Document:

2001 BONUS PLAN FOR CERTAIN KEY EMPLOYEES

     The Company has a discretionary bonus program under which exempt
salaried employees (other than the CEO and Chairman) may be paid bonuses
based on a percentage of base annual salary.  The CEO and Chairman
participate in this plan, however their bonuses are specifically determined
by the board of directors.  The bonus percent is based on a variety of
guidelines including the performance levels of the respective business units
measured by earnings before tax.

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                          Mueller Industries, Inc.
                         Deferred Compensation Plan
                         Amendment and Restatement
                         Effective December 1, 2000

                                   Purpose

The purpose of this Plan is to provide specified benefits to a select group
of management or highly compensated employees who contribute materially to
the continued growth, development and future business success of MUELLER
INDUSTRIES, INC., a Delaware corporation, and its subsidiaries.

                                  ARTICLE 1
                                 Definitions

For purposes hereof, unless otherwise clearly apparent from the context,
the following phrases or terms shall have the following indicated meanings:

1.1  "Account Balance" shall mean, with respect to a Participant, his or
     her Elective Deferral Account.  This account shall be a bookkeeping
     entry only and shall be utilized solely as a device for the
     measurement and determination of the amounts to be paid to or in
     respect of a Participant pursuant to the Plan.

1.2  "Annual Bonus" shall mean any compensation, in addition to Base
     Annual Salary, paid annually in respect of a Plan Year to a
     Participant as an employee under any Employer's annual bonus and
     incentive plans.  An annual Bonus for a Plan Year may, but need not,
     be paid during such Plan Year.

1.3  "Annual Deferral Amount" shall mean that portion of a Participant's
     Base Annual Salary and/or Annual Bonus that a Participant elects to
     have and is deferred, in accordance with Article 3, for any one Plan
     Year.

1.4  "Base Annual Salary" shall mean the annual compensation (excluding
     bonuses, commissions, overtime, incentive payments, non-monetary
     awards, Directors Fees, and other fees) paid to a Participant for
     services rendered to any Employer, before reduction for compensation
     deferred pursuant to all qualified, non-qualified and Code Section
     125 plans of any Employer.

1.5  "Beneficiary" shall mean one or more persons, trusts, estates or
     other entities, designated in accordance with Article 9, that are
     entitled to receive benefits under the Plan upon the death of a
     Participant.

1.6  "Beneficiary Designation Form" shall mean the form established from
     time to time by the Committee that a Participant completes, signs and
     returns to the Committee to designate one or more Beneficiaries.

1.7  "Board" shall mean the Board of Directors of the Company.

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1.8  "Change in Control" shall mean the first to occur of any of the
     following events:

     (a) Any "person" (as that term is used in Section 13 and
         14(d)(2) of the Securities Exchange Act of 1934 ("Exchange Act")),
         after the date hereof becomes the beneficial owner (as that term
         is used in Section 13(d) of the Exchange Act), directly or
         indirectly, of 50 percent or more of the Company's capital stock
         entitled to vote in the election of directors;

     (b) During any period of two consecutive years, individuals
         who at the beginning of such period constitute the Board cease for
         any reason to constitute at least a majority thereof, unless the
         election or the nomination for election by the Company's
         shareholders of each new director was approved by a vote of at
         least three-quarters of the directors still in office who were
         directors at the beginning of the period;

     (c) Any consolidation or merger of the Company, other than a
         consolidation or merger of the Company in which the holders of the
         common stock of the company immediately prior to the consolidation
         or merger hold more than 50 percent of the common stock of the
         surviving corporation immediately after the consolidation or
         merger;

     (d) The shareholders of the Company approve any plan or proposal
         for the liquidation or dissolution of the Company; or

     (e) Substantially all of the assets of the Company are sold or
         otherwise transferred to parties that are not within a "controlled
         group of corporations" (as defined in Section 1563 of the Code) in
         which the Company is a member.

1.9  "Claimant" shall have the meaning set forth in Section 13.1.

1.10 "Code" shall mean the Internal Revenue Code of 1986, as amended.

1.11 "Committee" shall mean the administrative committee appointed to
     manage and administer the Plan in accordance with its provisions
     pursuant to Article 12.

1.12 "Company" shall mean MUELLER INDUSTRIES, INC., a Delaware
     corporation.

1.13 "Deduction Limitation" shall mean the following described limitation
     on the annual benefit that may be distributed pursuant to the
     provisions of this Plan.  The limitation shall be applied to
     distributions under this Plan as set forth in this Plan.  If the
     Company determines in good faith prior to a Change in Control that
     there is a reasonable likelihood that any compensation paid to a
     Participant for a taxable year of the Company would not be deductible
     by the Company solely by reason of the limitation under Code Section
     162(m), then to the extent deemed necessary by the Company to ensure
     that the entire amount of any distribution to the Participant
     pursuant to this plan prior to the Change in Control is deductible,

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<PAGE>
     the Company may defer all or any portion of the distribution.  Any
     amounts deferred pursuant to this limitation shall continue to be
     credited with interest in accordance with Section 3.6 below.  The
     amounts so deferred and interest thereon shall be distributed to the
     Participant or his or her Beneficiary (in the event of the
     Participant's death) at the earliest possible date, as determined by
     the Company in good faith, on which the deductibility of compensation
     paid or payable to the Participant for the taxable year of the
     Company during which the distribution is made will not be limited by
     Section 162(m), or if earlier, the effective date of a Change in
     Control.

1.14 "Deferral Amount" shall mean the sum of all of a Participant's Annual
     Deferral Amounts.

1.15 "Directors Fees" shall mean the annual cash fees paid by any
     Employer, including retainer fees and meetings fees, as compensation
     for serving on the Board of Directors of an Employer.

1.16 "Disability shall mean a period of disability during which a
     Participant qualifies for benefits under the Participant's Employer's
     long-term disability plan, or, if a Participant does not participate
     in such a plan, a period of disability during which the Participant
     would have qualified for benefits under such a plan had the
     Participant been a participant therein, as determined in the sole and
     absolute discretion of the Committee.

1.17 "Enrollment Form" shall mean the form established from time to time
     by the Committee that a Participant completes, signs and returns to
     the Committee to make an election under the Plan.

1.18 "Elective Deferral Account" shall mean the sum of (i) a Participant's
     Deferral Amount, plus (ii) earnings based on the Participant's
     investment elections, net of all distributions from such account.
     This account shall be a bookkeeping entry only and shall be utilized
     solely as a device for the measurement and determination of the
     amounts to be paid to the participant pursuant to the Plan.

1.19 "Employer" shall mean the Company and/or any of its subsidiaries that
     have been selected by the Board to participate in the Plan.

1.20 "Moody's Corporate Bond Rate" shall mean the arithmetic average of
     yields of representative bonds, including industrials, public
     utilities, Aaa, Aa, A and Baa bonds, published by Moody's Investors
     Service, Inc. or any successor to that service.

1.21 "Participant" shall mean any employee (i) who is selected to
     participate in the Plan, (ii) who elects to participate in the Plan,
     (iii) who signs an Enrollment Form and a Beneficiary Designation
     Form, (iv) whose signed Enrollment Form and Beneficiary Designation
     Form are accepted by the Committee, (v) who commences participation
     in the Plan, and (vi) whose Plan participation and eligibility have
     not terminated.

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1.22 "Plan" shall mean the Company's Deferred Compensation Plan, which
     shall be evidenced by this instrument, as may be amended from time to
     time.

1.23 "Plan Year" shall be the calendar year, starting with 1996.

1.24 "Pre-Retirement Survivor Benefit" shall mean the benefit set forth in
     Article 6.

1.25 "Retirement," "Retire," Retires," or "Retired" shall mean severance
     from employment or service with all Employers for any reason other
     than a leave of absence on or after the attainment of (a) age fifty
     (50) and the completion of ten (10) Years of Service, (b) age fifty-
     five (55) and the completion of five (5) Years of Service, (c) age
     sixty-five (65), whichever is earliest.

1.26 "Retirement Benefit" shall mean the benefit set forth in Article 5.

1.27 "Short-Term Payout" shall mean the payout set forth in Section 4.1

1.28 "Termination Benefit" shall mean the benefit set forth in Article 7.

1.29 "Termination of employment" shall mean the ceasing of employment with
     all Employers, voluntarily or involuntarily, for any reason other
     than Retirement, death or an authorized leave of absence.

1.30 "Trust" shall mean the trust established pursuant to that certain
     Trust Agreement, dated as of January 1, 1996, between the Company and
     the trustee named therein, as amended from time to time.

1.31 "Withdrawal Amount" shall mean all of a Participant's Account Balance
     calculated as if such Participant were receiving a lump sum
     Termination Benefit, less a penalty equal to 10 percent of the
     Account Balance determined immediately prior to the date of the
     Participant's election.

1.32 "Years of Service" shall mean the total number of years in which a
     Participant has been employed by or in the service of an Employer.
     For purposes of this definition only, a year of employment or service
     shall be a 365 day period (or 366 day period in the case of a leap
     year) that, for the first year of employment, commences on the
     Participant's date of hire (or engagement) and that, for any
     subsequent year, commences on an anniversary of that hiring date.

                                  ARTICLE 2
                     Selection, Enrollment, Eligibility

2.1  Selection by Committee.  Participation in the Plan shall be limited
     to employees of an Employer who are part of a select group of
     management or highly compensated employees.  From the foregoing, the
     Committee shall select, in its sole and absolute discretion,
     employees to participate in the Plan.

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2.2  Enrollment Requirements.  As a condition to participation, each
     selected employee shall complete, execute and return to the Committee
     within 30 days of selection for participation, an Enrollment Form and
     a Beneficiary Designation Form.  In addition, the Committee shall
     establish from time to time such other enrollment requirements as it
     determines in its sole and absolute discretion are necessary.

2.3  Eligibility; Commencement of Participation.  An employee selected to
     participate herein shall commence participation on the first day of
     the Plan Year following the employee's completion of all enrollment
     requirements set forth herein and required by the Committee,
     including returning all required documents to the Committee and the
     Committee's acceptance of all submitted documents.  Under no
     circumstances may participation commence in the middle of a Plan
     Year.

                                  ARTICLE 3
                   Deferrals, Earnings, and Distributions

3.1  Minimum Deferral.  For each Plan Year, a Participant may elect to
     defer Base Annual Salary and/or Annual Bonus payable in such Plan
     Year.  If no election is made, the amount deferred shall be zero.

3.2  Maximum Deferral.  For each Plan Year, a Participant may elect to
     defer Base Annual Salary and/or Annual Bonus up to the following
     maximum amounts for each deferral elected:

                     Deferral                Maximum Amount
                 ----------------        ----------------------
                 Base Annual Salary               100%
                 Annual Bonus                     100%

3.3  Election to Defer; Effect of Enrollment Form.  In connection with a
     Participant's commencement of participation in the Plan, the
     Participant shall make a deferral election by delivering to the
     Committee a completed and signed Enrollment Form, which election and
     form must be accepted by the Committee for a valid election to exist.
     For each succeeding Plan Year, a new Enrollment Form for that Plan
     Year must be delivered to the Committee, in accordance with its rules
     and procedures, before the end of the Plan Year preceding the Plan
     Year for which the election is made.  If no Enrollment Form is timely
     delivered for a Plan Year, no Annual Deferral Amount shall be
     withheld for that Plan Year.

3.4  Withholding of Deferral Amounts.  For each Plan Year, the Base Annual
     Salary portion of the Annual Deferral Amount shall be withheld each
     payroll period in equal amounts from the Participant's Base Annual
     Salary.  The Annual Bonus portion of the Annual Deferral Amount shall
     be withheld at the time the Annual Bonus is or otherwise would be

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     paid to the Participant.  Each amount so withheld shall be credited
     to the Participant's Elective Deferral Account.  A Participant shall
     at all times have a fully vested and nonforfeitable interest in his
     or her Elective Deferral Account.

3.5  Earnings Prior to Distribution.  Prior to any distributions of
     benefits under Articles 4, 5, 6, or 7, earnings shall be credited to
     a Participant's Account Balance, based on the actual performance of
     the investments selected by said Participant.  In the event of
     Retirement, death, or a Termination of Employment, earnings will be
     credited to the participant's Account Balance under this Section 3.5
     to the end of the month in which such event occurs.  If a
     distribution is made under this plan, the Account Balance shall be
     reduced as of the first day of the month in which the distribution is
     made.

3.6  Installment Distributions.  In the event a benefit is paid in
     installments under articles 5, 6, or 7, earnings shall be credited
     daily on the undistributed portion of the Participant's Account
     Balance.  The Participant shall receive installment distributions as
     follows:

     (a) Beginning with the month following the month during which the
         participant Retires, Dies, or experiences a Termination of
         Employment, and each month thereafter until the Participant's
         Account Balance is paid in full but not to exceed the number of
         months elected, the participant will receive a payment equal to
         the participant's Account Balance on the first day of the month
         divided by the number of months remaining in the period elected by
         the Participant.

     (b) Notwithstanding the above, the Participant may elect a level
         payment for a period not to exceed the following based on the
         number of months elected:

         Number of Months Elected    Months of Level Payments Allowed
         ------------------------    --------------------------------
            60 months (5 years)                 24 months
           120 months (10 years)                36 months
           180 months (15 years)                60 months

         The level payment shall be determined by the Participant's Account
         Balance at the beginning of the distribution period.  Said level
         payment will be determined by amortizing the Participant's Account
         Balance as of the first day of the month during which distribution
         commences, using an applied calculation factor to be determined by
         the Committee from time to time but not to be less than the
         Moody's Corporate Bond Rate in effect for October (as published in
         the immediately following November) of the year preceding
         commencement of the distribution.

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         Beginning with the month following the end of the period of level
         payments, if elected by the participant pursuant to this Section
         3.6(b), the method of determining subsequent months' distributions
         will be in accordance with Section 3.6(a), and the Participant's
         Account Balance shall be reflective of the actual existing Account
         Balance beginning with commencement of installment distributions
         and as determined by the actual experience of the investments as
         selected by the participant from time to time.

3.7  FICA Taxes.  For each Plan Year in which an Annual Deferral Amount is
     being withheld, the Participant's Employer(s) shall ratably withhold
     from that portion of the Participant's Base Annual Salary and/or
     Annual Bonus that is not being deferred, the Participant's share of
     FICA and Medicare taxes on deferred amounts.  If necessary, the
     Annual Deferral Amount shall be reduced (a) in order to meet any
     group benefit or similar commitment and/or applicable state
     withholding taxes to be paid out of the Participant's Based Annual
     Salary and/or Annual Bonus, and (b) in order to comply with this
     Section.

                                  ARTICLE 4
                   Short-Term Payout; Withdrawal Election

4.1  Short-Term Payout.  Subject to the Deduction Limitation, in
     connection with each election to defer an Annual Deferral Amount, a
     Participant may elect to receive a future "Short-Term Payout" from
     the Plan with respect to that Annual Deferral Amount.  The Short-Term
     Payout shall be a lump sum payment in an amount that is equal to the
     Annual Deferral Amount plus interest credited on that amount based on
     the performance of the investments selected by said Participant.
     Subject to the other terms and conditions of this Plan, each Short-
     Term Payout elected shall be paid within 60 days of the first day of
     the elected Plan Year that is 3 or more years after the first day of
     the Plan Year in which the Annual Deferral Amount is actually
     deferred. Notwithstanding the foregoing, should an event occur that
     triggers a benefit under Article 5, 6, or 7, any Annual Deferral
     Amount, plus interest thereon, that is subject to a Short-Term Payout
     election under this Section 4.1 shall not be paid in accordance with
     Section 4.1, but shall be paid in accordance with the other
     applicable Article.

4.2  Withdrawal Election.  A Participant may elect, at any time, to
     withdraw the Withdrawal Amount, as defined in Section 1.31.  No
     partial withdrawals shall be allowed.  The Participant shall make
     this election by giving the Committee advance written notice of the
     election in the form determined from time to time by the Committee.
     Once the Withdrawal Amount is paid, the Participant shall be
     suspended from eligibility to participate in the Plan until the
     beginning of the third Plan Year following the date such amount is
     paid, and the Participant may only resume participation at such time
     or a later Plan Year by completing again the enrollment requirements
     specified in Article 2 hereof.

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                                  ARTICLE 5
                             Retirement Benefit

5.1  Retirement Benefit.  Subject to the Deduction Limitation, a
     Participant who retires shall receive, as a Retirement Benefit, his
     or her Account Balance with interest credited in accordance with
     Section 3.5 hereof.

5.2  Payment of Retirement Benefits.  A Participant, in connection with
     his or her commencement of participation in the Plan, shall elect on
     an Enrollment Form to receive the Retirement Benefit in a lump sum or
     in monthly payments over a period of 60, 120 or 180 months (as
     determined in accordance with Section 3.6 above).  If no election is
     made payments shall be made over a 180 month period.  The Participant
     may change this election to an allowable alternative payout period by
     submitting a new Enrollment Form to the Committee, provided that any
     such Enrollment Form is submitted at least two (2) years prior to the
     Participant's Retirement.  The Enrollment Form most recently accepted
     by the Committee, which meets the requirement of the preceding
     sentence, shall govern the payout of the Retirement Benefit.  The
     lump sum payment shall be made, or installment payments shall
     commence, no later than 60 days from the date the Participant
     Retires.

5.3  Death Prior to Completion of Retirement Benefits.  If a Participant
     dies after Retirement but before the Retirement Benefit is paid in
     full, the Participant's unpaid Retirement Benefit payments shall
     continue and shall be paid to the Participant's Beneficiary (a) over
     the remaining number of months and in the same amounts as that
     benefit would have been paid to the Participant had the participant
     survived, or (b) in a lump sum, if requested by the beneficiary and
     allowed at the sole and absolute discretion of the Committee.  The
     lump sum payment will be the Participant's Account Balance at the
     time of his or her death, or, if later, at  the time the lump sum
     payment is actually made.

                                  ARTICLE 6
                       Pre-Retirement Survivor Benefit

6.1  Pre-Retirement Survivor Benefit.  Subject to the Deduction
     Limitation, if a Participant dies before he or she Retires or has a
     Termination of Employment, the Participant's Beneficiary shall
     receive a Pre-Retirement Survivor Benefit equal to the participant's
     Account Balance with interest credited in accordance with Section 3.5
     hereof.

6.2  Payment of Pre-Retirement Survivor Benefits.  The Pre-Retirement
     Survivor Benefit shall be paid in the payment period previously
     elected by the Participant for the payment of the Retirement Benefit,
     or, if no election was made, monthly for 15 years.  However, the Pre-
     Retirement Survivor Benefit payment may be made as a lump sum at the
     request of the Beneficiary and at the sole and absolute discretion of
     the Committee.  The first (or only payment, if made in lump sum)
     shall be made within 60 days of the Committee's receiving proof of
     the Participant's death.

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                                  ARTICLE 7
                             Termination Benefit

7.1  Termination Benefits.  Subject to the Deduction Limitation, if a
     Participant experiences a Termination of Employment prior to his or
     her Retirement, the Participant shall receive a Termination Benefit,
     which shall be equal to the Participant's Account Balance with
     interest credited in accordance with Section 3.5 hereof.

7.2  Payment of Termination Benefit.  A Participant, in connection with
     his or her commencement of participation in the Plan, shall elect on
     an Enrollment Form to receive the Termination Benefit in a lump sum
     or in monthly payments over a period of 60, 120, or 180 months (as
     determined in accordance with Section 3.6 above).  The Participant
     may change the selection to an allowable alternative pay out period
     by submitting a new Enrollment Form to the Committee, provided that
     any such Enrollment Form is submitted at least two (2) years prior to
     the Participant's Termination of Employment.  The Enrollment Form
     most recently accepted by the Committee, which meets the requirement
     of the preceding sentence, shall govern the payout of the Termination
     Benefit.  The lump sum payment shall be made, or installment payments
     shall commence, no later than 60 days from the date of the
     Participant's Termination of Employment.

7.3  Death Prior to Completion of Termination Benefits.  If a Participant
     dies after Termination of Employment but before the Termination
     Benefit is paid in full, the Participant's unpaid termination benefit
     payments shall continue and shall be paid to the Participant's
     beneficiary (a) over the remaining number of months and in the same
     amounts as the benefit would have been paid to the Participant had
     the Participant survived, or (b) in a lump sum, if requested by the
     beneficiary and allowed at the sole and absolute discretion of the
     committee.  The lump sum payment will be the Participant's Account
     Balance at the time of his or her death, or, if later, at the time
     the lump sum payment is actually made.

                                  ARTICLE 8
                        Disability Waiver and Benefit

8.1  Disability Waiver.

     (a) Eligibility.  By participating in the Plan, all Participants
         are eligible for this waiver.

     (b) Waiver of Deferral; Credit for Plan Year of Disability.  A
         Participant who is determined by the Committee to be suffering
         from a Disability shall be excused from fulfilling that portion of
         the Annual Deferral Amount commitment that would otherwise have
         been withheld from a participant's Base Annual Salary and/or
         Annual Bonus for the Plan Year during which the Participant first
         suffers a Disability.  During the period of Disability, the
         Participant shall not be allowed to make any additional deferral
         elections.

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<PAGE>
     (c) Return to Work.  If a Participant returns to employment with an
         Employer after a Disability ceases, the Participant may elect to
         defer an Annual Deferral Amount for the Plan Year following his or
         her return to employment or service and for every Plan Year
         thereafter while a Participant in the Plan; provided such deferral
         elections are otherwise allowed and an Election Form is delivered
         to and accepted by the Committee for each such election in
         accordance with Section 3.3 above.

8.2  Benefit Eligibility.  A Participant suffering a Disability shall, for
     benefit purposes under this Plan, but subject to Section 8.1 above,
     continue to be considered to be employed and shall be eligible for
     the benefits provided for in Articles 4, 5, 6, and 7 in accordance
     with the provisions of those Articles.  Employee shall be considered
     an active employee for purposes of Section 1.32 hereof during a
     Disability.  Notwithstanding the above, the Committee shall have the
     right, in its sole and absolute discretion and for purposes of this
     Plan only, to terminate a Participant's employment at any time after
     such Participant is determined to be permanently and totally disabled
     under the Participant's employer's long-term disability plan or would
     have been determined to be permanently and totally disabled had he or
     she participated in such plan.  In such case, the participant's
     Termination Benefit under Article 7 hereof shall, if payable in
     installments, be computed in accordance with Section 3.6 hereof.

                                  ARTICLE 9
                           Beneficiary Designation

9.1  Beneficiary.  Each Participant shall have the right, at any time to
     designate his or her Beneficiary (both primary as well as contingent)
     to receive any benefits payable under the Plan to a Beneficiary upon
     the death of a Participant.  The Beneficiary designated under this
     Plan may be the same as or different from the Beneficiary designation
     under any other plan of an Employer in which the Participant
     participates.

9.2  Beneficiary Designation; Change; Spousal Consent.  A Participant
     shall designate his or her Beneficiary by completing and signing the
     Beneficiary Designation Form, and returning it to the committee or
     its designated agent.  A Participant shall have the right to change a
     Beneficiary by completing, signing and otherwise complying with the
     terms of the Beneficiary Designation form and the Committee's rules
     and procedures, as in effect from time to time.  Where required by
     law or by the Committee, in its sole and absolute discretion, if the
     Participant names someone other than his or her spouse as a
     Beneficiary, a spousal consent, in the form designated by the
     Committee, must be signed by the Participant's spouse and returned to
     the Committee.  Upon the acceptance by the Committee of a new
     Beneficiary Designation Form, all Beneficiary designations previously
     filed shall be canceled.  The Committee shall be entitled to rely on
     the last Beneficiary Designation Form filed by the Participant and
     accepted by the Committee prior to his or her death.

                                      -10-
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9.3  Acknowledgment.  No designation or change in designation of a
     Beneficiary shall be effective until received, accepted and
     acknowledged in writing by the Committee or its designated agent.

9.4  No Beneficiary Designation.  If a Participant fails to designate a
     Beneficiary as provided in Sections 9.1, 9.2, and 9.3 above, or, if
     all designated Beneficiaries predecease the Participant, then the
     Participant's designated Beneficiary shall be his or her surviving
     spouse.  If the Participant has no surviving spouse, the benefits
     remaining under the Plan shall be paid to the Participant's estate.

9.5  Doubt as to Beneficiary.  If the Committee has any doubt as to the
     proper Beneficiary to receive payments pursuant to this Plan, the
     Committee shall have the right, exercisable in its sole and absolute
     discretion, to cause the participant's Employer to withhold such
     payments until this matter is resolved to the Committee's
     satisfaction.

9.6  Discharge of Obligations.  The payment of benefits under the Plan to
     a Beneficiary shall fully and completely discharge all Employers and
     the Committee from all Further obligations under this Plan with
     respect to the Participant, and that Participant's Plan Agreement
     shall terminate upon such full payment of benefits.

                                  ARTICLE 10
                               Leave of Absence

10.1 Paid Leave of Absence.  If a Participant is authorized by the
     Participant's Employer for any reason to take a paid leave of absence
     from the employment of the Employer, the Participant shall continue
     to be considered actively employed by the Employer for purposes of
     Section 1.32 hereof and the Annual Deferral Amount shall continue to
     be withheld during such paid leave of absence in accordance with
     Section 3.3.

10.2 Unpaid Leave of Absence.  If a Participant is authorized by the
     Participant's Employer for any reason to take an unpaid leave of
     absence from the employment of the Employer, the Participant shall
     continue to be considered actively employed by the Employer for
     purposes of Section 1.32 hereof, but the Participant shall be excused
     from making deferrals until the earlier of the date the leave of
     absence expires or the date the Participant returns to paid
     employment status.  Upon such expiration or return, deferrals shall
     resume for the remaining portion of the Plan Year in which the
     expiration or return occurs, based on the deferral election, if any,
     made for that Plan Year.  If no election was made for that Plan Year,
     no deferral shall be withheld.

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                                  ARTICLE 11
                   Termination, Amendment or Modification

11.1 Termination.  Any Employer reserves the right to terminate the Plan
     at any time with respect to Participants employed by the Employer.
     Upon the termination of the Plan, the Participant's Account Balance
     shall be paid out as though the Participant had experienced a
     Termination of Employment on the date of Plan termination, or, if
     Plan termination occurs after the date upon which the Participant was
     eligible to Retire, the Participant had Retired on the date of Plan
     termination, or, if Plan termination occurs after the Participant
     Retired or had a Termination of Employment and commenced (but not
     completed) distribution hereunder, benefits shall continue to the
     Participant pursuant to the terms hereof without regard to the Plan
     termination.

11.2 Amendment.  Any Employer may, at any time, amend or modify the Plan
     in whole or in part with respect to that Employer; provided, however,
     that no amendment or modification shall be effective to decrease a
     Participant's Account Balance, calculated as though the Participant
     had experienced a Termination of Employment as of the effective date
     of the amendment or modification, or, if the amendment or
     modification occurs after the date upon which the Participant was
     eligible to Retire, the Participant had Retired as of the effective
     date of the amendment or modification.  In addition, no amendment or
     modification of the Plan shall affect the right of any Participant or
     Beneficiary who was eligible to or did Retire or who did have a
     Termination of Employment on or before the effective date of such
     amendment or modification to received benefits over the time period
     he or she elected in accordance with Section 5.2 hereof.

11.3 Interest Rate in the Event of a Change in Control and Interest.  In
     connection with a Termination of employment or a Plan termination,
     amendment or modification under Sections 11.1 and 11.2 above,
     occurring within two (2) years following a Change in Control, the
     interest rate for an installment payment shall in all events be
     determined in accordance with Section 3.6 hereof.

11.4 Effect of Payment.  The full payment of the applicable benefit under
     Articles 4, 5, 6, or 7 of the Plan shall completely discharge all
     obligations to a Participant under this Plan and the Participant's
     Plan agreement shall terminate.

                                  ARTICLE 12
                               Administration

12.1 Committee Duties.  This Plan shall be administered by a Committee, to
     be known as the Mueller Deferred Compensation Plan Committee, which
     shall consist of individuals approved by the Board.  The initial
     members shall include the Chairman of the Board, and the Chief
     Executive Officer and Chief Financial Officer of the Company.
     Members of the Committee may be Participants under this Plan.  The
     Committee shall also have the discretion and authority to make,
     amend, interpret, and enforce all appropriate rules and regulations

                                      -12-
<PAGE>
     for the administration of this Plan and decide or resolve any and all
     questions including interpretations of this Plan, as may arise in
     connection with the Plan.  Any committee member must recuse himself
     or herself on any matter of personal interest to such member that
     comes before the Committee.

12.2 Agents.   In the administration of this Plan, the Committee may, from
     time to time, employ agents and delegate to them such administrative
     duties as it sees fit and may from time to time consult with counsel
     who may be counsel to any Employer.

12.3 Binding Effect of Decisions.  The decision or action of the Committee
     with respect to any question arising out of or in connection with the
     administration, interpretation and application of the Plan and the
     rules and regulations promulgated hereunder shall be final and
     conclusive and binding upon all persons having any interest in the
     Plan.

12.4 Indemnity of Committee.  All Employers shall indemnify and hold
     harmless the members of the Committee against any and all claims,
     losses, damages, expenses or liabilities arising from any action or
     failure to act with respect to this Plan to the fullest extent
     permitted by applicable law.

12.5 Employer Information.  To enable the Committee to perform its
     functions, each Employer shall supply full and timely information to
     the Committee on all matters relating to the compensation of its
     Participants, the date and circumstances of the Retirement,
     Disability, Death or Termination of Employment of its Participants,
     and such other pertinent information as the Committee may reasonably
     require.

                                  ARTICLE 13
                              Claims Procedure

13.1 Presentation of Claim.  Any Participant or Beneficiary of a deceased
     Participant (such Participant or Beneficiary being referred to below
     as a "Claimant") may deliver to the Committee a written claim for a
     determination with respect to the amounts distributable to such
     Claimant, from the Plan.  If such a claim relates to the contents of
     a notice received by the Claimant, the claim must be made within 60
     days after such notice was received by the Claimant.  All other
     claims must be made within 180 days of the date on which the event
     that caused the claim to arise occurred.  The claim must state with
     particularity the determination desired by the Claimant.

13.2 Notification of Decision.  The Committee shall consider a Claimant's
     claim within 60 days of the making of the claim, and shall notify the
     Claimant in writing:

     (a) That the Claimant's requested determination has been made, and
         that the claim has been allowed in full; or

                                      -13-
<PAGE>
     (b) That the Committee has reached a conclusion contrary, in whole
         or in part, to the Claimant's requested determination, and such
         notice must set forth in a manner calculated to be understood
         by the Claimant:

        (i)   the specific reasons(s) for the denial of the claim, or
              any part of it;

        (ii)  specific reference(s) to pertinent provisions of the Plan
              upon which such denial was based;

        (iii) 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

        (iv)  an explanation of the claim review procedure set forth in
              Section 13.3. below.

13.3 Review of Denied Claim.  Within 60 days after receiving a notice from
     the Committee that a claim has been denied, in whole or in part, a
     Claimant (or the Claimant's duly authorized representative) may file
     with the Committee a written request for a review of the denial of
     the claim.  Thereafter, but not later than 30 days after the review
     procedure begins, the Claimant (or the Claimant's duly authorized
     representative):

     (a) may review pertinent documents;

     (b) may submit written comments or other documents; and/or

     (c) may request a hearing, which the Committee, in its sole
         discretion, may grant.

13.4 Decision on Review.  The Committee shall render its decision on
     review promptly, and not later than 60 days after the filing of a
     written request for review of the denial, unless a hearing is held or
     other special circumstances require additional time, in which case
     the Committee's decision must be rendered within 120 days after such
     date.  Such decision must be written in a manner calculated to be
     understood by the Claimant, and it must contain.

     (a) Specific reasons for the decision;

     (b) Specific reference(s) to the pertinent Plan provisions upon
         which the decision was based; and

     (c) Such other matters as the Committee deems relevant.

13.5 Legal Action.  A Claimant's compliance with the foregoing provisions
     of the Article 13 is a mandatory prerequisite to a Claimant's right
     to commence any legal action with respect to any claim for benefits
     under this Plan.

                                      -14-
<PAGE>
                                  ARTICLE 14
                                    Trust

14.1 Establishment of Trust.  The Company shall establish the Trust.
     While no Employer guarantees the level of funding, it is the
     Employers' intention that sufficient assets be transferred to the
     Trust so that the value of the Trust at all times equals or exceeds
     the aggregate value of Account Balances.

14.2 Interrelationship of the Plan and the Trust.  The provisions of the
     Plan shall govern the rights of a Participant to receive
     distributions pursuant to the Plan.  The provisions of the Trust
     shall govern the rights of the participant and the creditors of the
     Employers to the assets transferred to the Trust.  The Employers
     shall at all times remain liable to carry out their obligations under
     the Plan.  The Employers' obligations under the Plan may be satisfied
     with Trust assets distributed pursuant to the terms of the Trust.

                                  ARTICLE 15
                                Miscellaneous

15.1 Unsecured General Creditor.  Participants and their Beneficiaries,
     heirs, successors and assigns shall have no legal or equitable right,
     interest or claim in any specific property or assets of an Employer.
     Any and all of an Employer's assets shall be, and remain, the general
     unpledged and unrestricted assets of the Employer.  An Employer's
     obligation under the Plan shall be merely that of an unfunded and
     unsecured promise to pay money in the future.

15.2 Employer's Liability.  An Employer's liability for the payment of
     benefits shall be defined only by the Plan.  An Employer shall have
     no obligation to a Participant under the Plan except as expressly
     provided in the Plan.

15.3 Nonassignability.  Neither a Participant nor any other person shall
     have any right to commute,  sell, assign, transfer, pledge,
     anticipate, mortgage, or otherwise encumber, transfer, hypothecate or
     convey in advance of actual receipt, the amounts, if any payable
     hereunder, or any part thereof, which are, and all rights to which
     are expressly declared to be unassignable and non- transferable.  No
     part of the amounts payable shall, prior to actual payment, be
     subject to seizure or sequestration for the payment of any debts,
     judgements, alimony or separate maintenance owed by a Participant or
     any other person, nor be transferable by operation of law in the
     event of a Participant's or any other person's bankruptcy or
     insolvency.

15.4 Coordination with Other Benefits.  The benefits provided for a
     Participant and Participant's Beneficiary under the Plan are in
     addition to any other benefits available to such Participant under
     any other plan or program for employees of the Participant's
     Employer.  The Plan shall supplement and shall not supersede, modify
     or amend any other such plan or program except as may otherwise be
     expressly provided.

                                      -15-
<PAGE>
15.5 Not a Contract of Employment.  The terms and conditions of this Plan
     shall not be deemed to constitute a contract of employment between
     any Employer and the Participant.  Such employment is hereby
     acknowledged to be an "at will" employment relationship that can be
     terminated at any time for any reason, with or without cause, unless
     expressly provided in a written employment agreement.  Nothing in
     this Plan shall be deemed to give a Participant the right to be
     retained in the service of any Employer, either as an employee or a
     director, or to interfere with the right of any Employer to
     discipline or discharge the Participant at any time.

15.6 Furnishing Information.   A Participant or his or her Beneficiary
     will cooperate with the Committee by furnishing any and all
     information requested by the Committee and take such other actions as
     may be reasonably requested in order to facilitate the administration
     of the Plan and the payments of benefits hereunder, including but not
     limited to taking such physical examinations as the Committee may
     deem necessary.

15.7 Terms.    Whenever any words are used herein in the singular or in
     the plural, they shall be construed as though they were used in the
     plural or the singular, as the case may be in all cases where they
     would so apply.  The masculine pronoun shall be deemed to include the
     feminine and vice versa, unless the context clearly indicates
     otherwise.

15.8 Captions.  The captions of the articles, sections and paragraphs of
     this Plan are for convenience only and shall not control or affect
     the meaning or construction of any of its provisions.

15.9 Governing Law.  Subject to ERISA, the provisions of this Plan shall
     be construed and interpreted according to the laws of the State of
     Tennessee.

15.10 Notice.  Any notice or filing required or permitted to be given to
      the Committee under this Plan shall be sufficient if in writing and
      hand-delivered, or sent by registered or certified mail, to:

                         Director of Human Resources
                          MUELLER INDUSTRIES, INC.
                      8285 Tournament Drive, Suite 150
                              Memphis, TN 38125

      Such notice shall be deemed given as of the date of delivery or, if
      delivery is made by mail, as of the date shown on the postmark on the
      receipt for registration or certification.  The committee may from
      time to time change its address for the purpose of notice or filing
      required or permitted to be given to the Committee under this Plan by
      giving written notice to the Participants specifying a new address.

      Any such notice or filing required or permitted to be given to a
      Participant under this Plan shall be sufficient if in writing and
      hand-delivered, or sent by mail, to the last known address of the
      Participant.

                                      -16-
<PAGE>
15.11 Successors.  The provisions of this Plan shall bind and inure to the
      benefit of the Participant's Employer and its successors and assigns
      and the Participant, the Participant's Beneficiaries, and their
      permitted successors and assigns.

15.12 Spouse's Interest.  The interest in the benefits hereunder of a
      spouse of a Participant who has predeceased the Participant shall
      automatically pass to the Participant and shall not be transferable
      by such spouse in any manner, including but not limited to such
      spouse's will, nor shall such interest pass under the laws of
      intestate succession.

15.13 Validity.  In case any provision of this Plan shall be illegal or
      invalid for any reason, said illegality or invalidity shall not
      affect the remaining parts hereof, but this Plan shall be construed
      and enforced as if such illegal or invalid provision had never been
      inserted.

15.14 Incompetent.  If the Committee determines in its discretion that a
      benefit under this Plan is to be paid to a minor, a person declared
      incompetent or to a person incapable of handling the disposition of
      that person's property, the Committee may direct payment of such
      benefit to the guardian, legal representative or person having the
      care and custody of such minor, incompetent or incapable person.  The
      Committee may require proof of minority, incompetence, incapacity or
      guardianship, as it may deem appropriate prior to distribution of the
      benefit.  Any payment of a benefit shall be a payment for the account
      of the Participant and the participant's Beneficiary, as the case may
      be, and shall be a complete discharge of any liability under the Plan
      for such payment amount.

15.15 Distribution in the Event of Taxation.  If, for any reason, all or
      any portion of a Participant's benefit under this Plan becomes
      taxable to the Participant prior to receipt, a participant may
      petition the Committee for a distribution of assets sufficient to
      meet the participant's tax liability (including additions to tax,
      penalties and interest).  Upon the grant of such a petition, which
      grant shall not be unreasonably withheld, a participant's employer
      shall distribute to the participant immediately available funds in an
      amount equal to that Participant's federal, state and local tax
      liability associated with such taxation (which amount shall not
      exceed the Participant's vested Account Balance), which liability
      shall be measured by using that Participant's then current highest
      federal, state and local marginal tax rate, plus the rates or amounts
      for the applicable additions to tax, penalties and interest.  If the
      petition is granted, the tax liability distribution shall be made
      within 90 days of the date when the participant's petition is
      granted.  Such a distribution shall reduce the benefits to be paid
      under this Plan.

                                      -17-
<PAGE>
15.16 Legal Fees to Enforce Rights After Change in Control.  The Company is
      aware that upon the occurrence of a Change in Control, the Board
      (which might then be composed of new members) or a shareholder of the
      Company, or of any successor corporation might then cause or attempt
      to cause the Company or such successor to refuse to comply with its
      obligations under the Plan and might cause or attempt to cause the
      Company to institute, or may institute, litigation seeking to deny
      Participants the benefits intended under the Plan.  In these
      circumstances, the purpose of the Plan could be frustrated.
      Accordingly, if, following a Change in Control, it should appear to
      any Participant that the Company or the Committee has failed to
      comply with any of its obligations under the Plan or any agreement
      thereunder or, if the Company or any other person takes any action to
      declare the Plan void or unenforceable or institutes any litigation
      or other legal action designed to deny, diminish or to recover from
      any Participant or Beneficiary the benefits intended to be provided,
      then the Company irrevocably authorizes such person to retain counsel
      of his or her choice at the expense of the Company to represent such
      person in connection with the initiation or defense of any litigation
      or other legal action, whether by or against the Company, the
      Committee, or any director, officer, shareholder or other person
      affiliated with the Company or any successor thereto in any
      jurisdiction

IN WITNESS WHEREOF, the Company has signed this amended and restated Plan
document as of December 1, 2000.

                                       MUELLER INDUSTRIES, INC.
                                       A Delaware Corporation

                                       By:/S/John P. Fonzo
                                       Its:Vice President

                                      -18-

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