Document:

INDEMNITY AGREEMENT

     This  INDEMNITY  AGREEMENT  is  made  as  of  January 31, 2000, by and
between   Stewart   Enterprises,   Inc.,   a  Louisiana  corporation   (the
"Corporation"), and G. Kenneth Stephens, Jr. ("Indemnitee").

     In  consideration of Indemnitee's continued  service  after  the  date
hereof, the Corporation and Indemnitee do hereby agree as follows:

     1.   AGREEMENT  TO SERVE.  Indemnitee shall serve or continue to serve
as an officer of the Corporation, and as a director or officer of any other
corporation,  subsidiary,   partnership,  joint  venture,  trust  or  other
enterprise of which he is serving  at  the  request of the Corporation, and
agrees to serve in such capacities for so long  as  he  is  duly elected or
appointed  and  qualified  or  until  such  earlier time as he tenders  his
resignation in writing.

     2.   DEFINITIONS.  As used in this Agreement:

          (a)  The  term  "Claim"  shall mean any  threatened,  pending  or
completed  claim, action, suit or proceeding,  including  appeals,  whether
civil,  criminal,   administrative   or   investigative  and  whether  made
judicially or extra-judicially, including any  action by or in the right of
the Corporation, or any separate issue or matter  therein,  as  the context
requires.

          (b)  The term "Determining Body" shall mean (i) those members  of
the  Board of Directors who are not named as parties to the Claim for which
indemnification  is  being  sought ("Impartial Directors"), if there are at
least three Impartial Directors,  or  (ii)  a  committee  of at least three
Impartial  Directors appointed by the Board or a duly authorized  committee
thereof (regardless  whether  the  directors voting on such appointment are
Impartial  Directors) or (iii) if there  are  fewer  than  three  Impartial
Directors or  if the Board of Directors or the committee appointed pursuant
to clause (ii)  of  this  paragraph  so  directs  (regardless  whether  the
directors  voting on such appointment are Impartial Directors), independent
legal counsel, which may be the regular outside counsel of the Corporation,
as designated  by  the  Impartial Directors or, if no such directors exist,
the full Board of Directors.

          (c)  The term "Disbursing  Officer"  shall  mean the President of
the Corporation or, if the President has a direct or indirect  interest  in
the  Claim  for which indemnification is being sought, any officer who does
not have such  an interest and who is designated by the President to be the
Disbursing Officer  with respect to indemnification requests related to the
Claim, which designation  shall  be  made  promptly  after  receipt  of the
initial request for indemnification with respect to such Claim.

          (d)  The  term  "Expenses"  shall  mean  any  expenses  or  costs
including,  without  limitation,  attorney's  fees,  judgments, punitive or
exemplary damages, fines, excise taxes or amounts paid in settlement.

          (e)  The  term "Insurance Policy" shall mean  the  Directors  and
Officers Liability Policy  that  the Corporation has obtained from CNA, and
the Excess Directors and Officers  Liability  Policies that the Corporation
has  obtained  from  Reliance  Insurance  Co.  and Chubb/Federal  Insurance
Company,  on behalf of its directors and officers  for  the  policy  period
commencing September 27, 1999 and ending September 27, 2000.

     3.   LIMITATION  OF  LIABILITY.  To  the  fullest  extent permitted by
Article  VII  of  the Articles of Incorporation of the Corporation  (as  in
effect on the date  hereof),  Indemnitee shall not be liable for any breach
of his fiduciary duty.  If and to the extent such provisions are amended to
permit further limitations of liability, Indemnitee shall not be liable for
any breach of his fiduciary duty  to the fullest extent permitted after any
such amendment.

     4.   MAINTENANCE OF INSURANCE.   (a)  The  Corporation  represents and
warrants  that  it presently maintains in force and effect a directors  and
officers  liability  insurance  policy  with  coverage  comparable  to  the
coverage provided under the Insurance Policy, and Indemnitee represents and
warrants that  he has been furnished with a copy of the policy currently in
effect and of the  Insurance  Policy.   Subject  only  to the provisions of
Section  4(b)  hereof,  the  Corporation  hereby agrees that,  so  long  as
Indemnitee shall continue to serve in any capacity  referred  to in Section
5(a)  hereof and thereafter so long as Indemnitee shall be subject  to  any
possible  Claim, the Corporation shall use its commercially reasonable best
efforts to  purchase  and  maintain in effect for the benefit of Indemnitee
one  or  more valid and enforceable  policies  of  directors  and  officers
liability   insurance   providing,  in  all  respects,  coverage  at  least
comparable to that provided pursuant to the Insurance Policy.

          (b)  The Corporation  shall  not  be  required  to  purchase  and
maintain  the  Insurance  Policy  or any comparable policy if directors and
officers liability insurance is not  reasonably  available  or  if,  in the
reasonable  business  judgment  of  the  then directors of the Corporation,
there is insufficient benefit to the Corporation from such insurance.

     5.   ADDITIONAL INDEMNITY.

          (a)  To the extent any Expenses  incurred  by  Indemnitee  are in
excess  of the amounts reimbursed or indemnified pursuant to the provisions
of Section  4  hereof,  the  Corporation  shall indemnify and hold harmless
Indemnitee  against  any  Expenses  actually  and  reasonably  incurred  by
Indemnitee  (as they are incurred) in connection  with  any  Claim  against
Indemnitee, or  involving Indemnitee solely as a witness or person required
to give evidence,  by  reason of Indemnitee's position as a (i) director or
officer of the Corporation,  (ii)  director or officer of any subsidiary of
the Corporation or as a fiduciary with respect to any employee benefit plan
of the Corporation, or (iii) director,  officer, partner, employee or agent
of another corporation, partnership, joint  venture,  trust  or  other for-
profit or not-for-profit entity or enterprise, if such position is  or  was
held at the request of the Corporation, whether relating to service in such
position  before  or  after  the  effective  date of this Agreement, if (A)
Indemnitee  is successful in his defense of the  Claim  on  the  merits  or
otherwise or  (B) Indemnitee has been found by the Determining Body to have
met the Standard of Conduct (as hereinafter defined); provided that (1) the
amount of Expenses for which the Corporation shall indemnify Indemnitee may
be reduced by the  Determining Body to such amount as it deems proper if it
determines that the  Claim  involved  the  receipt  of  personal benefit by
Indemnitee,  and  (2)  no indemnification shall be made in respect  of  any
Claim as to which Indemnitee  shall  have  been  adjudged  by  a  court  of
competent  jurisdiction,  after  exhaustion of all appeals therefrom, to be
liable for willful or intentional misconduct in the performance of his duty
to  the  Corporation  or to have obtained  an  improper  personal  benefit,
unless,  and  only  to the  extent  that,  a  court  shall  determine  upon
application that, despite  the adjudication of liability but in view of all
the circumstances of the case, Indemnitee is fairly and reasonably entitled
to indemnity for such Expenses which the court shall deem proper.

          (b)  For purposes of this Agreement, the "Standard of Conduct" is
met when conduct by Indemnitee  with  respect  to which a Claim is asserted
was conduct performed in good faith which he reasonably  believed to be in,
or not opposed to, the best interest of the Corporation, and,  in  the case
of  a  Claim  which  is  a  criminal  action  or  proceeding,  conduct that
Indemnitee had no reasonable cause to believe was unlawful. The termination
of any Claim by judgment, order, settlement, conviction, or upon  a plea of
NOLO  CONTENDERE  or  its  equivalent,  shall  not,  of  itself,  create  a
presumption that Indemnitee did not meet the Standard of Conduct.

          (c)  Promptly  upon  becoming aware of the existence of any Claim
as to which Indemnitee may be indemnified  for  Expenses  and  as  to which
Indemnitee  desires to obtain indemnification, Indemnitee shall notify  the
President of  the  Corporation,  but  the  failure  to  promptly notify the
President shall not relieve the Corporation from any obligation  hereunder,
except  and  to the extent that such failure has materially and irrevocably
harmed the Corporation's  ability  to defend against such Claim pursuant to
Section 5(f) hereof.  Upon receipt of  such  request,  the  President shall
promptly  advise the members of the Board of Directors of the  request  and
that the establishment of a Determining Body with respect thereto will be a
matter to be  considered  at  the  next  regularly scheduled meeting of the
Board.  If a meeting of the Board of Directors  is  not regularly scheduled
within 120 calendar days of the date the President receives  notice  of the
Claim,  the  President  shall  cause  a  special  meeting  of  the Board of
Directors to be called within such period in accordance with the provisions
of  the  Corporation's  By-laws.   After  the  Determining  Body  has  been
established,  the  President shall inform Indemnitee of the constitution of
the Determining Body and Indemnitee shall provide the Determining Body with
all  facts  relevant to  the  Claim  known  to  him,  and  deliver  to  the
Determining Body  all  documents  relevant  to the Claim in his possession.
Before  the  60th day (the "Determination Date")  after  its  receipt  from
Indemnitee of  such  information, together with such additional information
as the Determining Body  may reasonably request of Indemnitee prior to such
date (the receipt of which  shall  not  begin  a  new  60-day  period), the
Determining  Body  shall  determine  whether or not Indemnitee has met  the
Standard of Conduct and shall advise Indemnitee  of  its determination.  If
Indemnitee  shall  have  supplied  the Determining Body with  all  relevant
information, including all additional  information  reasonably requested by
the  Determining  Body,  any  failure of the Determining  Body  to  make  a
determination by or on the Determination Date as to whether the Standard of
Conduct was met shall be deemed  to be a determination that the Standard of
Conduct was met by Indemnitee.

          (d)  If  at any time during  the  60-day  period  ending  on  the
Determination Date,  Indemnitee  becomes  aware  of  any  relevant facts or
documents  not  theretofore  provided  by  him  to  the  Determining  Body,
Indemnitee  shall  promptly  inform the Determining Body of such  facts  or
documents, unless the Determining Body has obtained such facts or documents
from another source.  The provision  of  such facts to the Determining Body
shall not begin a new 60-day period.

          (e)  The  Determining  Body shall  have  no  power  to  revoke  a
determination that Indemnitee met the Standard of Conduct unless Indemnitee
(i) submits fraudulent information  to  the  Determining  Body  at any time
during the 60 days prior to the Determination Date or (ii) fails  to comply
with  the  provisions  of  Sections  5(c) or 5(d) hereof, including without
limitation  Indemnitee's  obligation to  submit  information  or  documents
relevant to the Claim reasonably requested by the Determining Body prior to
the Determination Date.

          (f)  In  the case  of  any  Claim  not  involving  any  proposed,
threatened or pending criminal proceeding,

               (i)  if  Indemnitee  has, in the judgment of the Determining
Body, met the Standard of Conduct, the Corporation may, except as otherwise
provided below, individually or jointly  with  any other indemnifying party
similarly  notified,  assume  the defense thereof with  counsel  reasonably
satisfactory to Indemnitee.  If  the Corporation assumes the defense of the
Claim, it shall keep Indemnitee informed as to the progress of such defense
so  that  Indemnitee may make an informed  decision  as  to  the  need  for
separate counsel.   After  notice  from the Corporation that it is assuming
the defense of the Claim, it will not  be  liable  to Indemnitee under this
Agreement  for  any  legal  or  other  expenses  subsequently  incurred  by
Indemnitee in connection with the defense other than  reasonable  costs  of
investigation  or  as  otherwise provided below.  Indemnitee shall have the
right to employ its own  counsel in such action, suit or proceeding but the
fees and expenses of such  counsel  incurred  after  such  notice  from the
Corporation  of  its  assumption of the defense shall be at the expense  of
Indemnitee unless (A) the  employment  of  counsel  by  Indemnitee has been
authorized  by  the Determining Body, (B) Indemnitee shall  have  concluded
reasonably that there may be a conflict of interest between the Corporation
and Indemnitee in  the  conduct  of  the  defense of such action or (C) the
Corporation shall not in fact have employed  counsel  to assume the defense
of  such  action, in each of which cases the fees and expenses  of  counsel
shall be at  the  expense of the Corporation.  The Corporation shall not be
entitled to assume the defense of any action, suit or proceeding brought by
or in the right of  the  Corporation  or  as to which Indemnitee shall have
made the conclusion provided for in (B) above; and

               (ii) the Corporation shall fairly  consider any proposals by
Indemnitee  for  settlement  of the Claim.  If the Corporation  proposes  a
settlement of the Claim and such  settlement  is  acceptable  to the person
asserting  the Claim, or the Corporation believes a settlement proposed  by
the  person asserting  the  Claim  should  be  accepted,  it  shall  inform
Indemnitee  of  the  terms  of  such  proposed  settlement  and shall fix a
reasonable date by which Indemnitee shall respond.  If Indemnitee agrees to
such terms, he shall execute such documents as shall be necessary  to  make
final  the  settlement.   If  Indemnitee  does  not  agree with such terms,
Indemnitee  may  proceed  with the defense of the Claim in  any  manner  he
chooses, provided that if Indemnitee  is  not  successful  on the merits or
otherwise, the Corporation's obligation to indemnify such Indemnitee  as to
any Expenses incurred following his disagreement with the Corporation shall
be  limited  to the lesser of (A) the total Expenses incurred by Indemnitee
following his  decision not to agree to such proposed settlement or (B) the
amount that the  Corporation  would  have paid pursuant to the terms of the
proposed settlement.  If, however, the  proposed  settlement  would  impose
upon  Indemnitee  any  requirement to act or refrain from acting that would
materially interfere with  the  conduct of Indemnitee's affairs, Indemnitee
may refuse such settlement and continue  his defense of the Claim, if he so
desires,  at the Corporation's expense in accordance  with  the  terms  and
conditions  of  this Agreement without regard to the limitations imposed by
the immediately preceding  sentence.   In  any event, the Corporation shall
not  be  obligated  to  indemnify  Indemnitee for  any  amount  paid  in  a
settlement that the Corporation has not approved.

          (g)  In the case of any Claim involving a proposed, threatened or
pending criminal proceeding, Indemnitee  shall  be  entitled to conduct the
defense of the Claim with counsel of his choice and to  make  all decisions
with respect thereto, provided, however, that the Corporation shall  not be
obliged to indemnify Indemnitee for any amount paid in settlement of such a
Claim unless the Corporation has approved such settlement.

          (h)  After notifying the Corporation of the existence of a Claim,
Indemnitee  may  from  time  to  time  request  the  Corporation to pay the
Expenses  (other  than  judgments,  fines,  penalties  or amounts  paid  in
settlement) that he incurs in pursuing a defense of the  Claim prior to the
time that the Determining Body determines whether the Standard  of  Conduct
has  been  met.   The Disbursing Officer shall pay to Indemnitee the amount
requested (regardless  of  Indemnitee's  apparent  ability  to  repay  such
amount)  upon  receipt  of  an undertaking by or on behalf of Indemnitee to
repay such amount if it shall  ultimately  be  determined  that  he  is not
entitled  to  be  indemnified  by  the Corporation under the circumstances,
provided, however, that if the Disbursing  Officer  does  not  believe such
amount  to be reasonable, he shall advance the amount deemed by him  to  be
reasonable  and  Indemnitee  may apply directly to the Determining Body for
the remainder of the amount requested.

          (i)  After the Determining  Body has determined that the Standard
of  Conduct  has  been met, for so long as  and  to  the  extent  that  the
Corporation is required  to  indemnify Indemnitee under this Agreement, the
provisions of Section 5(h) hereof  shall  continue to apply with respect to
Expenses incurred after such time except that  (i)  no undertaking shall be
required  of  Indemnitee  and  (ii)  the Disbursing Officer  shall  pay  to
Indemnitee  the amount of any fines, penalties  or  judgments  against  him
which have become  final  and  for  which he is entitled to indemnification
hereunder, and any amount of indemnification ordered to be paid to him by a
court.

          (j)  Any  determination  by  the   Corporation  with  respect  to
settlement of a Claim shall be made by the Determining Body.

          (k)  All determinations and judgments  made  by  the  Determining
Body hereunder shall be made in good faith.

     6.   ENFORCEMENT.

          (a)  The  rights  provided by this Agreement shall be enforceable
by Indemnitee in any court of competent jurisdiction.

          (b)  If Indemnitee  seeks  a  judicial adjudication of his rights
under,  or  to recover damages for breach of,  this  Agreement,  Indemnitee
shall be entitled to recover from the Corporation, and shall be indemnified
by the Corporation  against,  any  and all expenses actually and reasonably
incurred by him in connection with such proceeding, but only if he prevails
therein.  If it shall be determined  that Indemnitee is entitled to receive
part but not all of the relief sought, then Indemnitee shall be entitled to
be reimbursed for all expenses incurred  by  him  in  connection  with such
judicial  adjudication  if  the  amount  to  which  he  is determined to be
entitled exceeds 50% of the amount of his claim.  Otherwise,  the  expenses
incurred by Indemnitee in connection with such judicial adjudication  shall
be appropriately prorated.

          (c)  In any judicial proceeding described in this Section 6,  the
Corporation  shall  bear  the  burden  of  proving  that  Indemnitee is not
entitled to the relief sought.

     7.   SAVING CLAUSE.  If any provision of this Agreement  is determined
by a court having jurisdiction over the matter to violate or conflict  with
applicable  law,  the  court  shall  be  empowered to modify or reform such
provision so that, as modified or reformed,  such  provision  provides  the
maximum indemnification permitted by law and such provision, as so modified
or  reformed,  and  the  balance  of  this  Agreement,  shall be applied in
accordance  with  their  terms.   Without  limiting the generality  of  the
foregoing, if any portion of this Agreement  shall  be  invalidated  on any
ground, the Corporation shall nevertheless indemnify Indemnitee to the full
extent permitted by any applicable portion of this Agreement that shall not
have  been invalidated and to the full extent permitted by law with respect
to that portion that has been invalidated.

     8.   NON-EXCLUSIVITY.  (a)  The  indemnification  and  advancement  of
Expenses  provided  by  or  granted pursuant to this Agreement shall not be
deemed exclusive of any other  rights  to which Indemnitee is or may become
entitled   under   any   statute,   articles  of   incorporation,   by-law,
authorization of stockholders or directors, agreement, or otherwise.

          (b)  It is the intent of the  Corporation  by  this  Agreement to
indemnify  and hold harmless Indemnitee to the fullest extent permitted  by
law, so that  if  applicable  law  would  permit the Corporation to provide
broader   indemnification   rights  than  are  currently   permitted,   the
Corporation shall indemnify and  hold  harmless  Indemnitee  to the fullest
extent permitted by applicable law notwithstanding that the other  terms of
this Agreement would provide for lesser indemnification.

     9.   CONFIDENTIALITY.   The  Corporation  and  Indemnitee  shall  keep
confidential to the extent permitted by law and their fiduciary obligations
all information and determinations  provided  pursuant to or arising out of
the operations of this Agreement and the Corporation  and  Indemnitee shall
instruct its or his agents and employees to do likewise.

     10.  COUNTERPARTS.   This Agreement may be executed in any  number  of
counterparts, each of which  shall  constitute an original but all of which
taken together shall be deemed to constitute a single instrument.

     11.  APPLICABLE  LAW.   This  Agreement   shall  be  governed  by  and
construed  in  accordance  with  the  substantive  laws  of  the  State  of
Louisiana.

     12.  SUCCESSORS  AND ASSIGNS.  This Agreement shall  be  binding  upon
Indemnitee and upon the  Corporation, its successors and assigns, and shall
inure to the benefit of Indemnitee's  heirs,  personal representatives, and
assigns and to the benefit of the Corporation, its successors and assigns.

     13.  AMENDMENT.    No   amendment,   modification,    termination   or
cancellation  of this Agreement shall be effective unless made  in  writing
signed by the Corporation  and  Indemnitee.  Notwithstanding any amendment,
modification, termination or cancellation  of this Agreement or any portion
hereof, Indemnitee shall be entitled to indemnification  in accordance with
the provisions hereof with respect to any acts or omissions  of  Indemnitee
which   occur   prior  to  such  amendment,  modification,  termination  or
cancellation.

     14.  GENDER.   All  pronouns  and  variations  thereof  used  in  this
Agreement  shall  be  deemed  to refer to the masculine, feminine or neuter
gender, singular or plural, as  the identity of the person, persons, entity
or entities referred to may require.

     IN WITNESS WHEREOF, the parties  hereto  have caused this Agreement to
be duly executed and signed as of the date and year first above written.

                                    STEWART ENTERPRISES, INC.

                                    By:  /S/ JAMES W. MCFARLAND
                                       -------------------------------
                                             James W. McFarland
                                       Compensation Committee Chairman

                                    INDEMNITEE:

                                         /S/ KENNETH STEPHENS, JR.
                                       -------------------------------
                                         G. Kenneth Stephens, Jr.EMPLOYMENT AGREEMENT

     This  Employment  Agreement ("Agreement") between Stewart Enterprises,
Inc., a Louisiana corporation (the "Company"), and Everett N. Kendrick (the
"Employee") is dated as of January 31, 2000 (the "Agreement Date").

                           W I T N E S S E T H:

     WHEREAS, Employee currently is employed by the Company;

     WHEREAS, the Company  desires  to  retain  the  services  of  Employee
pursuant  to  the terms of this Agreement, subject to Employee's acceptance
of the conditions stated herein;

     WHEREAS, during  the  course  of  his  employment  with  the  Company,
Employee has or will have received extensive and unique knowledge, training
and  education  in,  and  access  to  resources  involving,  the Death Care
Business  (as  defined  below) at a substantial cost to the Company,  which
Employee acknowledges has enhanced or substantially will enhance Employee's
skills and knowledge in such business;

     WHEREAS,  during the  course  of  his  employment  with  the  Company,
Employee has had  and will continue to have access to certain valuable oral
and written information,  knowledge  and  data relating to the business and
operations  of  the  Company  and  its  subsidiaries  that  is  non-public,
confidential or proprietary in nature and  is  particularly  useful  in the
Death Care Business; and

     WHEREAS,  in view of the training provided by the Company to Employee,
its cost to the  Company,  the need for the Company to be protected against
disclosures  by  Employee of the  Company's  and  its  subsidiaries'  trade
secrets and other  non-public, confidential or proprietary information, the
Company and Employee  desire, among other things, to prohibit Employee from
disclosing or utilizing,  outside the scope and term of his employment, any
non-public, confidential or  proprietary  information,  knowledge  and data
relating  to the business and operations of the Company or its subsidiaries
received by  Employee  during the course of his employment, and to restrict
the ability of Employee to compete with the Company or its subsidiaries for
a limited period of time.

     NOW, THEREFORE, for  and  in consideration of the continued employment
of Employee by the Company and the  payment  of  wages,  salary  and  other
compensation  to  Employee  by  the  Company,  the  parties hereto agree as
follows:

                                 ARTICLE I
                       EMPLOYMENT CAPACITY AND TERM

     1.   CAPACITY AND DUTIES OF EMPLOYEE.  The Employee is employed by the
Company  to  render  services  on  behalf  of  the Company as  Senior  Vice
President and President - Sales and Marketing Division.  As the Senior Vice
President and President - Sales and Marketing Division,  the Employee shall
perform such duties as are assigned to the individual holding such title by
the Company's Bylaws and such other duties, consistent with  the Employee's
job title, as may be prescribed from time to time by the Board of Directors
of the Company (the "Board") and/or the Company's Chief Executive Officer.

     2.   EMPLOYMENT  TERM.   The  term  of this Agreement (the "Employment
Term")  shall commence on the Agreement Date  and  shall  continue  through
October 31,  2000,  subject to any earlier termination of Employee's status
as an employee pursuant to this Agreement.

     3.   DEVOTION TO RESPONSIBILITIES.

          During the  Employment Term, the Employee shall devote all of his
business time to the business of the Company, shall use his reasonable best
efforts  to  perform faithfully  and  efficiently  his  duties  under  this
Agreement, and  shall  not  engage in or be employed by any other business;
provided,  however,  that  nothing  contained  herein  shall  prohibit  the
Employee from (a) serving as  a  member of the board of directors, board of
trustees or the like of any for-profit  or  non-profit entity that does not
compete with the Company, or performing services  of any type for any civic
or  community  entity,  whether  or not the Employee receives  compensation
therefor, (b) investing his assets  in such form or manner as shall require
no more than nominal services on the  part of the Employee in the operation
of the business of the entity in which  such  investment  is  made,  or (c)
serving in various capacities with, and attending meetings of, industry  or
trade  groups  and  associations, as long as the Employee's engaging in any
activities permitted  by  virtue of clauses (a), (b) and (c) above does not
materially and unreasonably  interfere  with the ability of the Employee to
perform  the services and discharge the responsibilities  required  of  him
under  this  Agreement.   Notwithstanding  clause  (b)  above,  during  the
Employment  Term, the Employee may not beneficially own more than 2% of the
equity interests  of  a  business  organization  required  to file periodic
reports  with  the Securities and Exchange Commission under the  Securities
Exchange Act of 1934 (the "Exchange Act") and may not beneficially own more
than 2% of the equity  interests  of  a business organization that competes
with the Company.  For purposes of this paragraph, "beneficially own" shall
have  the  same meaning ascribed to that  term  in  Rule  13d-3  under  the
Exchange Act.

                                ARTICLE II
                         COMPENSATION AND BENEFITS

     During  the  Employment  Term,  the Company shall provide the Employee
with the compensation and benefits described below:

     1.   SALARY.  Effective January 31,  2000, a salary ("Base Salary") at
the  rate  of  $300,000  per fiscal year of the  Company  ("Fiscal  Year"),
payable to the Employee at  such  intervals  as other salaried employees of
the Company are paid.

     2.   BONUS.   (a)  For the fiscal year beginning November 1, 1999, the
Employee  shall  be  eligible  to receive an annual  incentive  bonus  (the
"Bonus") of up to $200,000 per Fiscal  Year.   The  Bonus  will  be awarded
based  upon  factors to be established annually and set forth in an  annual
supplement to this Agreement.

          (b)  The  Bonus  shall  be  paid  in  cash not later than 30 days
following  the  filing of the  Company's annual report on Form 10-K for the
Fiscal Year in which the Bonus has been earned.

     3.   BENEFITS.   The  Company  shall  provide  the  Employee  with the
following fringe benefits and perquisites:

          (a)  An automobile allowance of $720 per month.  The Company will
reimburse the Employee for all gasoline, maintenance, repairs and insurance
for Employee's personal car, as if it were a Company-owned vehicle;

          (b)  Reimbursement for membership dues, including assessments and
similar  charges,  in one or more clubs deemed useful for business purposes
in an amount not to  exceed  $8,000  or  such  additional amounts as may be
approved by the President;

          (c)  First class air travel;

          (d)  Fully-paid  insurance  benefit  package   available  to  all
employees; and

          (e)  All other benefit programs similar to those  provided  other
employees of the Company.

     4.   1995 INCENTIVE COMPENSATION PLAN.  The Employee shall be eligible
to receive awards under the Company's 1995 Incentive Compensation Plan (the
"1995 Plan").

     5.   EXPENSES.   The  Employee shall be reimbursed for reasonable out-
of-pocket expenses incurred  from  time to time on behalf of the Company or
any subsidiary in the performance of  his duties under this Agreement, upon
the presentation of such supporting invoices,  documents  and  forms as the
Company reasonably requests.

                                ARTICLE III
                         TERMINATION OF EMPLOYMENT

     1.   DEATH.   The  Employee's  status  as  an employee shall terminate
immediately  and  automatically  upon  the  Employee's   death  during  the
Employment Term.

     2.   DISABILITY.   The  Employee's  status  as  an  employee   may  be
terminated for "Disability" as follows:

          (a)  The Employee's status as an employee shall terminate if  the
Employee  has a disability that would entitle him to receive benefits under
the Company's  long-term  disability insurance policy in effect at the time
either because he is Totally  Disabled or Partially Disabled, as such terms
are defined in the Company's policy  in  effect as of the Agreement Date or
as similar terms are defined in any successor policy.  Any such termination
shall become effective on the first day on  which  the Employee is eligible
to receive payments under such policy (or on the first day that he would be
so eligible, if he had applied timely for such payments).

          (b)  If the Company has no long-term disability  plan  in effect,
if  (i)  the  Employee  is rendered incapable because of physical or mental
illness of satisfactorily discharging his duties and responsibilities under
this  Agreement for a period  of  90  consecutive  days  and  (ii)  a  duly
qualified physician chosen by the Company and acceptable to the Employee or
his legal representatives so certifies in writing, the Board shall have the
power to  determine  that  the  Employee has become disabled.  If the Board
makes such a determination, the Company shall have the continuing right and
option, during the period that such  disability  continues,  and  by notice
given in the manner provided in this Agreement, to terminate the status  of
Employee  as  an  employee.  Any such termination shall become effective 30
days after such notice  of  termination is given, unless within such 30-day
period, the Employee becomes capable of rendering services of the character
contemplated hereby (and a physician  chosen  by the Company and acceptable
to the Employee or his legal representatives so  certifies  in writing) and
the Employee in fact resumes such services.

          (c)  The "Disability Effective Date" shall mean the date on which
termination of employment becomes effective due to Disability.

     3.   CAUSE.   The  Company may terminate the Employee's status  as  an
employee for Cause.  As used  herein,  termination  by  the  Company of the
Employee's  status as an employee for "Cause" shall mean termination  as  a
result of (a)  the  Employee's breach of this Agreement, or (b) the willful
engaging by the Employee  in  gross  misconduct  injurious  to the Company,
which  in  either  case  is  not remedied within 10 days after the  Company
provides  written  notice  to  the  Employee  of  such  breach  or  willful
misconduct.

     4.   GOOD  REASON.   The Employee  may  terminate  his  status  as  an
employee for Good Reason. As  used  herein,  the  term  "Good Reason" shall
mean:

          (a)  The occurrence of any of the following during the Employment
Term:

               (i)  the  assignment  by  the Board to the Employee  of  any
duties  or  responsibilities  that  are inconsistent  with  the  Employee's
status, title and position as Senior Vice President;

               (ii) any removal of the  Employee  from,  or  any failure to
reappoint or reelect the Employee to, the position of Senior Vice President
of  the  Company,  except  in  connection  with a termination of Employee's
status as an employee as permitted by this Agreement;

               (iii)  the Company's requiring  the  Employee  to  be  based
anywhere other than in  the  New  Orleans,  Louisiana  or  Washington, D.C.
metropolitan  areas, except for required travel in the ordinary  course  of
the Company's business;

          (b)  any  breach  of this Agreement by the Company that continues
for a period of 10 days after  written  notice  thereof  is  given  by  the
Employee to the Company;

          (c)  the  failure  by the Company to obtain the assumption of its
obligations under this Agreement by any successor or assign as contemplated
in this Agreement; or

          (d)  any purported termination  by  the Company of the Employee's
status as an employee for Cause that is not effected  pursuant  to a Notice
of Termination satisfying the requirements of this Agreement.

     5.   VOLUNTARY TERMINATION BY THE COMPANY.  The Company may  terminate
the  Employee's  status  as  employee  for other than death, Disability  or
Cause.

     6.   VOLUNTARY  TERMINATION  BY  THE  EMPLOYEE.    The   Employee  may
terminate the Employee's status as employee for other than Good Reason.

     7.   NOTICE  OF  TERMINATION.   Any  termination  by  the Company  for
Disability  or  Cause,  or  by  the  Employee  for  Good  Reason, shall  be
communicated  by Notice of Termination to the other party hereto  given  in
accordance with  Article  VI  Section 2 of this Agreement.  For purposes of
this Agreement, a "Notice of Termination"  means  a written notice that (a)
indicates the specific termination provision in this  Agreement relied upon
(b) to the extent applicable, sets forth in reasonable detail the facts and
circumstances claimed to provide a basis for termination  of the Employee's
employment  under  the  provisions  so  indicated  and (c) if the  Date  of
Termination (as defined below) is other than the date  of  receipt  of such
notice,  specifies the termination date (which date shall be not more  than
30 days after  the  giving of such notice).  The failure by the Employee or
the  Company  to set forth  in  the  Notice  of  Termination  any  fact  or
circumstance that  contributes  to  a showing of Good Reason, Disability or
Cause shall not negate the effect of  the notice nor waive any right of the
Employee or the Company, respectively,  hereunder  or preclude the Employee
or the Company, respectively, from asserting such fact  or  circumstance in
enforcing the Employee's or the Company's rights hereunder.

     8.   DATE  OF  TERMINATION.   "Date  of  Termination"  means  (a)   if
Employee's  employment  is terminated by reason of his death or Disability,
the Date of Termination shall  be  the  date  of  death  of Employee or the
Disability Effective Date, as the case may be, (b) if Employee's employment
is terminated by the Company for Cause, or by Employee for Good Reason, the
date of delivery of the Notice of Termination or any later  date  specified
therein,  (which  date  shall not be more than 30 days after the giving  of
such notice) as the case  may  be,  (c)  if  the  Employee's  employment is
terminated  by  the  Company  for  reasons other than death, Disability  or
Cause, the Date of Termination shall  be  the  date  on  which  the Company
notifies  the  Employee  of  such  termination,  and  (d) if the Employee's
employment  is  terminated  by  the  Employee for reasons other  than  Good
Reason, the Date of Termination shall  be  the  date  on which the Employee
notifies the Company of such termination.

                                ARTICLE IV
                       OBLIGATIONS UPON TERMINATION

     1.   DEATH.  If the Employee's status as an employee  is terminated by
reason  of  the  Employee's  death, this Agreement shall terminate  without
further  obligations to the Employee's  legal  representatives  under  this
Agreement,  other  than the obligation to make any payments due pursuant to
employee benefit plans maintained by the Company or its subsidiaries.

     2.   DISABILITY.  If Employee's status as an employee is terminated by
reason of Employee's  Disability,  this  Agreement  shall terminate without
further obligation to the Employee, other than the obligation  to  make any
payments  due  pursuant to employee benefit plans maintained by the Company
or its subsidiaries.

     3.   TERMINATION  BY  COMPANY FOR REASONS OTHER THAN DEATH, DISABILITY
OR  CAUSE;  TERMINATION  BY EMPLOYEE  FOR  GOOD  REASON.   If  the  Company
terminates the Employee's  status  as  an  employee  for reasons other than
death, Disability or Cause, or the Employee terminates  his  employment for
Good Reason, then

          (a)  the Company shall pay to the Employee an amount equal to two
times  the  amount  of  Base  Salary  in effect at the Date of Termination,
payable in equal installments over a two-year  period  at such intervals as
other salaried employees of the Company are paid; and

          (b)  with respect to all performance-based options granted to the
Employee pursuant to the 1995 Plan,

               (i) if the performance goals have been met as of the Date of
          Termination, then such options shall become exercisable as of the
          Date of Termination (if not already exercisable) and shall expire
          on the date that is the later of:

                    (A) 30 days after the Date of Termination or

                    (B) 30 days after the first date on  which the exercise
               of  the  options and sale of the underlying securities  will
               not (1) be  matched with purchases or sales of the Company's
               common stock  prior  to  such Date of Termination such as to
               cause the Employee to incur a liability to the Company under
               Section 16 of the Exchange  Act  and (2) destroy the Section
               16 exemption for the grant of the options.

               (ii) if the performance goals have  not  been  met as of the
          Date of Termination, then

                    (A) if the performance goals are not met by  the  close
               of  business  on  the day that is 180 days after the Date of
               Termination, then the options shall expire on such day; and

                    (B) if the performance  goals  are  met by the close of
               business  on  the  day that is 180 days after  the  Date  of
               Termination, then the options shall become exercisable as of
               the date such performance goals are met (the "Vesting Date")
               and shall expire on the date that is the later of:

                         (1) 30 days after the Vesting Date or

                         (2) 30 days  after  the  first  date  on which the
                    exercise  of  the  options  and  sale of the underlying
                    securities will not (I) be matched  with  purchases  or
                    sales  of the Company's common stock prior to such Date
                    of Termination such as to cause the Employee to incur a
                    liability  to  the  Company  under  Section  16  of the
                    Exchange  Act and (II) destroy the Section 16 exemption
                    for the grant of the options.

     4.   CAUSE.  If the Employee's  status as an employee is terminated by
the  Company  for Cause, this Agreement  shall  terminate  without  further
obligation to the  Employee  other  than for obligations imposed by law and
obligations imposed pursuant to any employee benefit plan maintained by the
Company or its subsidiaries.

     5.   TERMINATION BY EMPLOYEE FOR  REASONS  OTHER THAN GOOD REASON.  If
the  Employee's status as an employee is terminated  by  the  Employee  for
reasons  other than Good Reason, then the Company shall pay to the Employee
an amount  equal  to  a  single year's Base Salary in effect at the Date of
Termination, payable in equal  installments  over a two-year period at such
intervals as other salaried employees of the Company are paid.

     6.   RESIGNATION.  If Employee is a director  of  the  Company and his
employment  is  terminated  for  any reason other than death, the  Employee
shall, if requested by the Company, immediately resign as a director of the
Company.   If  such resignation is not  received  when  so  requested,  the
Employee shall forfeit  any  right to receive any payments pursuant to this
Agreement.

                                 ARTICLE V
           NONDISCLOSURE, NONCOMPETITION AND PROPRIETARY RIGHTS

     1.   CERTAIN  DEFINITIONS.    For  purposes  of  this  Agreement,  the
following terms shall have the following meanings:

          (a)  "Confidential Information"  means any information, knowledge
or  data  of  any  nature and in any form (including  information  that  is
electronically transmitted  or stored on any form of magnetic or electronic
storage media) relating to the  past,  current  or  prospective business or
operations of the Company and its subsidiaries, that  at  the time or times
concerned  is not generally known to persons engaged in businesses  similar
to those conducted  or  contemplated  by  the  Company and its subsidiaries
(other than information known by such persons through  a  violation  of  an
obligation  of  confidentiality  to  the  Company), whether produced by the
Company  and  its  subsidiaries  or  any of their  consultants,  agents  or
independent  contractors  or  by  Employee,   and  whether  or  not  marked
confidential,  including  without limitation information  relating  to  the
Company's  or its subsidiaries'  products  and  services,  business  plans,
business  acquisitions,   processes,   product   or  service  research  and
development methods or techniques, training methods  and  other operational
methods or techniques, quality assurance procedures or standards, operating
procedures,  files,  plans,  specifications,  proposals, drawings,  charts,
graphs, support data, trade secrets, supplier lists,  supplier information,
purchasing  methods  or  practices,  distribution  and selling  activities,
consultants' reports, marketing and engineering or other technical studies,
maintenance   records,  employment  or  personnel  data,  marketing   data,
strategies or techniques,  financial  reports,  budgets,  projections, cost
analyses,  price  lists,  formulae  and analyses, employee lists,  customer
records,  customer  lists,  customer  source  lists,  proprietary  computer
software,  and  internal  notes  and  memoranda  relating  to  any  of  the
foregoing.

          (b)  "Death Care Business" means  (i) the owning and operating of
funeral homes and cemeteries, including combined  funeral home and cemetery
facilities, (ii) the offering of a complete range of  services and products
to   meet   families'  funeral  needs,  including  prearrangement,   family
consultation, the sale of caskets and related funeral and cemetery products
and merchandise,  the  removal,  preparation and transportation of remains,
cremation, the use of funeral home  facilities  for visitation and worship,
and  related  transportation  services,  (iii) the marketing  and  sale  of
funeral services and cemetery property on  an at-need or prearranged basis,
(iv)   providing,   managing   and  administering  financing   arrangements
(including trust funds, escrow accounts,  insurance  and  installment sales
contracts)  for  prearranged  funeral  plans  and  cemetery  property   and
merchandise,  (v)  providing interment services, the sale (on an at-need or
prearranged basis) of cemetery property including lots, lawn crypts, family
and   community   mausoleums  and  related  cemetery  merchandise  such  as
monuments, memorials and  burial  vaults,  (vi) the maintenance of cemetery
grounds pursuant to perpetual care contracts and  laws  or  on  a voluntary
basis,   and  (vii)  offering  mausoleum  design,  construction  and  sales
services.

     2.   NONDISCLOSURE OF CONFIDENTIAL INFORMATION.  During the Employment
Term, Employee shall hold in a fiduciary capacity  for  the  benefit of the
Company  all  Confidential  Information  which shall have been obtained  by
Employee  during  Employee's employment (whether  prior  to  or  after  the
Agreement Date) and  shall  use such Confidential Information solely within
the scope of his employment with  and  for  the  exclusive  benefit  of the
Company.   For a period of five years after the Employment Term, commencing
with the Date  of  Termination,  Employee  agrees  (a)  not to communicate,
divulge or make available to any person or entity (other  than the Company)
any   such   Confidential   Information,  except  upon  the  prior  written
authorization of the Company or as may be required by law or legal process,
and (b) to deliver promptly to  the Company any Confidential Information in
his possession, including any duplicates  thereof  and  any  notes or other
records Employee has prepared with respect thereto.  In the event  that the
provisions  of  any  applicable law or the order of any court would require
Employee  to  disclose  or   otherwise   make  available  any  Confidential
Information, Employee shall give the Company prompt prior written notice of
such required disclosure and an opportunity  to  contest the requirement of
such  disclosure  or  apply  for a protective order with  respect  to  such
Confidential Information by appropriate proceedings.

     3.   LIMITED COVENANT NOT  TO COMPETE.  During the Employment Term and
for  a  period  of  two  years thereafter,  commencing  with  the  Date  of
Termination, Employee agrees that, with respect to each State of the United
States or other jurisdiction,  or  specified portions thereof, in which the
Employee regularly (a) makes contact  with  customers of the Company or any
of its subsidiaries, (b) conducts the business of the Company or any of its
subsidiaries or (c) supervises the activities  of  other  employees  of the
Company  or any of its subsidiaries, as identified in Appendix "A" attached
hereto and  forming  a  part of this Agreement, and in which the Company or
any of its subsidiaries engages  in  the Death Care Business on the Date of
Termination (collectively, the "Subject Areas"), Employee will restrict his
activities within the Subject Areas as follows:

          (a)  Employee will not, directly  or  indirectly,  for himself or
others,  own,  manage,  operate,  control,  be  employed  in  an executive,
managerial  or  supervisory capacity by, or otherwise engage or participate
in or allow his skill,  knowledge,  experience  or reputation to be used in
connection with, the ownership, management, operation  or  control  of, any
company  or  other  business  enterprise engaged in the Death Care Business
within any of the Subject Areas;  provided, however, that nothing contained
herein shall prohibit Employee from  making  passive investments as long as
Employee does not beneficially own more than 2%  of the equity interests of
a business enterprise engaged in the Death Care Business  within any of the
Subject  Areas.  For purposes of this paragraph, "beneficially  own"  shall
have the same  meaning  ascribed  to  that  term  in  Rule  13d-3 under the
Exchange Act.

          (b)  Employee will not call upon any customer of the  Company  or
its  subsidiaries for the purpose of soliciting, diverting or enticing away
the business  of  such  person  or  entity,  or  otherwise  disrupting  any
previously  established relationship existing between such person or entity
and the Company or its subsidiaries;

          (c)  Employee  will  not solicit, induce, influence or attempt to
influence any supplier, lessor,  licensor,  potential acquiree or any other
person  who  has  a  business  relationship  with  the   Company   or   its
subsidiaries,  or  who on the Date of Termination is engaged in discussions
or negotiations to enter  into  a business relationship with the Company or
its subsidiaries, to discontinue  or reduce the extent of such relationship
with the Company or its subsidiaries; and

          (d)  Employee will not make  contact with any of the employees of
the Company or its subsidiaries with whom  he had contact during the course
of  his  employment  with the Company for the purpose  of  soliciting  such
employee for hire, whether  as  an  employee  or independent contractor, or
otherwise disrupting such employee's relationship  with  the Company or its
subsidiaries.

          (e)  Employee further agrees that, for a period  of one year from
and  after  the Date of Termination, Employee will not hire, on  behalf  of
himself or any  company  engaged  in  the  Death  Care  Business with which
Employee is associated, any employee of the Company or its  subsidiaries as
an  employee  or independent contractor, whether or not such engagement  is
solicited by Employee; provided, however, that the restriction contained in
this subsection  (e) shall not apply to Company employees who reside in, or
are hired by Employee  to perform work in, any of the Subject Areas located
within the States of Virginia, Arkansas or Georgia.

     Employee agrees that  he  will  from  time  to time upon the Company's
request promptly execute any supplement, amendment,  restatement  or  other
modification  of  Appendix  "A"  as  may  be  necessary  or  appropriate to
correctly   reflect   the   jurisdictions   which,  at  the  time  of  such
modification, should be covered by Appendix "A"  and this Article V Section
3.  Furthermore, Employee agrees that all references  to  Appendix  "A"  in
this Agreement shall be deemed to refer to Appendix "A" as so supplemented,
amended, restated or otherwise modified from time to time.

     4.   INJUNCTIVE  RELIEF; OTHER REMEDIES.  Employee acknowledges that a
breach by Employee of Section  2  or  3  of  this  Article  V  would  cause
immediate  and  irreparable  harm  to  the  Company  for  which an adequate
monetary remedy does not exist; hence, Employee agrees that,  in  the event
of a breach or threatened breach by Employee of the provisions of Section 2
or  3  of  this  Article V during or after the Employment Term, the Company
shall be entitled  to  injunctive  relief  restraining  Employee  from such
violation without the necessity of proof of actual damage or the posting of
any  bond,  except  as  required  by non-waivable, applicable law.  Nothing
herein,  however,  shall  be construed  as  prohibiting  the  Company  from
pursuing any other remedy at  law  or in equity to which the Company may be
entitled under applicable law in the event of a breach or threatened breach
of this Agreement by Employee, including without limitation the recovery of
damages  and/or costs and expenses, such  as  reasonable  attorneys'  fees,
incurred by the Company as a result of any such breach.  In addition to the
exercise of  the  foregoing remedies, the Company shall have the right upon
the occurrence of any  such  breach  to  cancel  any  unpaid salary, bonus,
commissions  or  reimbursements  otherwise  outstanding  at   the  Date  of
Termination.   In  particular,  Employee  acknowledges  that  the  payments
provided  under  Article  IV Sections 3 and 5 are conditioned upon Employee
fulfilling any noncompetition  and  nondisclosure  agreements  contained in
this Article V.  In the event Employee shall at any time materially  breach
any noncompetition or nondisclosure agreements contained in this Article V,
the  Company may suspend or eliminate payments under Article IV during  the
period  of  such breach.  Employee acknowledges that any such suspension or
elimination of  payments  would  be  an  exercise of the Company's right to
suspend or terminate its performance hereunder  upon  Employee's  breach of
this  Agreement;  such  suspension  or  elimination  of  payments would not
constitute,  and  should  not  be  characterized  as,  the  imposition   of
liquidated damages.

     5.   REQUESTS  FOR  WAIVER  IN  CASES OF UNDUE HARDSHIP.  In the event
that Employee should find any of the limitations  of  Article  V  Section 3
(including without limitation the geographic restrictions of Appendix  "A")
to  impose  a  severe  hardship  on  Employee's  ability  to  secure  other
employment, Employee may make a request to the Company for a waiver of  the
designated  limitations before accepting employment that otherwise would be
a breach of Employee's promises and obligations under this Agreement.  Such
request must  be  in  writing and clearly set forth the name and address of
the organization with that  employment is sought and the location, position
and duties that Employee will be performing.  The Company will consider the
request and, in its sole discretion,  decide whether and on what conditions
to grant such waiver.

     6.   GOVERNING LAW OF THIS ARTICLE  V;  CONSENT  TO JURISDICTION.  Any
dispute  regarding the reasonableness of the covenants and  agreements  set
forth in this  Article  V, or the territorial scope or duration thereof, or
the remedies available to the Company upon any breach of such covenants and
agreements, shall be governed  by  and  interpreted  in accordance with the
laws of the State of the United States or other jurisdiction  in  which the
alleged  prohibited  competing  activity  or  disclosure  occurs, and, with
respect  to  each  such  dispute,  the  Company  and  Employee each  hereby
irrevocably consent to the exclusive jurisdiction of the  state and federal
courts  sitting in the relevant State (or, in the case of any  jurisdiction
outside the  United  States,  the relevant courts of such jurisdiction) for
resolution of such dispute, and  agree  to  be  irrevocably  bound  by  any
judgment  rendered  thereby  in  connection  with such dispute, and further
agree that service of process may be made upon  him  or  it  in  any  legal
proceeding  relating  to  this  Article  V and/or Appendix "A" by any means
allowed under the laws of such jurisdiction.  Each party irrevocably waives
any objection he or it may have as to the venue of any such suit, action or
proceeding brought in such a court or that  such a court is an inconvenient
forum.

     7.   EMPLOYEE'S  UNDERSTANDING  OF  THIS  ARTICLE.    Employee  hereby
represents to the Company that he has read and understands,  and  agrees to
be  bound  by,  the terms of this Article.  Employee acknowledges that  the
geographic scope  and  duration  of  the  covenants  contained in Article V
Section  3  are  the  result of arm's-length bargaining and  are  fair  and
reasonable in light of  (i)  the  importance  of the functions performed by
Employee and the length of time it would take the Company to find and train
a suitable replacement, (ii) the nature and wide  geographic  scope  of the
operations  of the Company and its subsidiaries, (iii) Employee's level  of
control over  and  contact  with the business and operations of the Company
and its subsidiaries in a significant  number  of  jurisdictions where same
are conducted and (iv) the fact that all facets of the  Death Care Business
are conducted by the Company and its subsidiaries throughout the geographic
area where competition is restricted by this Agreement.   It  is the desire
and intent of the parties that the provisions of this Agreement be enforced
to  the  fullest  extent  permitted  under  applicable law, whether now  or
hereafter in effect and, therefore, to the extent  permitted  by applicable
law,  the  parties hereto waive any provision of applicable law that  would
render any provision of this Article V invalid or unenforceable.

                                ARTICLE VI
                               MISCELLANEOUS

     1.   BINDING EFFECT.

          (a)  This  Agreement  shall  be  binding  upon  and  inure to the
benefit of the Company and any of its successors or assigns.

          (b)  This Agreement is personal to the Employee and shall  not be
assignable  by the Employee without the consent of the Company (there being
no obligation  to  give such consent) other than such rights or benefits as
are transferred by will or the laws of descent and distribution.

          (c)  The Company  shall  require  any successor to or assignee of
(whether  direct  or  indirect,  by  purchase,  merger,   consolidation  or
otherwise)  all  or  substantially all of the assets or businesses  of  the
Company (i) to assume unconditionally and expressly this Agreement and (ii)
to agree to perform all of the obligations under this Agreement in the same
manner and to the same  extent  as  would have been required of the Company
had no assignment or succession occurred,  such  assumption to be set forth
in a writing reasonably satisfactory to the Employee.   In the event of any
such assignment or succession, the term "Company" as used in this Agreement
shall refer also to such successor or assign.

     2.   NOTICES.  All notices hereunder must be in writing  and  shall be
deemed  to  have  given  upon receipt of delivery by:  (a) hand (against  a
receipt  therefor), (b) certified  or  registered  mail,  postage  prepaid,
return receipt  requested,  (c)  a  nationally recognized overnight courier
service (against a receipt therefor)  or  (d)  telecopy  transmission  with
confirmation of receipt.  All such notices must be addressed as follows:

     If to the Company, to:

     Stewart Enterprises, Inc.
     110 Veterans Memorial Boulevard
     Metairie, Louisiana  70005
     Attn:  Chief Executive Officer

     If to the Employee, to:

     Everett N. Kendrick
     7031 Winterberry Lane
     Bethesda, Maryland 20817

or  such  other  address as to which any party hereto may have notified the
other in writing.

     3.   GOVERNING LAW.  This Agreement shall be construed and enforced in
accordance with and governed by the internal laws of the State of Louisiana
without regard to  principles  of  conflict  of  laws,  except as expressly
provided  in  Article V Section 6 above with respect to the  resolution  of
disputes arising  under, or the Company's enforcement of, Article V of this
Agreement.

     4.   WITHHOLDING.   The Employee agrees that the Company has the right
to withhold, from the amounts  payable  pursuant  to  this  Agreement,  all
amounts  required  to be withheld under applicable income and/or employment
tax laws, or as otherwise  stated  in  documents  granting  rights that are
affected by this Agreement.

     5.   SEVERABILITY.   If  any  term  or  provision  of  this  Agreement
(including  without  limitation  those  contained in Appendix "A"), or  the
application thereof to any person or circumstance,  shall at any time or to
any extent be invalid, illegal or unenforceable in any  respect as written,
Employee and the Company intend for any court construing  this Agreement to
modify or limit such provision temporally, spatially or otherwise  so as to
render it valid and enforceable to the fullest extent allowed by law.   Any
such provision that is not susceptible of such reformation shall be ignored
so  as  to not affect any other term or provision hereof, and the remainder
of this Agreement,  or the application of such term or provision to persons
or circumstances other  than  those as to which it is held invalid, illegal
or unenforceable, shall not be affected thereby and each term and provision
of  this  Agreement shall be valid  and  enforced  to  the  fullest  extent
permitted by law.

     6.   WAIVER  OF BREACH.  The waiver by either party of a breach of any
provision of this Agreement  shall  not operate or be construed as a waiver
of any subsequent breach thereof.

     7.   REMEDIES NOT EXCLUSIVE.  No  remedy  specified  herein  shall  be
deemed to be such party's exclusive remedy, and accordingly, in addition to
all  of the rights and remedies provided for in this Agreement, the parties
shall  have  all  other  rights and remedies provided to them by applicable
law, rule or regulation.

     8.   COMPANY'S  RESERVATION  OF  RIGHTS.   Employee  acknowledges  and
understands that the Employee  serves at the pleasure of the Board and that
the Company has the right at any  time to terminate Employee's status as an
employee of the Company, or to change  or  diminish  his  status during the
Employment  Term,  subject  to  the  rights  of  the Employee to claim  the
benefits conferred by this Agreement.

     9.   JURY TRIAL WAIVER.  THE PARIES HEREBY WAIVE  TRIAL BY JURY IN ANY
JUDICIAL  PROCEEDING  TO  WHICH  THEY  ARE PARTIES INVOLVING,  DIRECTLY  OR
INDIRECTLY, ANY MATTER IN ANY WAY ARISING  OUT OF, RELATED TO, OR CONNECTED
WITH THIS AGREEMENT.

     10.  SURVIVAL.  The rights and obligations of the Company and Employee
contained in Article V of this Agreement shall  survive  the termination of
the  Agreement.  Following the Date of Termination, each party  shall  have
the right  to enforce all rights, and shall be bound by all obligations, of
such party that are continuing rights and obligations under this Agreement.

     11.  COUNTERPARTS.   This  Agreement  may  be  executed in one or more
counterparts, each of which shall be deemed to be an  original  but  all of
which together shall constitute one and the same instrument.

     IN  WITNESS  WHEREOF,  the  Company  and the Employee have caused this
Agreement to be executed as of the Agreement Date.

                              STEWART ENTERPRISES, INC.

                              By: /S/ JAMES W. MCFARLAND
                                 -----------------------------------
                                         James W. McFarland
                                   Compensation Committee Chairman

                              EMPLOYEE:

                                   /S/ EVERETT N. KENDRICK
                                 -----------------------------------
                                         Everett N. Kendrick

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