with respect
to any Participant. Each Participant and other person entitled at any time to
payments hereunder shall look solely to the assets of UnitedHealth Group for
such payments as an unsecured, general creditor. After benefits have been paid
to or with respect to a Participant and such payment purports to cover in full
the benefit hereunder, such former Participant or other person or persons, as
the case may be, shall have no further right or interest in any other Plan
assets. No person shall be under any liability or responsibility for failure to
effect any of the objectives or purposes of this Plan by reason of the
insolvency of UnitedHealth Group.

                                   SECTION 10

                            AMENDMENT AND TERMINATION

10.1.    AMENDMENT AND TERMINATION. The Committee may unilaterally amend the
Plan Statement prospectively, retroactively or both, at any time and for any
reason deemed sufficient by it without notice to any person affected by this
Plan, and the Board of Directors may terminate this Plan both with regard to
persons receiving benefits and persons expecting to receive benefits in the
future; provided, however, that:

                                      -15-

<PAGE>

         (a)      NO REDUCTION OR DELAY. The benefit, if any, payable to or with
                  respect to a Participant, whether or not the Participant has
                  had a Termination of Directorship as of the effective date of
                  such amendment, shall not be, without the written consent of
                  the Participant, diminished or delayed by such amendment.

         (b)      CASH LUMP SUM PAYMENT. If the Board of Directors terminates
                  the Plan completely, all Accounts under the Plan shall be
                  automatically and immediately distributed in single lump sum
                  payments.

10.2.    NO ORAL AMENDMENTS. No oral representation concerning the
interpretation or effect of the Plan Statement shall be effective to amend the
Plan Statement. No amendment of the Plan Statement shall be effective unless it
is in writing and signed on behalf of the Committee by a person authorized to
execute such writing. No termination of the Plan shall be effective unless it is
in writing and signed on behalf of the Board of Directors by a person authorized
to execute such writing.

10.3.    PLAN BINDING ON SUCCESSORS. UnitedHealth Group shall require any
successor (whether direct or indirect, by purchase, merger, consolidation or
otherwise of all or substantially all of the business and/or assets of
UnitedHealth Group), by agreement, to expressly assume and agree to perform this
Plan Statement in the same manner and to the same extent that UnitedHealth Group
would be required to perform it if no such succession had taken place.

                                   SECTION 11

                     DETERMINATIONS -- RULES AND REGULATIONS

11.1.    DETERMINATIONS. The Committee shall make such determinations as may be
required from time to time in the administration of the Plan. The Committee
shall have the discretionary authority and responsibility to interpret and
construe the Plan Statement and to determine all factual and legal questions
under the Plan, including but not limited to the entitlement of Participants and
Beneficiaries, and the amounts of their respective interests. Each interested
party may act and rely upon all information reported to them hereunder and need
not inquire into the accuracy thereof, nor be charged with any notice to the
contrary.

11.2.    RULES AND REGULATIONS. Any rule not in conflict or at variance with the
provisions hereof may be adopted by the Committee.

11.3.    METHOD OF EXECUTING INSTRUMENTS. Information to be supplied or written
notices to be made or consents to be given by the Committee pursuant to any
provision of the Plan Statement may be signed in the name of the Committee by
any officer who has been authorized to make such certification or to give such
notices or consents.

                                      -16-

<PAGE>

11.4.    CLAIMS PROCEDURE. The claims procedure set forth in this Section 11.4
shall be the exclusive administrative procedure for the disposition of claims
for benefits arising under the Plan.

         11.4.1.  ORIGINAL CLAIM. Any person may, if he or she so desires, file
with the Committee a written claim for benefits under the Plan. Within ninety
(90) days after the filing of such a claim, the Committee shall notify the
claimant in writing whether the claim is upheld or denied in whole or in part
or shall furnish the claimant a written notice describing specific special
circumstances requiring a specified amount of additional time (but not more
than one hundred eighty (180) days from the date the claim was filed) to reach
a decision on the claim. If the claim is denied in whole or in part, the
Committee shall state in writing:

         (a)      the specific reasons for the denial;

         (b)      the specific references to the pertinent provisions of the
                  Plan Statement on which the denial is based;

         (c)      a description of any additional material or information
                  necessary for the claimant to perfect the claim and an
                  explanation of why such material or information is necessary;
                  and

         (d)      an explanation of the claims review procedure set forth in
                  this section.

         11.4.2.  REVIEW OF DENIED CLAIM. Within sixty (60) days after receipt
of notice that the claim has been denied in whole or in part, the claimant may
file with the Committee a written request for a review and may, in conjunction
therewith, submit written issues and comments. Within sixty (60) days after the
filing of such a request for review, the Committee shall notify the claimant in
writing whether, upon review, the claim was upheld or denied in whole or in part
or shall furnish the claimant a written notice describing specific special
circumstances requiring a specified amount of additional time (but not more than
one hundred twenty (120) days from the date the request for review was filed) to
reach a decision on the request for review. If the claimant wishes to seek
further review of the Committee's decision upon review, the claimant shall
submit the claim (or dispute or complaint) to binding arbitration pursuant to
the rules of the American Arbitration Association. This is the only right a
complainant has for further consideration. The matter must be submitted to
binding arbitration within one (1) year of receipt of notice of the Committee's
final decision upon review. The arbitrators shall have no power to award any
punitive or exemplary damages or to vary or ignore the provisions of the Plan
Statement and shall be bound by controlling law.

         11.4.3.  GENERAL RULES.

         (a)      No inquiry or question shall be deemed to be a claim or a
                  request for a review of a denied claim unless made in
                  accordance with the claims procedure. The Committee may
                  require that any claim for benefits and any request for a
                  review of a denied claim be filed on forms to be furnished by
                  the Committee upon request.

                                      -17-

<PAGE>

         (b)      All decisions on original claims and all decisions on requests
                  for a review of denied claims shall be made by the Committee.

         (c)      The Committee may, in its discretion, hold one or more
                  hearings on a claim or a request for a review of a denied
                  claim.

         (d)      A claimant may be represented by a lawyer or other
                  representative (at the claimant's own expense), but the
                  Committee reserves the right to require the claimant to
                  furnish written authorization. A claimant's representative
                  shall be entitled, upon request, to copies of all notices
                  given to the claimant.

         (e)      The decision of the Committee on a claim and a decision of the
                  Committee on a request for a review of a denied claim shall be
                  served on the claimant in writing. If a decision or notice is
                  not received by a claimant within the time specified, the
                  claim or request for a review of a denied claim shall be
                  deemed to have been denied.

         (f)      Prior to filing a claim or a request for a review of a denied
                  claim, the claimant or his or her representative shall have a
                  reasonable opportunity to review a copy of the Plan Statement
                  and all other pertinent documents in the possession of the
                  Committee.

         (g)      The Committee may permanently or temporarily delegate its
                  responsibilities under this claims procedure to an individual
                  or a committee of individuals.

11.5.    LIMITATIONS AND EXHAUSTION.

         11.5.1.  LIMITATIONS. No claim shall be considered under these
administrative procedures unless it is filed with the Committee within one (1)
year after the claimant knew (or reasonably should have known) of the principal
facts on which the claim is based. Every untimely claim shall be denied by the
Committee without regard to the merits of the claim. No legal action (whether
arising under any statute or non-statutory law) may be brought by any claimant
on any matter pertaining to the Plan unless the legal action is commenced in the
proper forum before the earlier of:

         (a)      two (2) years after the claimant knew (or reasonably should
                  have known) of the principal facts on which the claim is
                  based, or

         (b)      ninety (90) days after the claimant has exhausted these
                  administrative procedures.

Knowledge of all facts that a Participant knew (or reasonably should have known)
shall be imputed to each claimant who is or claims to be a Beneficiary of the
Participant (or otherwise

                                      -18-

<PAGE>

claims to derive an entitlement by reference to a Participant) for the purpose
of applying the one (1) year and two (2) year periods.

         11.5.2.  EXHAUSTION REQUIRED. The exhaustion of these administrative
procedures is mandatory for resolving every claim and dispute arising under the
Plan. As to such claims and disputes:

         (a)      no claimant shall be permitted to commence any legal action
                  relating to any such claim or dispute (whether arising under
                  any statute or non-statutory law) unless a timely claim has
                  been filed under these administrative procedures and these
                  administrative procedures have been exhausted; and

         (b)      in any such legal action all explicit and implicit
                  determinations by the Committee (including, but not limited
                  to, determinations as to whether the claim was timely filed)
                  shall be afforded the maximum deference permitted by law.

                                   SECTION 12

                               PLAN ADMINISTRATION

12.1.    OFFICERS. Except as hereinafter provided, functions generally assigned
to UnitedHealth Group shall be discharged by its officers or delegated and
allocated as provided herein.

12.2.    CHIEF EXECUTIVE OFFICER. Except as hereinafter provided, the Chief
Executive Officer of UnitedHealth Group may delegate or redelegate and allocate
and reallocate to one or more persons or to a committee of persons jointly or
severally, and whether or not such persons are directors, officers or employees,
such functions assigned to UnitedHealth Group generally hereunder as he or she
may from time to time deem advisable.

12.3.    BOARD OF DIRECTORS. Notwithstanding the foregoing, the Board of
Directors shall have the sole authority to terminate the Plan.

12.4.    COMMITTEE. The Committee shall:

         (a)      keep a record of all its proceedings and acts and keep all
                  books of account, records and other data as may be necessary
                  for the proper administration of the Plan; notify UnitedHealth
                  Group of any action taken by the Committee and, when required,
                  notify any other interested person or persons;

         (b)      determine from the records of UnitedHealth Group the
                  compensation, status and other facts regarding Participants;

                                      -19-

<PAGE>

         (c)      prescribe forms to be used for distributions, notifications,
                  etc., as may be required in the administration of the Plan;

         (d)      set up such rules, applicable to all Participants similarly
                  situated, as are deemed necessary to carry out the terms of
                  this Plan Statement;

         (e)      perform all other acts reasonably necessary for administering
                  the Plan and carrying out the provisions of this Plan
                  Statement and performing the duties imposed on it by the Board
                  of Directors;

         (f)      resolve all questions of administration of the Plan not
                  specifically referred to in this section;

         (g)      provide adequate notice in writing to any claimant whose claim
                  for benefits under the Plan has been denied, setting forth the
                  specific reasons for such denial, written in a manner
                  calculated to be understood by the claimant; and

         (h)      delegate or redelegate to one or more persons, jointly or
                  severally, and whether or not such persons are members of the
                  Committee or employees of UnitedHealth Group, such functions
                  assigned to the Committee hereunder as it may from time to
                  time deem advisable.

If there shall at any time be three (3) or more members of the Committee serving
hereunder who are qualified to perform a particular act, the same may be
performed, on behalf of all, by a majority of those qualified, with or without
the concurrence of the minority. No person who failed to join or concur in such
act shall be held liable for the consequences thereof.

12.5.    DELEGATION. The Board of Directors and the members of the Committee
shall not be liable for an act or omission of another person with regard to a
responsibility that has been allocated to or delegated to such other person
pursuant to the terms of the Plan Statement or pursuant to procedures set forth
in the Plan Statement.

12.6.    CONFLICT OF INTEREST. If any individual to whom authority has been
delegated or redelegated hereunder shall also be a Participant in the Plan, such
Participant shall have no authority with respect to any matter specially
affecting such Participant's individual rights hereunder (as distinguished from
the rights of all Participants and Beneficiaries or a broad class of
Participants and Beneficiaries), all such authority being reserved exclusively
to other individuals as the case may be, to the exclusion of such Participant,
and such Participant shall act only in such Participant's individual capacity in
connection with any such matter.

12.7.    SERVICE OF PROCESS. In the absence of any designation to the contrary
by the Committee, the General Counsel of UnitedHealth Group is designated as the
appropriate and exclusive agent for the receipt of process directed to this Plan
in any legal proceeding, including arbitration, involving the Plan.

                                      -20-

<PAGE>

12.8.    EXPENSES. The expenses of administering this Plan shall be payable out
of the trust fund, if any, established for this Plan except to the extent that
UnitedHealth Group, in its discretion, directly pays the expenses. If no such
trust fund exists, UnitedHealth Group shall pay such expenses.

12.9.    CERTIFICATIONS. Information to be supplied or written notices to be
made or consents to be given by the Committee pursuant to any provision of this
Plan Statement may be signed in the name of the Committee by any officer who has
been authorized to make such certification or to give such notices or consents.

12.10.   ERRORS IN COMPUTATIONS. UnitedHealth Group shall not be liable or
responsible for any error in the computation of the Account or the determination
of any benefit payable to or with respect to any Participant resulting from any
misstatement of fact made by the Participant or by or on behalf of any survivor
to whom such benefit shall be payable, directly or indirectly, to UnitedHealth
Group and used by the Committee in determining the benefit. The Committee shall
not be obligated or required to increase the benefit payable to or with respect
to such Participant which, on discovery of the misstatement, is found to be
understated as a result of such misstatement of the Participant. However, the
benefit of any Participant which is overstated by reason of any such
misstatement or any other reason shall be reduced to the amount appropriate in
view of the truth (and to recover any prior overpayment).

                                   SECTION 13

                                  CONSTRUCTION

13.1.    APPLICABLE LAWS.

         13.1.1.  ERISA STATUS. Since no employee of UnitedHealth Group or any
affiliate may actively participate in this Plan (see Sections 2 and 3.3), this
Plan is not subject to regulation under the Employee Retirement Income Security
Act of 1974 ("ERISA").

         13.1.2.  IRC STATUS. The Plan is intended to be a nonqualified,
unfunded, deferred compensation arrangement.

         13.1.3.  REFERENCES TO LAWS. Any reference in the Plan Statement to a
statute or regulation shall be considered also to mean and refer to any
subsequent amendment or replacement of that statute or regulation.

13.2.    EFFECT ON OTHER PLANS. This Plan Statement shall not alter, enlarge or
diminish any person's rights or obligations under any other benefit plan for
members of the Board of Directors.

                                      -21-

<PAGE>

13.3.    DISQUALIFICATION. Notwithstanding any other provision of the Plan
Statement or any election or designation made under the Plan, any potential
Beneficiary who feloniously and intentionally kills a Participant shall be
deemed for all purposes of the Plan and all elections and designations made
under the Plan to have died before such Participant. A final judgment of
conviction of felonious and intentional killing is conclusive for this purpose.
In the absence of a conviction of felonious and intentional killing, the
Committee shall determine whether the killing was felonious and intentional for
this purpose.

13.4.    RULES OF DOCUMENT CONSTRUCTION.

         (a)      Whenever appropriate, words used herein in the singular may be
                  read in the plural, or words used herein in the plural may be
                  read in the singular; the masculine may include the feminine;
                  and the words "hereof," "herein" or "hereunder" or other
                  similar compounds of the word "here" shall mean and refer to
                  the entire Plan Statement and not to any particular paragraph
                  or Section of the Plan Statement unless the context clearly
                  indicates to the contrary.

         (b)      The titles given to the various Sections of the Plan Statement
                  are inserted for convenience of reference only and are not
                  part of the Plan Statement, and they shall not be considered
                  in determining the purpose, meaning or intent of any provision
                  hereof.

         (c)      Notwithstanding any thing apparently to the contrary contained
                  in the Plan Statement, the Plan Statement shall be construed
                  and administered to prevent the duplication of benefits
                  provided under the Plan and any other plan maintained in whole
                  or in part by UnitedHealth Group.

13.5.    CHOICE OF LAW. This instrument has been executed and delivered in the
State of Minnesota and has been drawn in conformity to the laws of that State
and shall be construed and enforced in accordance with the laws of the State of
Minnesota.

This Plan Statement was approved by the Board of Directors on October 30, 2001.

                                     UNITEDHEALTH GROUP
                                     INCORPORATED

                                     By:_______________________________________
                                        David J. Lubben, General Counsel and
                                        Secretary

                                      -22-<PAGE>
                                                                  EXHIBIT 10(s)
                           Amendment and Assignment

                      United HealthCare Insurance Company

                    American Association of Retired Persons

                      Trustees of the AARP Insurance Plan

                              AARP Services, Inc.

         This ASSIGNMENT is made and entered into as of the 28th day of
December, 1999, by and between the American Association of Retired Persons
("AARP"), the Trustees of the AARP Insurance Plan ("AARP Trust"), United
HealthCare Insurance Company ("United"), and AARP Services, Inc. ("Services").

                                   WITNESSETH

         WHEREAS, AARP has made available to its members a group Medicare
supplement, hospital indemnity and certain other medical insurance coverages and
other products from United (the "Program"); and

         WHEREAS, the Program is presently being made available pursuant to an
Agreement between the parties dated as of February 26, 1997 (the "United
Agreement"); and

         WHEREAS, AARP is desirous of restructuring its operational structure
whereby certain activities formerly conducted by AARP, including performance of
quality control operations, monitoring of service providers, and granting third
parties use of the AARP Mailing List, will in the future be conducted by
Services and no longer be conducted by AARP; and

         WHEREAS, AARP and United desire to assign certain of their respective
rights and obligations relating to quality control, monitoring and the AARP
Membership Information as set
<PAGE>
out in the United Agreement to Services, a wholly-owned subsidiary of AARP,
which subsidiary will carry out these activities formerly carried out by AARP.

NOW THEREFORE, IT IS AGREED:

1)   Attached hereto as Exhibit A is a copy of the United Agreement between
     AARP, the AARP Trust, and United effective as of February 26, 1997. By this
     Assignment, AARP assigns all of its rights, title and interests in such
     Agreement as they relate to quality control, monitoring and the AARP
     Membership Information, to Services, saving and excepting to itself those
     rights, title and interests contained in the Agreement relating to the
     exclusive right of AARP to its name, symbol, mark, logos, and acronym (the
     "AARP Marks") and the right of AARP to receive a royalty for the use of the
     AARP Marks. The Definitions as set out in Article 2 of the United Agreement
     are incorporated herein by reference to the extent that such Definitions
     are applicable. All other provisions of the United Agreement not assigned
     shall remain as set out in the United Agreement and shall control to the
     extent consistent with the terms of this Assignment.

2)   The allowances determined in accordance with Section 6.1 of the United
     Agreement and payable in accordance with Section 6.7 of the United
     Agreement shall be payable under the same terms and conditions by United to
     AARP.

3)   AARP hereby assigns and transfers to Services:

     a)  All of its rights, title and interests in the United Agreement as they
         relate to quality control and monitoring of the use by United of the
         AARP Marks.

    (b)  A license to use and sublicense the AARP names, addresses, and member
         identification number(s) (the "Membership Information").

                                      -2-

<PAGE>

     c)  Nothing herein shall be interpreted as AARP assigning those rights,
         title and interests contained in the United Agreement relating to the
         exclusive right of AARP to the AARP Marks and the right of AARP to
         receive a royalty for the use of the AARP Marks.

     d)  All rights, title and interests not assigned by this Assignment shall
         remain as set out in the United Agreement and shall control to the
         extent consistent with the terms of this Assignment.

4)   It is intent of the parties hereto that the payment made by United to AARP
     pursuant to the United Agreement and referred to as an allowance is a
     royalty and pursuant to this Assignment and the agreement referred to in
     this paragraph, the royalty is to be bifurcated into a payment to AARP
     Services for Quality Control and monitoring and to AARP for use of the AARP
     Marks. AARP shall grant United an exclusive license to use the AARP Marks
     by separate agreement. Such separate agreement shall obligate United to
     compensate AARP for the use of its intangible property by the payment of a
     royalty. A copy of such separate agreement is attached hereto as Exhibit B.

5)   The quality control, monitoring and AARP Membership Information rights and
     obligations set out in the United Agreement which are hereby transferred to
     Services are as follows:

     a)  Quality Control: Services shall be responsible for ensuring that United
         maintains all of the standards and meets all of the requirements set
         out in the United Agreement. Services shall be subject to the
         obligations of AARP contained therein. All reports required of United
         formerly to have been provided to AARP shall be provided by United to
         Services.

                                      -3-
<PAGE>
         b)   Monitoring: An activity of Quality Control consisting of the
              overseeing of operations as called for in the United Agreement.

         c)   Any and all rights of United to the AARP Membership Information
              are hereby transferred from AARP to Services. AARP has licensed
              the use of its member mailing list and Membership Information to
              Services by separate agreement with the right of Services to
              sublicense such information. Services hereby grants to United all
              rights to the Membership Information formerly granted to United by
              AARP pursuant to the United Agreement. Any and all approvals
              required of AARP as to the use of the Membership Information
              pursuant to the United Agreement shall be requested by United from
              Services.

         d)   All rights of United as to the Membership Information remain as
              they are set out in the United Agreement, with such rights to be
              provided by Services. United acknowledges Services as the
              successor to AARP for all purposes relating to Membership
              Information. Nothing in this Assignment Agreement shall grant to
              Services or United any rights whatsoever as to the AARP Marks.

6)       United shall pay to Services the sum of the following amounts as
         compensation:

         a)   For Membership Information, during the term of this Assignment,
              United shall pay to Services an amount equal to eight percent (8%)
              of the amount computed pursuant to Article 6 of the United
              Agreement.

         b)   For Quality Control services, United shall pay to Services an
              amount equal to Services' costs to perform such services, plus ten
              percent (10%). Services shall bill United for these services and
              payment shall be made within thirty (30) days.

                                      -4-
<PAGE>
         7)   Notices required or appropriate to be given under this Agreement
              shall be given as set out in the United Agreement, with a copy of
              all such notices:

              To Services:

              AARP Services, Inc.
              601 E Street, N.W.
              Washington, D.C. 20049
              FACSIMILE NUMBER: (202) 434-2339
              Attention: Steven Zaleznick, President

         8)   All representations, warranties and indemnifications made by the
              parties to the Agreement being amended are hereby incorporated by
              reference with modifications as necessary to result in Services
              assuming those representations, warranties and indemnifications of
              AARP to the extent they relate to the subject matter of this
              Amendment and Assignment, and Services being the beneficiary of
              those representations, warranties and indemnifications of the
              service provider to the extent they relate to the subject matter
              of the Amendment and Assignment.

         9)   This Agreement shall be binding upon and shall inure to the
              benefit of each of the parties hereto and their respective
              successors and assigns.

                                      -5-
<PAGE>
         10)  This Agreement may be executed in counterparts, each of which
              shall be deemed to be an original.

              IN WITNESS WHEREOF, the parties have executed this Agreement this
28th day of December, 1999.

American Association of Retired Persons

By:   /s/ Horace B. Deets
   ------------------------------------------

      Horace B. Deets, Executive Director

Trustees of the AARP Insurance Plan

By:   /s/ Illegible
   ------------------------------------------

United HealthCare Insurance Company

By:   /s/ Illegible
   ------------------------------------------

AARP Services, Inc.

By:   /s/ Steven Zaleznick
   ------------------------------------------
      Steven Zaleznick

                                      -6-
<PAGE>
                               ROYALTY AGREEMENT

                      United HealthCare Insurance Company
                    American Association of Retired Persons
                      Trustees of the AARP Insurance Plan

         This AGREEMENT is made and entered into as of the 28th day of December,
1999, by and between the American Association of Retired Persons ("AARP"), the
Trustees of the AARP Insurance Plan ("AARP Trust"), and the United HealthCare
Insurance Company ("Provider").

                                   WITNESSETH

         WHEREAS, AARP, the AARP Trust, and Provider are parties to an agreement
dated as of February 26, 1997 ("Agreement") under which AARP licenses its name,
symbol, mark, logos, service marks and acronym ("AARP Marks") to Provider, and
under which the Provider makes available services to AARP members. AARP receives
an allowance as compensation for such licenses under the Agreement.

         WHEREAS, AARP and the Provider have determined that the allowance for
the licenses is in fact a royalty.

         WHEREAS, AARP Services, Inc. ("Services") is a wholly-owned subsidiary
of AARP that is governed and operated separately and independently from AARP.

         WHEREAS, AARP, the AARP Trust, and the Provider have entered into an
assignment ("Assignment") with Services, under which AARP and the Provider have
assigned to Services certain of their rights, title and interests in the
Agreement, and, pursuant to such Assignment, AARP has reserved unto itself all
of its right, title and interest in the AARP Marks.

         WHEREAS, AARP has entered into an agreement with Services
("AARP-Services Agreement"), under which Services will fulfill all of the rights
and obligations of AARP as set out in the Agreement.
<PAGE>
         WHEREAS, AARP and the AARP Trust wish to enter into this royalty
agreement ("Royalty Agreement") with Provider, under which AARP solely licenses
the AARP Marks to Provider, and receives in return royalties solely for the use
of its intangible property.

         WHEREFORE, IT IS AGREED:

         1) To the extent that this Royalty Agreement modifies provisions of the
Agreement, this Royalty Agreement replaces and supersedes such provisions in the
Agreement relating to AARP's license to Provider of the AARP Marks, and the
right of AARP to receive a royalty for such license. All other provisions of the
Agreement shall remain in full force and effect. Should any provision of this
Royalty Agreement conflict with a provision of the Agreement and such provision
not relate to the license of the AARP Mark or payment therefore, the provision
of the Agreement shall control.

         2) AARP hereby grants and licenses to Provider the exclusive right to
use the AARP Marks, in connection with Provider's operation of the program
carried on by Provider as set forth in the Agreement.

         3) The license described in par. 2 above shall be for the time period
as set out in the Agreement.

         4) As payment for the use of the intangible rights described in Par. 2
above, Provider shall pay AARP a royalty fee of the amount as set out in Article
6 of the Agreement as an allowance, modified as follows:

              a) During the term of this Royalty Agreement, there shall be
              deducted by Provider from the amount due to AARP pursuant to
              Article 6 of the Agreement an amount equal to eight percent (8%)
              of such amount, plus any amount paid to

<PAGE>
              AARP Services for its quality control activities carried on to
              enable it to comply with its rights and obligations set out in the
              Assignment.

              b) It is the intent of the parties to this Royalty Agreement that
              the amounts due to AARP under this Royalty Agreement plus the
              amounts paid by Provider to AARP Services to enable it to fulfill
              its rights and obligations under the Assignment shall equal the
              amount which would have been paid to AARP under the Agreement.

         5) The foregoing royalty constitutes the sole and entire payment AARP
is entitled to receive hereunder or otherwise from Provider for the license
granted hereunder.

         6) Provider shall comply with the provisions of the Assignment; shall
furnish all necessary information to Services on a timely basis; and shall pay
Services for Service's activities in assisting Provider to comply with the
provisions of the Assignment.

         7) Should the Agreement be terminated pursuant to its terms, this
Royalty Agreement shall terminate at the same time.

         8) Any dispute arising out of or relating to this Royalty Agreement,
including, but not limited to, interpretation, validity, or breach of this
Royalty Agreement shall be resolved as if this Royalty Agreement was part of the
Agreement and the provisions of Article 11 of the Agreement applied.

         9) Neither AARP nor Provider are now, nor shall they become or be
considered as, either principal or agent of the other in connection with the
program as set out in the Agreement, nor shall AARP and Provider be joint
venturers or partners either in carrying out their respective duties and
obligations under this Royalty Agreement or for any other purpose. AARP is not
will it become or be considered, as having an ownership interest in the program
as set out in the

<PAGE>
Agreement, nor in Provider (except AARP is the sole and exclusive owner of all
proprietary and other property rights in interests in and to the AARP Marks)
and AARP shall not be liable or responsible in any such capacity or capacities.
Accordingly, Provider shall at no time and in no medium or manner state or
imply that the AARP has any such interest in or connection with, Provider or
the program as set out in the Agreement except that Provider may, in
promotional materials, describe or provide information about the license
granted hereunder.

         10) This Agreement constitutes the entire agreement among the parties
with respect to the matters treated herein and supersedes and replaces any prior
Agreement between the parties. Modifications or amendments to this Agreement
shall be effective only if in writing and signed by the parties.

         11) The parties shall keep each other reasonably informed about legal
or any other developments affecting the Program, shall cooperate with one
another to carry out and implement the terms and objectives of this Agreement
and shall perform such further acts, execute such further documents, and enter
into such further agreements as may be necessary or appropriate to these ends.
Without limiting the foregoing, each shall permit the other party (and its
authorized representatives) reasonable access to its files and records and shall
make available to the other party (and its authorized representatives)for
consultation responsible officials for the purpose of more fully carrying out
the terms and objectives of this Agreement, provided that the same be requested
during normal business hours and upon reasonable notice

         12) Provider may from time to time propose to AARP, for its approval,
additional products to include within the program.

         13) Notices required or appropriate to be given under this Agreement
shall be given as set out in the Agreement.

<PAGE>
         14) Whenever possible, each provision of this Agreement shall be
interpreted in such manner as to be effective and valid, but if any provision of
this Agreement shall be held to be prohibited or invalid, such provision shall
be ineffective only to the extent of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of this
Agreement. No failure on the part of any party to exercise, and no delay in
exercising, any right hereunder shall operate as a waiver thereof, nor shall any
single or partial exercise of any right hereunder by any party preclude any
other or further exercise of any other right and no waiver whatever shall be
valid unless in a signed writing, and then only to the extent specifically set
forth in such writing. No waiver of any right hereunder shall operate as a
waiver of any other or of the same or similar right on another occasion.

         15) The Article and Section headings contained in this Agreement are
not part of this Agreement, are for the convenience of reference only and shall
not affect the meaning, construction or interpretation of this Agreement.

         16) This Agreement shall be binding upon and shall inure to the benefit
of each of the parties hereto and their respective successors and assigns.

         17) This Agreement may be executed in counterparts, each of which shall
be deemed to be an original.

         IN WITNESS WHEREOF, the parties have executed this Agreement this 28th
day of December, 1999.

American Association of Retired Persons     Trustees of the AARP Insurance Plan

By: /s/ Horace B. Deets                      By:  /s/ Illegible
   -------------------------------------          ----------------------------
     Horace B. Deets, Executive Director              Illegible

United HealthCare Insurance Company

By:/s/ Illegible
   -------------------------------------
       Illegible
<PAGE>
             FOURTH AMENDMENT TO THE AARP HEALTH INSURANCE AGREEMENT

         This Fourth Amendment to the AARP Health Insurance Agreement (this
"Amendment"), dated as of December 18, 2001 (the "Effective Date"), is made by
and between AARP Services, Inc., a Delaware corporation ("ASI") and United
HealthCare Insurance Company, a Delaware corporation ("United"). The parties
hereto shall collectively be referred to as the "Parties."

                                    RECITALS

         A. The AARP, the Trustees of the AARP Insurance Plan, and United are
parties to a certain AARP Health Insurance Agreement dated as of February 26,
1997 (the "Original Agreement").

         B. The Original Agreement was first amended effective January 1, 1998,
to address the Medicare Select product (the "First Amendment").

         C. The Original Agreement was also amended effective January 1, 1998,
to address the Health Care Options Pharmacy Service offered to SHIP Pharmacy
Insureds (the "Second Amendment").

         D. By subsequent amendment and assignment on December 28, 1999, AARP,
AARP Trust and United agreed to the assignment to and assumption by ASI of
certain rights and obligations (the "Third Amendment").

         E. The Original Agreement and its subsequent amendments shall
hereinafter collectively be referred to as the "Agreement." Capitalized terms
not defined in this Amendment but defined in the Agreement shall have the
meanings set out therein.

         F. Since the execution of the Agreement, United, ASI and its
consultants have worked together to develop certain Developed Systems to support
the administration of the SHIP

                                       1

<PAGE>

Plans and the provision of Services, the costs of which were approved by ASI and
charged to the SHIP. The Developed Systems are set forth in more detail on
Exhibit 7.7.2 hereto.

         G. Section 7.7.2 of the Agreement provides that the Developed Systems
are to be owned as agreed among the Parties. In accordance with Section 7.7.2,
the Parties desire to provide a clear delineation of the rights of the Parties
with respect to the Developed Systems, as more fully set forth in this
Amendment.

         Now, therefore, the Parties agree as follows:

         A. Article 7 of the Agreement is amended by the addition of the
following subsections 7.7.2.1 through 7.7.2.5:

                  7.7.2.1. Approval. United shall not, alone or in conjunction
         with any other person or entity, license, sell or otherwise utilize the
         Developed Systems for the purpose of enabling or facilitating the
         provision of any service or product other than in connection with the
         SHIP without the prior written approval of ASI, such approval not to be
         unreasonably withheld.

                  7.7.2.2. Use of Developed Systems involving a Directly
         Competitive Service or Product Prohibited. United shall not, alone or
         in conjunction with any other person or entity, license, sell or
         otherwise utilize the Developed Systems for the purpose of enabling or
         facilitating the provision of any Directly Competitive Service or
         Product, unless the Parties mutually agree otherwise. A "Directly
         Competitive Service or Product" means the following services and
         products offered to or through any other

                                       2
<PAGE>

         group (other than AARP and its subsidiaries): Medicare supplement
         insurance, supplemental medical insurance, supplemental hospital
         indemnity insurance, long term care insurance, dental insurance,
         pharmacy services, vision services and any other services or products
         upon which the Parties mutually agree.

                  7.7.2.3. Compensation. The Parties hereby agree that a
         licensing fee shall be paid for any use, sale or license of the
         Developed Systems that is approved by ASI. The licensing fee shall be
         reimbursed to the SHIP in consideration of its capital investment in
         the Developed Systems. The amount of the licensing fee shall be as the
         Parties mutually agree and may take into account the following
         criteria: (a) utilization of hardware capacity (e.g., servers, computer
         systems, and network hardware) comprising the Developed Systems, (b)
         utilization of software capacity (e.g., database management systems,
         and modeling algorithms) comprising the Developed Systems, (c) direct
         expense of engineering resources comprising the Developed Systems, (d)
         direct expense of design resources comprising the Developed Systems and
         (e) consideration of the size or scope of the project involving the
         Developed Systems.

                  7.7.2.4. Budgetary Considerations. All costs, fees, and future
         funding provided with respect to the development of the Developed
         Systems shall be governed by ASI's budget and approval process for the
         SHIP; provided, however, that any such costs, fees, and funding which
         are required for the SHIP due to an Event of Force Majeure shall not be
         withheld.

                                       3
<PAGE>

                  7.7.2.5. Future Development. United may at any time
         independently develop systems, notwithstanding any prior exposure by
         its engineering team to the Developed Systems. However, unless approved
         by ASI pursuant to subsection 7.7.2.1 above, United may not utilize the
         proprietary customized source code and object code, hardware, custom
         software, copyrighted material and/or patented technology comprising
         the Developed Systems, except for the know-how, processes, and other
         intellectual property, including patentable or copyrightable materials
         developed, owned or possessed by United's contractors and embedded in,
         underlying or constituting a part of the Developed Systems, the right,
         title and interest of which did not pass to United.

                  B. Exhibit 7.7.2 is revised to read as set forth in the
         attached Exhibit 7.7.2, which is hereby incorporated by reference as
         the new Exhibit 7.7.2.

                  C. This Amendment shall survive termination of the Agreement;
         however, this Amendment does not supercede the termination provisions
         of Article 10.

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their duly authorized officers as of the date first set forth above.

AARP SERVICES, INC.

By:      _______________________________________

Print Name:       _________________________________

                                       4
<PAGE>

Print Title:      _________________________________

UNITED HEALTHCARE INSURANCE COMPANY

By:      __________________________________________

Print Name:       _________________________________

Print Title:      _________________________________

                                       5
<PAGE>

                                                                   EXHIBIT 7.7.2

I. Developed Systems

         Developed Systems are comprised of:

         A. The new SHIP policy administration system, which includes all
portions of the new SHIP policy administration system and any future
enhancements, augmentation or modifications made thereto, including hardware
(servers, desktop machines, and network infrastructure), systems software, and
applications software, developed, licensed or purchased by United, to date or in
the future, as replacement for the current SHIP ADMIN Policy Administration
System, and funded out of the SHIP ("COMPAS"). COMPAS supports or will support
four functional SHIP areas; member enrollment and maintenance; customer service
level II; fulfillment; and billing and collection (including plan and rate
structure, billing and premium calculation, and accounts receivable).

         B. All portions of the SHIP Claims system developed by United and
funded out of the SHIP.

         C. Other Business Transition-Related Systems -- All systems developed
or licensed to support the transition of non-Core SHIP business functions from
the Member Services Vendor to United, and funded by the SHIP.

                                       6
<PAGE>

             FIFTH AMENDMENT TO THE AARP HEALTH INSURANCE AGREEMENT

         AARP Services, Inc. ("ASI") and United HealthCare Insurance Company
("United") hereby agree to this Fifth Amendment of the AARP Health Insurance
Agreement entered into and dated as of February 26, 1997, and subsequently
amended, as set forth below:

A.       Article 2 of the Agreement is amended by the addition of the following
         Sections 2.126, 2.127 and 2.128:

         "2.126. AARP HealthLine Services means the services offered by United
         to SHIP Medicare Supplement Insureds as described in subsection
         3.2.2(i) and Exhibit 3.2.2(i) of the Agreement.

         2.127. AARP HealthLine Claim Savings means the savings, expressed in
         dollars, derived from SHIP Medicare Supplement Insureds' utilization of
         AARP HealthLine Services. This is calculated using a model described in
         Exhibit 2.127 hereto that is based on differences in level of service
         between an individual's intention regarding care before calling to the
         care that the individual actually received after calling, as verified
         through aggregate reporting to ASI.

         2.128. SHIP Medicare Supplement Insured means an individual who is
         insured under any SHIP Plan that is a Medicare supplement insurance
         plan, including prestandardized and standardized Medicare Supplement
         insurance and Medicare Select."

B.       Subsection 3.2.2(g) of the Agreement is deleted in its entirety and
         replaced with the following:

         "3.2.2(g).  Reserved."

C.       Subsection 3.2.2 of the Agreement is amended by the addition of new
         subparagraph (i) to read as follows:

         "(i) United shall make available to all SHIP Medicare Supplement
         Insureds access to the AARP HealthLine Services. The AARP HealthLine
         Services are set forth in Exhibit 3.2.2(i) which is attached hereto and
         made a part of the Agreement. Additionally, United agrees to the
         following:

         (1) Performance Standards. United shall meet or exceed the performance
         standards and measurements set forth in Exhibit 3.2.2(i)(1) in
         performing its obligations under this subsection.

                                       1
<PAGE>

D.       (2) Program Performance Evaluation. United shall conduct a program
         performance evaluation beginning at 18 months following the effective
         date of the Fifth Amendment. The performance evaluation will measure
         the following program components: utilization of service, including
         overall utilization and ratio of new users to repeat users; customer
         service, including average speed of answer, call abandonment rate,
         member satisfaction and retention, and complaint resolution; projected
         return on investment based on program usage by SHIP Medicare Supplement
         Insureds; cross referrals into other AARP Health Care Options products;
         and clinical call mix. The Parties agree that the results of such
         evaluation may necessitate changes to the program, which may be made
         upon mutual agreement except as set forth in subsection 10.2.3 below.

         (3) Training. United shall develop and implement, to the satisfaction
         of ASI, training for employees supporting the AARP HealthLine Services,
         which shall address the operation and provision of AARP HealthLine
         Services and areas of special concern when dealing with senior
         sensitivity and mature customers.

         (4) Reports. United shall provide monthly and quarterly reports to ASI,
         at intervals and in a format and medium to be agreed to by the Parties,
         to monitor and evaluate program performance. These reports shall
         include, but are not limited to reports on utilization of service,
         customer service, satisfaction, marketing results and analysis, and an
         aggregate report that verifies the elements of the AARP HealthLine
         Claim Savings Model.

         (5) Marketing Communications. United shall develop an annual AARP
         HealthLine Services marketing plan which shall be submitted to ASI for
         its review and approval. United shall communicate the availability and
         benefits of the AARP HealthLine Services in existing AARP member
         communications. United shall adhere to the then-current AARP Health
         Care Options review and approval process for all written or scripted
         oral marketing, promotional, member and all other communications which
         shall be disseminated to SHIP Medicare Supplement Insureds or the
         general AARP membership describing the AARP HealthLine Services
         ("Promotional Materials"). United shall use the product name designated
         by ASI when providing AARP HealthLine Services under this Agreement.

         (6) Additional Promotional Materials. In addition to the communications
         described in subsection 3.2.2(i)(5) above, United shall communicate in
         writing the availability and benefits of the AARP HealthLine Services
         at least two (2) times per year through the following Promotional
         Materials ("Additional Promotional Materials"): welcome packet and
         reminder postcards or other mailings. United shall receive *** for each
         active SHIP Medicare Supplement Insured per month for the term of this
         Amendment to produce and mail the Additional Promotional Materials.
         This charge is in addition to the compensation set forth in section
         6.11."

         (7) Subcontract. Certain of the AARP HealthLine Services shall be
         provided by Optum pursuant to an agreement between United and Optum, an
         executed copy of which shall be provided to ASI ("Optum Services
         Agreement"). ASI shall have the right to review and approve any
         proposed changes to the Optum Services Agreement.

***   Represents text deleted pursuant to a confidentiality treatment request
      filed with the Securities and Exchange Commission pursuant to Rule 24b-2
      under the Securities Exchange Act of 1934, as amended.

                                       2
<PAGE>

E.       Section 6.10 of the Agreement is amended by deletion of the reference
         to "care coordination programs."

F.       Article 6 of the Agreement is amended by the deletion of subsection
         6.10.2.

G.       Article 6 of the Agreement is further amended by the addition of the
         following new section 6.11, inclusive of subsections 6.11.1 through
         6.11.4:

         "6.11 AARP HealthLine Services. Compensation for the AARP HealthLine
         Services shall be paid as follows:

         6.11.1 For the first year that the Fifth Amendment is in effect ("Year
         One"), United shall be paid *** for each active SHIP Medicare
         Supplement Insured per month. If, at the end of Year One, the AARP
         HealthLine Claim Savings total *** or more, United shall be paid an
         additional *** for each active SHIP Medicare Supplement Insured per
         month for Year One. United's compensation under this subsection shall
         be treated as a Pass-Through Expense. Refer to Exhibit 6.11 for a table
         that displays United's compensation under this subsection.

         6.11.2 For the second year that the Fifth Amendment is in effect ("Year
         Two"), United shall be paid *** for each active SHIP Medicare
         Supplement Insured per month. If, at the end of Year Two, the AARP
         HealthLine Claim Savings total *** or more for Year Two, United shall
         be paid an additional *** for each active SHIP Medicare Supplement
         Insured per month for Year Two. United's compensation under this
         subsection shall be treated as a Pass-Through Expense. Refer to Exhibit
         6.11 for a table that displays United's compensation under this
         subsection.

         6.11.3 Utilization. The projected annual utilization rate of the AARP
         HealthLine Services is *** of the total number of SHIP Medicare
         Supplement Insureds. In the event that the actual utilization rate for
         Year Two or any subsequent year is above *** but below ***, United's
         compensation shall be reduced by *** per active SHIP Medicare
         Supplement Insured per month for the applicable year. In the event that
         the actual utilization rate for Year Two or any subsequent year is ***
         or below, United's compensation shall be reduced by *** per active SHIP
         Medicare Supplement Insured per month for the applicable year.

         6.11.4 Compensation to ASI. In consideration of the services that ASI
         performs, including administration and oversight responsibilities
         relating to member communications, marketing and operations, ASI shall
         be paid as follows: $200,000 per year if there are less than 2,200,000
         SHIP Medicare Supplement Insureds eligible for AARP HealthLine
         Services; $250,000 per year if there are between 2,200,000 and
         2,600,000 eligible SHIP Medicare Supplement Insureds; or $300,000 per
         year if there are 2,600,000 or more eligible SHIP Medicare Supplement
         Insureds. ASI will be paid one-twelfth of its projected annual
         compensation by the 15th of each calendar month. Within sixty (60) days
         after the end of each calendar year, a reconciliation of the prior
         year's payments will be made. ASI's compensation shall be treated as a
         Pass-

***   Represents text deleted pursuant to a confidentiality treatment request
      filed with the Securities and Exchange Commission pursuant to Rule 24b-2
      under the Securities Exchange Act of 1934, as amended.

                                       3

<PAGE>

H.       Through Expense."

I.       Article 10 of the Agreement is amended by the addition of the following
         subsection 10.1.1:

         "10.1.1 The provisions of the Fifth Amendment shall become effective on
         January 1, 2002, shall remain in effect until December 31, 2003."

J.       Article 10 of the Agreement is further amended by the addition of the
         following subsections 10.2.1 and 10.2.2:

         "10.2.1 Termination for Breach. Any party may terminate the Fifth
         Amendment upon sixty (60) days prior written notice in the event of a
         material breach by another party, provided that such breach has not
         been cured to the non-breaching party's reasonable satisfaction within
         that sixty (60) day period. United's failure to meet or exceed the
         performance standards and measurements set forth in Exhibit 3.2.2(i)(1)
         for three (3) consecutive months or for three (3) months within any
         twelve (12) month period shall be considered a material breach.

         10.2.2 Termination in the event of Change in Law. The parties shall
         renegotiate the Fifth Amendment of this Agreement if any party would be
         materially adversely affected by continued performance as a result of
         (i) a change in law or regulation or (ii) a compliance requirement
         imposed by a governmental authority. The affected party must promptly
         notify the other parties of the change or compliance requirement, the
         material adverse affect, and its desire to renegotiate. If a new
         amendment is not executed within 60 days of the receipt of the
         renegotiation notice, the party materially adversely affected shall
         have the right to terminate the Fifth Amendment upon thirty (30) days
         prior written notice to the other parties. Any such notice of
         termination must be given within fifteen (15) days of the end of the
         sixty (60) day renegotiation period.

         10.2.3 Termination after Program Performance Evaluation. If the results
         of the Program Performance Evaluation described in subsection
         3.2.2(i)(2) are not satisfactory to ASI, ASI may discontinue the AARP
         HealthLine Services and terminate this amendment effective upon the
         expiration of the initial two-year term. ASI shall provide United
         written notice of this decision at least three (3) months prior to the
         expiration of the initial term."

                                       4

<PAGE>

IN WITNESS WHEREOF, the parties have caused this Amendment of the Agreement to
be executed by their duly authorized officers.

AARP SERVICES, INC.

By:_________________________________

Print Name:_________________________

Print Title:________________________

UNITED HEALTHCARE INSURANCE COMPANY

By:_________________________________

Print Name:_________________________

Print Title:________________________

                                       5
<PAGE>
                                                                   EXHIBIT 2.127

CONFIDENTIAL AND PROPRIETARY INFORMATION
OF OPTUM

                            AARP HealthLine Services

OPTUM RETURN ON INVESTMENT (ROI) ESTIMATION MODEL

A comprehensive and yet conservative approach is used to estimate a financial
return on investment for purchasers of Optum services. This approach creates a
dynamic computer-based actuarial model in spreadsheet format. The model uses
both default parameters derived from market segmented analysis of Optum's book
of business and customized parameters based upon the specific purchaser's
experience. The model's methodology is based on several years of research
development including empirical claims, clinical process, and survey studies.
Independent industry consultants have favorably reviewed this methodology.

WHAT DOES THE ROI MODEL MEASURE?

There are two principal components of economic return in the model that are
relevant to AARP HealthLine Services. These are "Care-path methodology"
(referred to as care-path) claims associated outcomes and service intervention
values.

1. Care-path Claims Associated Outcomes

This component of the model recognizes that symptom-based triage callers sort
into three basic clinical paths as a result of their interaction with Optum.
Care-path outcomes are measured using a two part longitudinal methodology. ***

***

***

***

2. Optum Service Intervention Value

This component addresses the value of Optum services that fall outside of
claims-associated savings. It is derived from conservative estimates of the cost
to provide these services if the customer were to build or buy a capability
equivalent to Optum. Types of services include health information nurse,
clinical updates, audio library, and administrative assistance and member
referrals.

                         How Valid is the ROI Estimate?

This is an estimation model used as a standardized tool for reporting ROI.
Comprehensive investigation of a population's actual health care claims
experience is very costly and difficult. Thus, it is not feasible to conduct
full-scale empirical investigations of the ROI factors on a routine basis for
customers. As an alternative, we use an empirical research base to guide the
assumptions underlying ROI estimates. Additionally, most variables in the model
can accept customer specific input values. Most importantly, the customer's
actual Optum utilization experience and Optum program costs are factored into
this ROI estimate.

ROI DATA SOURCES

***

***                                                  ***

***                                                  ***

***                                                  ***

***                                                  ***

***                                                  ***

***Represents text deleted pursuant to a confidentiality treatment request filed
with the Securities and Exchange Commission pursuant to Rule 24b-2 under the
Securities Exchange Act of 1934, as amended.

                                       1
<PAGE>
                                                                EXHIBIT 3.3.2(i)

                            AARP HealthLine Services

United offers AARP HealthLine Services to SHIP Medicare Supplement Insureds, as
described below. United partners with Optum, a division of United HealthCare
Services, Inc., to provide the AARP HealthLine Services. Optum shall make Optum
staff available to ASI should ASI have any concerns or questions regarding the
services.

AARP HealthLine Services exclude the provision of SHIP Plan information,
including by way of example SHIP Plan eligibility requirements and insurance
benefit information. Callers who inquire about SHIP Plan information will be
given the AARP Health Care Options toll-free telephone number.

I. AARP HEALTHLINE PRODUCT DESCRIPTION

                             NURSE ACCESS FEATURES:

o        "Live answer", toll-free telephone access to registered nurses, 24
         hours a day, 365 days a year

o        "Live answer", toll-free access to registered nurses who speak Spanish

o        Calls are handled by qualified nurses with RN certification and ongoing
         training

o        Help for emergencies, injuries and minor illnesses including immediate
         guidance and education

o        Wellness tip to all SHIP Medicare Supplement Insureds

o        General medical information for all types of health and medical
         questions

o        Decision support for certain high-cost, high-practice variation
         conditions

o        Self-care recommendations and education

o        Approximately 550 clinical guidelines approved by the Medical Director
         and the Medical Review Panel

o        National relay center for the hearing impaired

o        Computerized record system with online, clinical, administrative and
         resource data

o        Full-time medical director on staff

o        Comprehensive medical library and medical librarian

o        Language Line with access to over 120 languages

o        Ongoing quality management

o        Quarterly reports measuring utilization, impact and satisfaction of
         services

o        Information about prescription and over-the-counter medication usage,
         drug interactions, dosage and precautions

                      HEALTH INFORMATION LIBRARY FEATURES:

o        Over 1,000 recorded health messages

o        Over 700 topics which are of interest to seniors

                                       7

<PAGE>

o        Available 24 hours a day, 365 days a year

o        Toll-free 1-800 service

o        Easy access from any telephone nationwide

o        Ability to listen to an important or a complex topic multiple times

o        Ability to transfer to nurse from the library

o        Access to 500 health messages recorded in Spanish

                        AARP HEALTHLINE QUALITY STANDARDS

o        Frequent staff training on health and well-being issues specific to
         older callers

o        Ongoing development of medical triage & health information guidelines
         for age 50+ callers

o        Internal publication on health topics which relate to older Americans
         which is routed to all nurses so they are kept abreast of the latest
         news

o        Consulting geriatrician for guidelines and programs

o        AARP Quality Plan which tracks and reports AARP HealthLine program
         quality

                                       8

<PAGE>
                                                             EXHIBIT 3.2.2(i)(1)

                            QUALITY ASSURANCE PROGRAM
                     PERFORMANCE STANDARDS AND MEASUREMENTS

In performing United's obligations relating to AARP HealthLine Services, United
shall meet or exceed the following standards:

<TABLE>
<CAPTION>
CUSTOMER SERVICE                                           STANDARD                  MEASUREMENT
----------------                                           --------                  -----------
<S>                                                        <C>                       <C>
Average speed of answer                                    30 seconds or less        Call Center System
% Calls answered within 30 seconds                         greater than 90%          Call Center System
Abandonment rate                                            5% or less               Call Center System

COMPLAINT RESOLUTION

Member Complaints                                                                    Complaint Resolution
% resolved within 10 business days                         Greater than 90%          Database

SATISFACTION

% Satisfied Measured Quarterly                             At least 95%              Member Survey
</TABLE>

                                       9
<PAGE>

                                                                    EXHIBIT 6.11

           COMPENSATION TO UNITED UNDER SUBSECTIONS 6.11.1 AND 6.11.2

YEAR        AGGREGATE AARP    COMPENSATION TO UNITED**  COMPENSATION TO UNITED**
            HEALTHLINE CLAIM  IF AGGREGATE IS MET       IF AGGREGATE IS NOT MET
            SAVINGS
            ("AGGREGATE"*)

Year One    ***                       ***                           ***

Year Two    ***                       ***                           ***

* Aggregate is defined as the total AARP HealthLine Claim Savings derived from
the total Net Avoided Visits calculated in accordance with the model described
in Exhibit 2.127.

** Compensation shown is on a "per active SHIP Medicare Supplement Insured per
month" basis.

***   Represents text deleted pursuant to a confidentiality treatment request
      filed with the Securities and Exchange Commission pursuant to Rule 24b-2
      under the Securities Exchange Act of 1934, as amended.

                                       10
<PAGE>

             SIXTH AMENDMENT TO THE AARP HEALTH INSURANCE AGREEMENT

         This Sixth Amendment to the AARP Health Insurance Agreement (this
"Amendment"), dated as of December 23, 2002 (the "Effective Date"), is made by
and between AARP Services, Inc., a Delaware corporation ("ASI") and United
HealthCare Insurance Company, a Delaware corporation ("United"). The parties
hereto shall collectively be referred to as the "Parties".

                                    RECITALS

         WHEREAS, the AARP, the Trustees of the AARP Insurance Plan, and United
are parties to a certain AARP Health Insurance Agreement dated as of February
26, 1997 (the "Original Agreement").

         WHEREAS, by subsequent amendment and assignment on December 28, 1999,
AARP, AARP Trust and United agreed to the assignment to and assumption by ASI of
certain rights and obligations (the "Third Amendment") and, further, United,
AARP and AARP Trust executed a Royalty Agreement dated December 28, 1999
granting United a license to the AARP Marks defined therein and the amended and
assigned agreement is a part thereof.

         WHEREAS, in addition to the Third Amendment, four other amendments have
been made to the Original Agreement (collectively, the "Agreement").

         WHEREAS, due to changes in the marketplace and to more adequately
reflect the value of the AARP Marks, thereby creating greater royalty return to
AARP to support its social mission and strategic initiatives for all members,
the Parties now wish to amend

<PAGE>

the terms of the Agreement to reflect the agreement of the Parties regarding
AARP royalty compensation.

         NOW, THEREFORE, the Parties agree as follows:

      1. Subsection 6.1 of the Agreement is amended by deleting this
         subsection in its entirety and replacing it with following:

                  6.1 AARP Royalty. AARP shall be entitled to receive a royalty
                  for AARP's sponsorship of the SHIP and the license to use the
                  AARP Marks in connection therewith. This royalty shall be
                  3.25% of Member Contribution for Policy Year 2002 and 3.75% of
                  Member Contributions for Policy Year 2003. For Policy Years
                  2004 through 2007, the royalty shall be 4% of Member
                  Contribution, with a review of the increased royalty amount on
                  rates and competitive position prior to implementation.

         2. The Parties agree to execute, no later than February 28, 2003, a
Seventh Amendment to the Original Agreement to reflect the recent agreement of
the Parties regarding United compensation.

         3. Except as amended hereby, all other terms and conditions of the
         Agreement shall remain in full force and effect.

         IN WITNESS WHEREOF, the Parties have executed this Sixth Amendment as
of the date and year first above written.

----------------------------                         ---------------------------
AARP Services, Inc.                                  United HealthCare Insurance
                                                     Company

<PAGE>

                 SEVENTH AMENDMENT TO THE AARP HEALTH INSURANCE

                                   AGREEMENT

         This Seventh Amendment to the AARP Health Insurance Agreement (this
"Amendment"), effective as of December 23, 2002 (the "Effective Date"), is made
by and between AARP Services, Inc., a Delaware corporation ("ASI") and United
HealthCare Insurance Company, a Delaware corporation ("United"). The parties
hereto shall collectively be referred to as the "Parties".

                                    RECITALS

         WHEREAS, the AARP, the Trustees of the AARP Insurance Plan, and United
are parties to a certain AARP Health Insurance Agreement dated as of February
26, 1997 (the "Original Agreement").

         WHEREAS, by subsequent amendment and assignment on December 28, 1999,
AARP, AARP Trust and United agreed to the assignment to and assumption by ASI of
certain rights and obligations (the "Third Amendment") and, further, United,
AARP and AARP Trust executed a Royalty Agreement dated December 28, 1999
granting United a license to the AARP Marks defined therein and the amended and
assigned agreement was made a part thereof.

         WHEREAS, by amendment dated December 23, 2002, ASI and United have
agreed to modify the AARP royalty and to execute a subsequent amendment
reflecting the agreement of the Parties regarding United compensation (the
"Sixth Amendment").

         WHEREAS, in addition to the Third Amendment and Sixth Amendment, four
other amendments have been made to the Original Agreement (collectively, the

<PAGE>

         "Agreement").

         WHEREAS, to bring United's risk and profit in line with the marketplace
to reflect and to continue the superior resources and talent United has brought
to the SHIP and to ensure that the SHIP is competitively positioned, the Parties
now wish to amend the terms of the Agreement to reflect the agreement of the
Parties regarding United compensation.

         NOW, THEREFORE, the Parties agree as follows:

      1. The first paragraph of section 6.3 is amended by deleting this
         paragraph in its entirety and replacing it with the following:

                  6.3 United Risk and Profit Charges. United shall be entitled
                  to receive compensation for assuming the risk associated with
                  the SHIP. Such risk and profit compensation payable to United
                  for Policy Year 2002 shall be *** of Member Contributions for
                  such Policy Year. For Policy Year 2003, the compensation shall
                  be *** of Member Contributions for such Policy Year.

      2. Subsection 6.3.1 is amended by deleting the subsection in its
         entirety and replacing it with the following:

                  6.3.1    Reserved.

      3. Subsection 6.3.2 is amended by deleting the subsection in its
         entirety and replacing it with the following:

                  6.3.2 Incentive Percentage. The parties agree that, beginning
                  with Policy Year 2003, *** of United's Risk and Profit Charge
                  for each Policy Year shall be tied to performance standards
                  set forth in Exhibit 3.2.5, which

***    Represents text deleted pursuant to a confidentiality treatment request
       filed with the Securities and Exchange Commission pursuant to Rule 24b-2
       under the Securities Exchange Act of 1934, as amended.

<PAGE>

                  shall be revised by ASI and United by March 31, 2003 to
                  reflect the parties' mutual understanding of the applicable
                  performance standards and allocated percentages at risk based
                  on performance. The parties agree that *** of the *** at risk
                  annually shall be tied to achieving the pricing standard of
                  maintaining an average rate increase of less than ***. The
                  Incentive Percentage applicable at any time during a Policy
                  Year shall be determined by reference to United's best
                  estimate of the year-to-date performance.

      4. By June 30, 2003, the parties shall (1) review the impact of the
      increase in AARP royalty and United risk and profit compensation on
      rates and competitive position and (2) reach agreement on a
      recommendation to the AARP Trust regarding United risk and profit
      compensation for Policy Years 2004 through 2007 with a target in the
      range of *** to *** of Member Contributions for each such Policy Year,
      depending on the treatment of the risk and profit component of the
      Administrative Service Fee. By November 30, 2003, the parties shall
      complete their review of the impact of the increase in AARP royalty and
      United risk and profit compensation on rates and competitive position
      and agree on implementation.

      5. Except as amended hereby, all other terms and conditions of the
      Agreement shall remain in full force and effect.

         IN WITNESS WHEREOF, the Parties have executed this Seventh Amendment as
of the date and year first above written.

--------------------------                   -----------------------------------
AARP Services, Inc.                          United HealthCare Insurance Company

***    Represents text deleted pursuant to a confidentiality treatment request
       filed with the Securities and Exchange Commission pursuant to Rule 24b-2
       under the Securities Exchange Act of 1934, as amended.

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