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                                                                    Exhibit 10.1

                       INVERNESS MEDICAL TECHNOLOGY, INC.
                                     FORM OF
                              AMENDED AND RESTATED
                        2000 STOCK OPTION AND GRANT PLAN

SECTION 1.  GENERAL PURPOSE OF THE PLAN: DEFINITIONS

         The name of the plan is the Inverness Medical Technology, Inc. 2000
Stock Option and Grant Plan (the "Plan"). The purpose of the Plan is to
encourage and enable the officers, employees, Directors and other key persons of
Inverness Medical Technology, Inc, (the "Company") and its Subsidiaries upon
whose judgment, initiative and efforts the Company largely depends for the
successful conduct of its business to acquire a proprietary interest in the
Company. It is anticipated that providing such persons with a direct stake in
the Company's welfare will assure a closer identification of their interests
with those of the Company, thereby stimulating their efforts on the Company's
behalf and strengthening their desire to remain with the Company.

         The following terms shall be defined as set forth below:

         "ACT" means the Securities Exchange Act of 1934, as amended.

         "ADMINISTRATOR" means a committee of two or more Non-Employee Directors
appointed by the Board to administer the Plan and shall be the Compensation
Committee of the Board so long as such committee exists as a committee of
Non-Employee Directors and has at least two members.

         "AWARD" or "AWARDS", except where referring to a particular category of
grant under the Plan, shall include Incentive Stock Options, Non-Qualified Stock
Options, Stock Appreciation Rights, Restricted Stock Awards, Unrestricted Stock
Awards, Performance Share Awards and Dividend Equivalent Rights.

         "BOARD" means the Board of Directors of the Company.

         "CAUSE" as such term relates to the termination of any person means the
occurrence of one or more of the following: (i) such person is convicted of,
pleads guilty to, or confesses to any felony or any act of fraud,
misappropriation or embezzlement which has an immediate and materially adverse
effect on the Company or any Subsidiary, as determined by the Board in good
faith in its sole discretion, (ii) such person engages in a fraudulent act to
the material damage or prejudice of the Company or any Subsidiary or in conduct
or activities materially damaging to the property, business or reputation of the
Company or any Subsidiary, all as determined by the Board in good faith in its
sole discretion, (iii) any material act or omission by such person involving
malfeasance or negligence in the performance of such person's duties to the
Company or any Subsidiary to

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the material detriment of the Company or any Subsidiary, as determined by the
Board in good faith in its sole discretion, which has not been corrected by such
person to the satisfaction of the Board within 30 days after written notice from
the Company of any such act or omission, (iv) failure by such person to comply
in any material respect with the terms of his employment agreement, it any, or
any written policies or directives of the Board as determined by the Board in
good faith in its sole discretion, which noncompetition agreement with the
Company, if any, as determined by the Board in good faith in its sole
discretion.

         "CHANGE OF CONTROL" is defined in Section 15.

         "CODE" means the Internal Revenue Code of 1986, as amended, and any
successor Code, and related rules, regulations and interpretations.

         "DISABILITY" means an individual's inability to perform his normal
required services for the Company and its Subsidiaries for a period of six
consecutive months by reason of the individual's mental or physical disability,
as determined by the Administrator in good faith in its sole discretion.

         "DIVIDEND EQUIVALENT RIGHT" means Awards granted pursuant to Section
10.

         "EFFECTIVE DATE" means the date on which the Plan is approved by
stockholders as set forth in Section 17.

         "FAIR MARKET VALUE" on any given date means the last reported sale
price at which Stock is traded on such date or, if no Stock is traded on such
date, the next preceding date on which Stock was traded, as reflected on the
principal stock exchange or, if applicable, any other national stock exchange on
which the Stock is traded or admitted to trading.

         "INCENTIVE STOCK OPTION" means any Stock Option designated and
qualified as an incentive stock option" as defined in Section 422 of the Code.

         "NON-EMPLOYEE DIRECTOR" means any Director who is both a "Non-Employee
Director" within the meaning of Rule 16b-3(b)(3)(i) promulgated under the Act,
or any successor definition under said rule, and an "outside director" within
the meaning of Section 162(m) of the Code and the regulations promulgated
thereunder.

         "NON-QUALIFIED STOCK OPTION" means any Stock Option that is not an
Incentive Stock Option

         "OPTION" or "STOCK OPTION" means any option to purchase shares of Stock
granted pursuant to Section 5.

         "PERFORMANCE SHARE AWARD" means Awards granted pursuant to Section 9.

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         "RESTRICTED STOCK AWARD" means Awards granted pursuant to Section 7.

         "RETIREMENT" means the employee's termination of employment with the
Company and its Subsidiaries after attainment of age 65 or attainment of age 55
and completion of 10 years of employment.

         "STOCK" means the Common Stock, par value $.001 per share, of the
Company, subject to adjustments pursuant to Section 3.

         "STOCK APPRECIATION RIGHT" means any Award granted pursuant to
Section 6.

         "SUBSIDIARY" means any corporation or other entity (other than the
Company) in any unbroken chain of corporations or other entities, beginning with
the Company if each of the corporations or entities (other than the last
corporation or entity in the unbroken chain) owns stock or other interests
possessing 50% or more of the economic interest or the total combined voting
power of all classes of stock or other interests in one of the other
corporations or entities in the chain.

         "UNRESTRICTED STOCK AWARD" means any Award granted pursuant to
Section 8.

SECTION 2.  ADMINISTRATION OF PLAN: AUTHORITY TO SELECT PARTICIPANTS AND
            DETERMINE AWARDS

         (a) POWERS OF ADMINISTRATOR. The Administrator shall have the power and
authority to grant Awards consistent with the terms of the Plan, including the
power and authority:

                  (i) to select the officers, employees and key persons of the
         Company and its Subsidiaries to whom Awards may from time to time be
         granted;

                  (ii) to determine the time or times of grant, and the extent,
         if any, of Incentive Stock Options, Non-Qualified Stock Options, Stock
         Appreciation Rights, Restricted Stock Awards, Unrestricted Stock
         Awards, Performance Share Awards and Dividend Equivalent Rights, or any
         combination of the foregoing, granted to any one or more participants;

                  (iii) to determine the number of shares of Stock to be covered
         by any Award;

                   (iv) to determine and modify from time to time the terms and
         conditions, including restrictions, not inconsistent with the terms of
         the Plan, of any Award, which terms and conditions may differ among
         individual Awards and participants, and to approve the form of written
         instruments evidencing the Awards;

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                  (v) to accelerate at any time the exercisability or vesting of
         all or any portion of any Award upon an express determination by the
         Administrator, in its sole discretion, that such acceleration is in the
         Company's best interest;

                  (vi) subject to the provisions of Section 5(a)(iii), to extend
         at any time the period in which Stock Options may be exercised;

                  (vii) to determine at any time whether, to what extent, and
         under what circumstances Stock and other amounts payable with respect
         to an Award shall be deferred either automatically or at the election
         of the participant and whether and to what extent the Company shall pay
         or credit amounts constituting interest (at rates determined by the
         Administrator) or dividends or deemed dividends on such deferrals; and

                  (viii) at any time to adopt, alter and repeal such rules,
         guidelines and practices for administration of the Plan and for its own
         acts and proceedings as it shall deem advisable; to interpret the terms
         and provisions of the Plan and any Award (including related written
         instruments); to make all determinations it deems advisable for the
         administration of the Plan; to decide all disputes arising in
         connection with the Plan; and to otherwise supervise the administration
         of the Plan.

         All decisions and interpretations of the Administrator shall be binding
on all persons, including the Company and Plan participants.

          (b) DELEGATION OF AUTHORITY TO GRANT AWARDS. The Administrator, in its
discretion, may delegate to the Chief Executive Officer of the Company all or
part of the Administrator's authority and duties with respect to Awards,
including the granting thereof, to individuals who are not subject to the
reporting and other provisions of Section 16 of the Act or "covered employees"
within the meaning of Section 162(m) of the Code. The Administrator may revoke
or amend the terms of a delegation at any time but such action shall not
invalidate any prior actions of the Administrator's delegate or delegates that
were consistent with the terms of the Plan.

SECTION 3.  STOCK ISSUABLE UNDER THE PLAN MERGERS: SUBSTITUTION

         (a) STOCK ISSUABLE. The maximum number of shares of Stock reserved and
available for issuance under the Plan shall be 750,000 shares. For purposes of
this limitation, the shares of Stock underlying any Awards which are forfeited,
cancelled, reacquired by the Company, satisfied without the issuance of Stock or
otherwise terminated (other than by exercise) shall be added back to the shares
of Stock available for issuance under the Plan. Subject to such overall
limitation, shares of Stock may be issued up to such maximum number pursuant to
any type or types of Award; provided, however, that Stock Options or Stock
Appreciation Rights with respect to no more than 500,000 shares of Stock may be
granted to any one individual participant during any one calendar year period.
The shares available for issuance under the Plan may be authorized but unissued
shares of

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Stock or shares of Stock reacquired by the Company. Upon the exercise of a Stock
Appreciation Right settled in shares of Stock, the right to purchase an equal
number of shares of Stock covered by a related Stock Option, if any, shall be
deemed to have been surrendered and will no longer be exercisable, and said
number of shares of Stock shall no longer be available under the Plan.

          (b) RECAPITALIZATIONS. If, through or as a result of any merger,
consolidation, sale of all or substantially all of the assets of the Company,
reorganization, recapitalization, reclassification, stock dividend, stock split,
reverse stock split or other similar transaction, the outstanding shares of
Stock are increased or decreased or are exchanged for a different number or kind
of shares or other securities of the Company, or additional shares or new or
different shares or other securities of the Company or other non-cash assets are
distributed with respect to such shares of Stock or other securities, the
Administrator shall make an appropriate or proportionate adjustment in (i) the
maximum number of shares reserved for issuance under the Plan, (ii) the number
of Stock Options or Stock Appreciation Rights that can be granted to any one
individual participant, (iii) the number and kind of shares or other securities
subject to any then outstanding Awards under the Plan, and (iv) the price for
each share subject to any then outstanding Stock Options and Stock Appreciation
Rights under the Plan, without changing the aggregate exercise price (i.e., the
exercise price multiplied by the number of Stock Options and Stock Appreciation
Rights) as to which such Stock Options and Stock Appreciation Rights remain
exercisable. The adjustment by the Administrator shall be final, binding and
conclusive. No fractional shares of Stock shall be issued under the Plan
resulting from any such adjustment, but the Administrator in its discretion may
make a cash payment in lieu of fractional shares.

         (c) MERGERS. Upon consummation of a consolidation or merger or sale of
all or substantially all of the assets of the Company in which outstanding
shares of Stock are exchanged for securities, cash or 6ther property of an
unrelated corporation or business entity or in the event of a liquidation of the
Company, the Board, or the board of directors of any corporation assuming the
obligations of the Company, may, in its discretion, take any one or more of the
following actions, as to outstanding Stock Options and Stock Appreciation
Rights: (i) provide that such Stock Options shall be assumed or equivalent
options shall be substituted, by the acquiring or succeeding corporation (or an
affiliate thereof), (ii) upon written notice to the optionees, provide that all
unexercised Stock Options and Stock Appreciation Rights will terminate
immediately prior to the consummation of such transaction unless exercised by
the optionee within a specified period following the date of such notice, and/or
(iii) in the event of a business combination under the terms of which holders of
the Stock of the Company will receive upon consummation thereof a cash payment
for each share surrendered in the business combination, make or provide for a
cash payment to the optionees equal to the difference between (A) the value (as
determined by the Administrator) of the consideration payable per share of Stock
pursuant to the business combination (the "Merger Price") times the number of
shares of Stock subject to such outstanding Stock Options and Stock Appreciation
Rights (to the extent then exercisable at prices not in excess of the Merger
Price) and (B) the aggregate exercise price of all such outstanding Stock
Options and

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Stock Appreciation Rights in exchange for the termination of such Stock Options
and Stock Appreciation Rights.

         (d) SUBSTITUTE AWARDS. The Administrator may grant Awards under the
Plan in substitution for stock and stock based awards held by employees of
another corporation who become employees of the Company or a Subsidiary as the
result of a merger or consolidation of the employing corporation with the
Company or a Subsidiary or the acquisition by the Company or a Subsidiary of
property or stock of the employing corporation. The Administrator may direct
that the substitute awards be granted on such terms and conditions as the
Administrator considers appropriate in the circumstances, provided that such
awards conform to the requirements of this Plan.

SECTION 4.  ELIGIBILITY

         Participants in the Plan will be such full or part-time officers, other
employees, Directors and other key persons of the Company and its Subsidiaries
who are responsible for or contribute to the management, growth or profitability
of the Company and its Subsidiaries as are selected from time to time by the
Administrator, in its sole discretion.

SECTION 5.  STOCK OPTIONS

         Any Stock Option granted under the Plan shall be in such form as the
Administrator may from time to time approve.

         Stock Options granted under the Plan may be either Incentive Stock
Options or Non-Qualified Stock Options. Incentive Stock Options may be granted
only to employees of the Company or any Subsidiary that is a "subsidiary
corporation" within the meaning of Section 424(f) of the Code. To the extent
that any Option does not qualify as an Incentive Stock Option, it shall be
deemed a Non-Qualified Stock Option.

         No Incentive Stock Option shall be granted under the Plan after May 9,
2010.

         (a) TERMS AND CONDITIONS OF STOCK OPTIONS. The Administrator in its
discretion may grant Stock Options subject to the following terms and conditions
and such additional terms and conditions, not inconsistent with the terms of the
Plan, as the Administrator shall deem desirable:

                  (i) EXERCISE PRICE. The exercise price per share for the Stock
         covered by a Stock Option granted pursuant to this Section 5(a) shall
         be determined by the Administrator at the time of grant but shall not
         be less than 100% of the Fair Market Value on the date of grant. If an
         employee owns or is deemed to own by reason of the attribution rules of
         Section 424(d) of the Code) more than 10% of the combined voting power
         of all classes of stock of the Company or any parent or subsidiary
         corporation and an Incentive Stock Option is granted to such employee,

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         the option price of such Incentive Stock Option shall be not less than
         110% of the Fair Market Value on the grant date.

                  (ii) GRANT OF DISCOUNT OPTIONS IN LIEU OF CASH BONUS. Upon the
         request of a participant and with the consent of the Administrator,
         such participant may elect each calendar year to receive a
         Non-Qualified Stock Option in lieu of any specified compensation to
         which he may become entitled during the following calendar year
         pursuant to any other plan or arrangement of the Company, but only if
         such participant makes an advance election to waive receipt of all or a
         portion of such compensation. Such election shall be made on or before
         the date set by the Administrator which date generally shall be no
         later than 15 days (or such shorter period permitted by the
         Administrator) preceding January 1 of the calendar year for which the
         compensation would otherwise be paid. A Non-Qualified Stock Option
         shall be granted to each employee who made such an election on the date
         the waived compensation would otherwise be paid. The exercise price per
         share shall be determined by the Administrator and shall be equal to
         the Fair Market Value of the Stock on the date the Stock Option is
         granted. The number of shares of Stock subject to the Stock Option
         shall be determined by dividing the amount of the waived compensation
         by the difference between the Fair Market Value of the Stock on the
         date the Stock Option is granted and the exercise price per Stock
         Option. The Stock Option shall be granted for whole number of shares so
         determined; the value of any fractional share shall be paid in cash.

                  (iii) OPTION TERM. The term of each Stock Option shall be
         fixed by the Administrator, but no Incentive Stock Option shall be
         exercisable more than ten years after the date the option is granted.
         If an employee owns or is deemed to own (by reason of the attribution
         rules of Section 424(d) of the Code) more than 10% of the combined
         voting power of all classes of stock of the Company or any parent or
         subsidiary corporation and an Incentive Stock Option is granted to such
         employee, the term of such option shall be no more than five years from
         the date of grant.

                  (iv) EXERCISABILITY: RIGHTS OF A STOCKHOLDER. Stock Options
         shall become vested and exercisable at such time or times, whether or
         not in installments, as shall be determined by the Administrator at or
         after the grant date; provided, however, that Stock Options granted in
         lieu of compensation shall be exercisable in full as of the grant date.
         The Administrator may at any time accelerate the exercisability of all
         or any portion of any Stock Option. An optionee shall have the rights
         of a stockholder only as to shares acquired upon the exercise of a
         Stock Option and not as to unexercised Stock Options.

                  (v) METHOD OF EXERCISE. Stock Options may be exercised in
         whole or in part, by giving written notice of exercise to the Company,
         specifying the number of shares to be purchased. Payment of the
         purchase price may be made by one or more of the following methods:

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                           (A) In cash, by certified or bark check or other
                  instrument acceptable to the Administrator;

                           (B) In the form of shares of Stock that are not then
                  subject to restrictions under any Company plan and that have
                  been beneficially owned by the optionee for at least six
                  months, if permitted by the Administrator in its discretion.
                  Such surrendered shares shall be valued at Fair Market Value
                  on the exercise date; or

                           (C) By the optionee delivering to the Company a
                  properly executed exercise notice together with irrevocable
                  instructions to a broker to promptly deliver to the Company
                  cash or a check payable and acceptable to the Company to pay
                  the purchase price; provided that in the event the optionee
                  chooses to pay the purchase price as so provided, the optionee
                  and the broker shall comply with such procedures and enter
                  into such agreements of indemnity and other agreements as the
                  Administrator shall prescribe as a condition of such payment
                  procedure.

Payment instruments will be received subject to collection. The delivery of
certificates representing the shares of Stock to be purchased pursuant to the
exercise of a Stock Option will be contingent upon receipt from the optionee (or
a purchaser acting in his stead in accordance with the provisions of the Stock
Option) by the Company of the full purchase price for such shares and the
fulfillment of any other requirements contained in the Stock Option or
applicable provisions of laws.

                  (vi) TERMINATION BY REASON OF DEATH. Any Stock Option held by
         an optionee whose employment by (or other business relationship with)
         the Company and its Subsidiaries is terminated by reason of death shall
         become fully exercisable and may thereafter be exercised by the legal
         representative or legatee of the optionee, for a period of 12 months
         (or such longer period as the Administrator shall specify at any time)
         from the date of death, or until the expiration of the stated term of
         the Option, if earlier.

                   (vii) TERMINATION BY REASON OF DISABILITY

                           (A) Any Stock Option held by an optionee whose
                  employment by (or other business relationship with) the
                  Company and its Subsidiaries is terminated by reason of
                  Disability shall become fully exercisable and may thereafter
                  be exercised, for a period of 12 months (or such longer period
                  as the Administrator shall specify at any time) from the date
                  of such termination of employment (or business relationship),
                  or until the expiration of the stated term of the Option, if
                  earlier.

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                           (B) The Administrator shall have sole authority and
                  discretion to determine whether a participant's employment (or
                  business relationship) has been terminated by reason of
                  Disability.

                           (C) Except as otherwise provided by the Administrator
                  at any time, the death of an optionee during the period
                  provided in this Section 5(a)(vii) for the exercise of a Stock
                  Option shall extend such period for 12 months from the date of
                  death, subject to termination on the expiration of the stated
                  term of the Option, if earlier.

                  (viii) TERMINATION BY REASON OF RETIREMENT.

                           (A) Any Stock Option held by an optionee whose
                  employment by (or business relationship with) the Company and
                  its Subsidiaries is terminated by reason of Retirement may
                  thereafter be exercised, to the extent it was exercisable at
                  the time of such termination, for a period of 12 months (or
                  such other period as the Administrator shall specify at any
                  time) from the date of such termination of employment (or
                  business relationship), or until the expiration of the stated
                  term of the Option, if earlier.

                           (B) Except as otherwise provided by the Administrator
                  at any time, the death of an optionee during a period provided
                  in this Section 5(a)(viii) for the exercise of a Stock Option
                  shall extend such period for 12 months from the date of death,
                  subject to termination on the expiration of the stated term of
                  the Option, if earlier.

                  (ix) TERMINATION FOR CAUSE. If any optionee's employment by
         (or business relationship with) the Company and its Subsidiaries is
         terminated for Cause, any Stock Option held by such optionee, including
         any Stock Option that is immediately exercisable at the time of such
         termination, shall immediately terminate and be of no further force and
         effect; provided, however, that the Administrator may, in its sole
         discretion, provide that such Stock Option can be exercised for a
         period of up to 30 days from the date of termination of employment (or
         business relationship) or until the expiration of the stated term of
         the Option, if earlier.

                   (x) OTHER TERMINATION. Unless otherwise determined by the
         Administrator, if an optionee's employment by (or business relationship
         with) the Company and its Subsidiaries terminates for any reason other
         than death, Disability, Retirement, or for Cause, any Stock Option held
         by such optionee may thereafter be exercised, to the extent it was
         exercisable on the date of termination of employment (or business
         relationship), for three months (or such longer period as the
         Administrator shall specify at any time) from the date of termination
         of employment (or business relationship) or until the expiration of the
         stated term of the Option, if earlier.

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                  (xi) ANNUAL LIMIT ON INCENTIVE STOCK OPTIONS. To the extent
         required for "incentive stock option" treatment under Section 422 of
         the Code, the aggregate Fair Market Value (determined as of the time of
         grant) of the shares of Stock with. respect to which Incentive Stock
         Options granted under this Plan and any other plan of the Company or
         its parent and subsidiary corporations become exercisable for the first
         time by an optionee during any calendar year shall not exceed $100,000.
         To the extent that any Stock Option exceeds this limit, it shall
         constitute a Non-Qualified Stock Option.

         (b) RELOAD OPTIONS. At the discretion of the Administrator, Options
granted under Section 5(a) may include a "reload" feature pursuant to which an
optionee exercising an option by the delivery of a number of shares of Stock in
accordance with Section 5(a)(v)(B) hereof would automatically be granted an
additional Option (with an exercise price equal to the Fair Market Value of the
Stock on the date the additional Option is granted and with the same expiration
date as the original Option being exercised, and with such other terms as the
Administrator may provide) to purchase that number of shares of Stock equal to
the number delivered to exercise the original Option.

         (c) NON-TRANSFERABILITY OF OPTIONS. No Stock Option shall be
transferable by the optionee otherwise than by will or by the laws of descent
and distribution and all Stock Options shall be exercisable, during the
optionee's lifetime, only by the optionee. Notwithstanding the foregoing, the
Administrator may provide in an option agreement evidencing a Non-Qualified
Stock Option that the optionee may transfer, without consideration for the
transfer, such Non-Qualified Stock Option to members of his immediate family, to
trusts for the benefit of such family members, to partnerships in which such
family members are the only partners, or to charitable organizations, provided
that the transferee agrees in writing with the Company to be bound by all of the
terms and conditions of the Plan and the applicable option agreement.

         (d) FORM OF SETTLEMENT. Shares of Stock issued upon exercise of a Stock
Option shall be free of all restrictions under the Plan, except as otherwise
provide in the Plan.

SECTION 6.  STOCK APPRECIATION RIGHTS.

         (a) NATURE OF STOCK APPRECIATION RIGHTS. A Stock Appreciation Right is
an Award entitling the recipient to receive an amount in cash or shares of Stock
or a combination thereof having a value equal to the excess of the Fair Market
Value of the Stock on the date of exercise over the exercise price per Stock
Appreciation Right set by the Administrator at the time of grant, which price
shall not be less than 85% of the Fair Market Value of the Stock on the date of
grant (or over the option exercise price per share, if the Stock Appreciation
Right was granted in tandem with a Stock Option) multiplied by the number of
shares of Stock with respect to which the Stock Appreciation Right shall have
been exercised, with the Administrator having the right to determine the form of
payment.

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         (b) GRANT AND EXERCISE OF STOCK APPRECIATION RIGHTS. Stock Appreciation
Rights may be granted by the Administrator in tandem with, or independently of,
any Stock Option granted pursuant to Section 5 of the Plan. In the case of a
Stock Appreciation Right granted in tandem with a Non-Qualified Stock Option,
such Stock Appreciation Right may be granted either at or after the time of the
grant of such Option. In the case of a Stock Appreciation Right granted in
tandem with an Incentive Stock Option, such Stock Appreciation Right may be
granted only at the time of the grant of the Option.

         A Stock Appreciation Right or applicable portion thereof granted in
tandem with a Stock Option shall terminate and no longer be exercisable upon the
termination or exercise of the related Option.

         (c) TERMS AND CONDITIONS OF STOCK APPRECIATION RIGHTS. Stock
Appreciation Rights shall be subject to such terms and conditions as shall be
determined from time to time by the Administrator, subject to the following:

                  (i) Stock Appreciation Rights granted in tandem with Options
         shall be exercisable at such time or times and to the extent that the
         related Stock Options shall be exercisable.

                  (ii) Upon exercise of a Stock Appreciation Right, the
         applicable portion of any related Option shall be surrendered.

                  (iii) Stock Appreciation Rights granted in tandem with an
         Option shall be transferable only when and to the extent that the
         underlying Option would be transferable. Stock Appreciation Rights not
         granted in tandem with a Option shall not be transferable otherwise
         than by will or the laws of descent or distribution. All Stock
         Appreciation Rights shall be exercisable during the participant's
         lifetime only by the participant or the participant's legal
         representative.

SECTION 7.  RESTRICTED STOCK AWARDS

         (a) NATURE OF RESTRICTED STOCK AWARDS. A Restricted Stock Award is an
Award entitling the recipient to acquire, at par value or such other purchase
price determined by the Administrator, shares of Stock subject to such
restrictions and conditions as the Administrator may determine at the time of
grant ("Restricted Stock"). Conditions may be based on continuing employment (or
other business relationship) and/or achievement of pre-established performance
goals and objectives.

         (b) RIGHTS AS A STOCKHOLDER. Upon execution of a written instrument
setting forth the Restricted Stock Award and paying any applicable purchase
price, a participant shall have the rights of a stockholder with respect to the
voting of the Restricted Stock, subject to such conditions contained in the
written instrument evidencing the Restricted Stock Award. Unless the
Administrator shall otherwise determine, certificates evidencing the Restricted
Stock shall indicate when the stock is vested as provided in Section 7(d) below.

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         (c) RESTRICTIONS. Restricted Stock may not be sold, assigned,
transferred, pledged or otherwise encumbered or disposed of except as
specifically provided herein or in the written instrument evidencing the
Restricted Stock Award. If a participant's employment (or other business
relationship) with the Company and its Subsidiaries terminates for any reason,
the Company shall have the right to repurchase Restricted Stock with respect to
which conditions have not lapsed at their purchase from the participant or the
participant's legal representative.

         (d) VESTING OF RESTRICTED STOCK. The Administrator at the time of grant
shall specify the dates or dates and/or the attainment of pre-established
performance goals, objectives and other conditions on which the
non-transferability of the Restricted Stock and the Company's right of
repurchase or forfeiture shall lapse. Subsequent to such date or dates and/or
the attainment of such pre-established performance goals, objectives and other
conditions, the shares on which all restrictions have lapsed shall no longer be
Restricted Stock and shall be deemed "vested." Except as may otherwise be
provided by the Administrator at any time, a participant's rights in any shares
of Restricted Stock that have not vested shall automatically terminate upon the
participant's termination of employment (or other business relationship) with
the Company and its Subsidiaries and such shares shall either be forfeited or
subject to the Company's right of repurchase as provided in Section 7(c) above.

         (e) RESTRICTION PERIOD. Restricted Stock vesting upon the attainment of
performance goals or objectives shall vest after a restriction period of not
less than one (1) year. All other Restricted Stock shall vest after a
restriction period of not less than three (3) years.

         (f) WAIVER, DEFERRAL AND REINVESTMENT OF DIVIDENDS. The written
instrument evidencing the Restricted Stock Award may require or permit the
immediate payment, waiver, deferral or investment of dividends paid on the
Restricted Stock.

SECTION 8.  UNRESTRICTED STOCK AWARDS.

         (a) GRANT OR SALE OF UNRESTRICTED STOCK. The Administrator may, in its
sole discretion, grant (or sell at a purchase price determined by the
Administrator) an Unrestricted Stock Award to any participant, pursuant to which
such participant may receive shares of Stock free of any restrictions
("Unrestricted Stock") under the Plan. Unrestricted Stock Awards may be granted
or sold as described in the preceding sentence in respect of past services or
other valid consideration, or in lieu of any cash compensation due to such
participant.

         (b) ELECTIONS TO RECEIVE UNRESTRICTED STOCK IN LIEU OF COMPENSATION.
Upon the request of a participant and with the consent of the Administrator,
each participant may,

                                       12
<PAGE>

pursuant to an advance written election delivered to the Company no later than
the date specified by the Administrator, receive a portion of the cash
compensation otherwise due to such participant in the form of shares of
Unrestricted Stock (valued at Fair Market Value on the date or dates the cash
compensation would otherwise be paid) either currently or on a deferred basis.

         (e) RESTRICTIONS ON TRANSFERS. The right to receive shares of
Unrestricted Stock on a deferred basis may not be sold, assigned, transferred,
pledged or otherwise encumbered, other than by will or the laws of descent and
distribution.

SECTION 9.  PERFORMANCE SHARE AWARDS

         (a) NATURE OF PERFORMANCE SHARE AWARDS. A Performance Share Award is an
Award entitling the recipient to acquire shares of Stock upon the attainment of
specified performance goals. The Administrator may make Performance Share Awards
independent of or in connection with the granting of any other Award under the
Plan. The Administrator in its sole discretion shall determine whether and to
whom Performance Share Awards shall be made, the performance goals applicable
under each such Award, the periods during which performance is to be measured,
and all other limitations and conditions applicable to the awarded Performance
Shares; provided, however, that the period during which performance is to be
measured prior to the participant acquiring any shares of Stock under a
Performance Share Award shall not be less than one (1) year. The Administrator
may rely on the performance goals and other standards applicable to other
performance unit plans of the Company in setting the standards for Performance
Share Awards under the Plan.

         (b) RESTRICTIONS ON TRANSFER. Performance Share Awards, and all rights
with respect to such Awards may not be sold, assigned, transferred, pledged or
otherwise encumbered

         (c) RIGHTS AS A SHAREHOLDER. A participant receiving a Performance
Share Award shall have the rights of a shareholder only as to shares actually
received by the participant under the Plan and not with respect to shares
subject to the Award but not actually received by the participant. A participant
shall be entitled to receive a stock certificate evidencing the acquisition of
shares of Stock under a Performance Share Award only upon satisfaction of all
conditions specified in the written instrument evidencing the Performance Share
Award (or in a performance plan adopted by the Administrator).

         (d) TERMINATION. Except as may otherwise be provided by the
Administrator at any time prior to termination of employment (or other business
relationship), a participant's rights in all Performance Share Awards shall
automatically terminate upon the participant's termination of employment (or
business relationship) with the Company and its Subsidiaries for any reason.

                                       13
<PAGE>

         (e) ACCELERATION, WAIVER, ETC. At any time prior to the participant's
termination of employment (or other business relationship) by the Company and
its Subsidiaries, the Administrator may in its sole discretion accelerate, waive
or, subject to Section 13, amend any or all of the goals, restrictions or
conditions imposed under any Performance Share Award.

SECTION 10.  DIVIDEND EQUIVALENT RIGHTS

         (a) DIVIDEND EQUIVALENT RIGHTS. A Dividend Equivalent Right is an Award
entitling the recipient to receive credits based on cash dividends that would be
paid on the shares of Stock specified in the Dividend Equivalent Right (or other
award to which it relates) if such shares were held by the recipient. A Dividend
Equivalent Right may be granted hereunder to any participant, as a component of
another Award or as a freestanding award. The terms and conditions of Dividend
Equivalent Rights shall be specified in the grant. Dividend equivalents credited
to the holder of a Dividend Equivalent Right may be paid currently or may be
deemed to be reinvested in additional shares of Stock, which may thereafter
accrue additional equivalents. Any such reinvestment shall be at Fair Market
Value on the date of reinvestment or such other price as may then apply under a
dividend reinvestment plan sponsored by the Company, if any. Dividend Equivalent
Rights may be settled in cash or shares of Stock or a combination thereof, in a
single installment or installments. A Dividend Equivalent Right granted as a
component of another Award may provide that such Dividend Equivalent Right shall
be settled upon exercise, settlement, or payment of, or lapse of restrictions
on, such other award, and that such Dividend Equivalent Right shall expire or be
forfeited or annulled under the same conditions as such other award. A Dividend
Equivalent Right granted as a component of another Award may also contain terms
and conditions different from such other award.

         (b) INTEREST EQUIVALENTS. Any Award under this Plan that is settled in
whole or in part in cash on a deferred basis may provide in the grant for
interest equivalents to be credited with respect to such cash payment. Interest
equivalents may be compounded and shall be paid upon such terms and conditions
as may be specified by the grant.

SECTION 11.  TAX WITHHOLDING

         (a) PAYMENT BY PARTICIPANT. Each participant shall, no later than the
date as of which the value of an Award or of any Stock or other amounts received
thereunder first becomes includable in the gross income of the participant for
Federal income tax purposes, pay to the Company, or make arrangements
satisfaction to the Administrator regarding payment of, any Federal, state, or
local taxes of any kind required by law to be withheld with respect to such
income. The Company and its Subsidiaries shall, to the extent permitted by law,
have the right to deduct any such taxes from any payment of any kind otherwise
due to the participant.

                                       14
<PAGE>

         (b) PAYMENT IN STOCK. Subject to approval by the Administrator, a
participant may elect to have such tax withholding obligation satisfied, in
whole or in part, by (i) authorizing the Company to withhold from shares of
Stock to be issued pursuant to any Award a number of shares with an aggregate
Fair Market Value (as of the date the withholding is effected) that would
satisfy the withholding amount due; or (ii) transferring to the Company
shares of Stock owned by the participant with an aggregate Fair Market Value
(as of the date the withholding is effected) that would satisfy the
withholding amount due.

SECTION 12.  TRANSFER. LEAVE OF ABSENCE. ETC

         For purposes of the Plan, the following events shall not be deemed a
termination of employment:

         (a) a transfer to the employment of the Company from a Subsidiary or
from the Company to a Subsidiary, or from one Subsidiary to another; or

         (b) an approved leave of absence for military service or sickness, or
for any other purpose approved by the Company, if the employee's right to
reemployment is guaranteed either by a statute or by contract or under the
policy pursuant to which the leave of absence was granted or if the
Administrator otherwise so provides in writing.

SECTION 13.  AMENDMENTS AND TERMINATION

         Plan amendments shall be subject to approval by the Company
stockholders entitled to vote at a meeting of stockholders, except that the
Board may, at any time, amend or discontinue the Plan for the purpose of
satisfying changes in law or for the purpose of making amendments to the Plan
that do not materially increase the rights of the Administrator, the Board of
Directors or Company management hereunder or otherwise materially alter the
substantive provisions of the Plan.

          The Administrator may, at any time, amend or cancel any outstanding
Award; PROVIDED THAT the Administrator may only reprice outstanding Awards or
provide substitute Awards at a reduced exercise or purchase price or with no
exercise or purchase price upon finding, in its reasonable discretion, that the
value of such outstanding Awards has been jeopardized by extreme circumstances
beyond management's control, and then only with respect to Awards representing
no more than ten percent (10%) of the shares authorized for grant under the
Plan; AND FURTHER PROVIDED THAT the terms of such repriced or substitute Awards
satisfy the requirements that would apply to such Awards if they were then
initially granted under this Plan.

          The foregoing notwithstanding, the Board may only amend or discontinue
the Plan, and the Administrator may only amend or cancel any outstanding Award,
if such action does not adversely affect rights under any outstanding Award
without the holder's consent or require approval by the Company's stockholders
entitled to vote thereon to ensure that

                                       15
<PAGE>

any Incentive Stock Option granted under the Plan remains or will be qualified
under Section 422 of the Code.

SECTION 14.  STATUS OF PLAN

         With respect to the portion of any Award which has not been exercised
and any payments in cash, Stock or other consideration not received by a
participant, a participant shall have no rights greater than those of a general
creditor of the Company unless the Administrator shall otherwise expressly
determine in connection with any Award or Awards. In its sole discretion, the
Administrator may authorize the creation of trusts or other arrangements to meet
the Company's obligations to deliver Stock or make payments with respect to
Awards hereunder, provided that the existence of such trusts or other
arrangements is consistent with the foregoing sentence.

SECTION 15.  CHANGE OF CONTROL PROVISIONS

         Upon the occurrence of a Change of Control as defined in this
Section 15:

         (a) Each outstanding Stock Option and Stock Appreciation Right shall
automatically become fully exercisable notwithstanding any provision to the
contrary herein.

         (b) Each Restricted Stock Award and Performance Share Award shall be
subject to such terms, if any, with respect to a Change of Control as have been
provided by the Administrator in connection with such Award.

         (c) "CHANGE OF CONTROL" shall mean the occurrence of any one of the
following events:

                  (i) any "PERSON," as such term is used in Sections 13(d) and
         14(d) of the Act (other than the Company, any of its Subsidiaries, or
         any trustee, fiduciary or other person or entity holding securities
         under any employee benefit plan or trust of the Company or any of its
         Subsidiaries), together with all "affiliates" and "associates" (as such
         terms are defined in Rule 12b-2 under the Act) of such person, shall
         become the "beneficial owner" (as such term is defined in Rule 13d-3
         under the Act), directly or indirectly, of securities of the Company
         representing in excess of 50% of either (A) the combined voting power
         of the Company's then outstanding securities having the right to vote
         in an election of the Company's Board of Directors ("Voting
         Securities") or (B) the then outstanding shares of Stock of the Company
         (in either such case other than as a result of an acquisition of
         securities directly from the Company); or

                  (ii) persons who, as of the Effective Date, constitute the
         Company's Board of Directors (the "Incumbent Directors") cease for any
         reason, including, without limitation, as a result of a tender offer,
         proxy contest, merger or similar

                                       16
<PAGE>

         transaction, to constitute at least a majority of the Board, provided
         that any person becoming a director of the Company subsequent to the
         Effective Date whose election or nomination for election was approved
         by a vote of at least a majority of the Incumbent Directors shall, for
         purposes of this Plan, be considered an Incumbent Director; or

                  (iii) the stockholders of the Company shall approve (A) any
         consolidation or merger of the Company or any Subsidiary where the
         shareholders of the Company, immediately prior to the consolidation or
         merger, would not, immediately after the consolidation or merger,
         beneficially own (as such term is defined in Rule 13d-3 under the Act),
         directly or indirectly, shares representing in the aggregate 80% or
         more of the voting shares of the corporation issuing cash or securities
         in the consolidation or merger (or of its ultimate parent corporation,
         if any), (B) any sale, lease, exchange or other transfer (in one
         transaction or a series of transactions contemplated or arranged by any
         party as a single plan) of all or substantially all of the assets of
         the Company or (C) any plan or proposal for the liquidation or
         dissolution of the Company.

         Notwithstanding the foregoing, a "Change of Control" shall not be
deemed to have occurred for purposes of the foregoing clause (i) solely as the
result of an acquisition of securities by the Company which, by reducing the
number of shares of Stock or other Voting Securities outstanding, increases (x)
the proportionate number of shares of Stock beneficially owned by any person in
excess of 50% or more of the shares of Stock then outstanding or (y) the
proportionate voting power represented by the Voting Securities beneficially
owned by any person in excess of 50% or more of the combined voting power of all
then outstanding Voting Securities; provided, HOWEVER, that if any person
referred to in clause (x) or (y) of this sentence shall thereafter become the
beneficial owner of any additional shares of Stock or other Voting Securities
(other than pursuant to a stock split, stock dividend, or similar transaction),
then a "CHANGE OF CONTROL" shall be deemed to have occurred for purposes of the
foregoing clause (i).

SECTION 16.  GENERAL PROVISIONS

         (a) NO DISTRIBUTION; COMPLIANCE WITH LEGAL REQUIREMENTS. The
Administrator may require each person acquiring Stock pursuant to an Award to
represent to and agree with the Company in writing that such person is acquiring
the shares without a view to distribution thereof.

         No shares of Stock shall be issued pursuant to an Award until all
applicable securities law and other legal and stock exchange or similar
requirements have been satisfied. The Administrator may require the placing of
such stop-orders and restrictive legends on certificates for Stock and Awards as
it deems appropriate.

         (b) DELIVERY OF STOCK CERTIFICATES. Delivery of stock certificates to
participants under this Plan shall be deemed effected for all purposes when the
Company or a stock

                                       17
<PAGE>

transfer agent of the Company shall have mailed such certificates in the United
States mail, addressed to the participant, at the participant's last known
address on file with the Company.

         (c) OTHER COMPENSATION ARRANGEMENTS: NO EMPLOYMENT RIGHTS. Nothing
contained in this Plan shall prevent the Board from adopting other or additional
compensation arrangements, including trusts, and such arrangements may be either
generally applicable or applicable only in specific cases. The adoption of this
Plan and the grant of Awards do not confer upon any employee any right to
continued employment with the Company or any Subsidiary.

SECTION 17.  EFFECTIVE DATE OF PLAN

         This Plan shall become effective upon approval by the holders of a
majority of the shares of Stock of the Company present or represented and
entitled to vote at a meeting of stockholders. Subject to such approval by the
stockholders and to the requirement that no Stock may be issued hereunder prior
to such approval, Stock Options and other Awards may be granted hereunder on and
after adoption of this Plan by the Board.

SECTION 18.  GOVERNING LAW

          This Plan shall be governed by Delaware law, except to the extent such
law is preempted by federal law.

DATE APPROVED BY BOARD OF DIRECTORS:  March 7, 2000

DATE APPROVED BY STOCKHOLDERS:  May 9, 2000

DATE AMENDED AND RESTATED:  July 3, 2000

                                       18<PAGE>

                MORGAN STANLEY DEAN WITTER SELECT EQUITY TRUST
                     SELECT 10 INDUSTRIAL PORTFOLIO 2000-6
                           REFERENCE TRUST AGREEMENT

          This Reference Trust Agreement dated October 31, 2000 between DEAN
WITTER REYNOLDS INC., as Depositor, and The Bank of New York, as Trustee,
sets forth certain provisions in full and incorporates other provisions by
reference to the document entitled "Morgan Stanley Dean Witter Select Equity
Trust, Trust Indenture and Agreement" (the "Basic Agreement") dated September
30, 1993 as amended on December 30, 1997. Such provisions as are incorporated
by reference constitute a single instrument (the "Indenture").

                               WITNESSETH THAT:

          In consideration of the premises and of the mutual agreements
herein contained, the Depositor and the Trustee agree as follows:

                                      I.

                    STANDARD TERMS AND CONDITIONS OF TRUST

          Subject to the provisions of Part II hereof, all the provisions
contained in the Basic Agreement are herein incorporated by reference in
their entirety and shall be deemed to be a part of this instrument as fully
and to the same extent as though said provisions had been set forth in full
in this instrument except that the Basic Agreement is hereby amended as
follows:

          A.   The first sentence of Section 2.01 is amended to add the
     following language at the end of such sentence: "and/or cash (or a
     letter of credit in lieu of cash) with instructions to the Trustee to
     purchase one or more of such Securities which cash (or cash in an amount
     equal to the face amount of the letter of credit), to the extent not
     used by the Trustee to purchase such Securities within the 90-day period
     following the first deposit of Securities in the Trust, shall be
     distributed to Unit Holders on the Distribution Date next following such
     90-day period or such earlier date as the Depositor and the Trustee
     determine".

<PAGE>

                                      -2-

          B.   Section 2.03 is amended to add the following to the end of the
     first paragraph thereof. The number of Units may be increased through a
     split of the Units or decreased through a reverse split thereof, as
     directed by the Depositor, which revised number of Units shall be
     recorded by Trustee on its books.

          C.   The first sentence of Section 2.06 is amended to add the
     following language after "Securities"))": "and/or cash (or a letter of
     credit in lieu of cash) with instructions to the Trustee to purchase one
     or more Additional Securities which cash (or cash in an amount equal to
     the face amount of the letter of credit), to the extent not used by the
     Trustee to purchase such Additional Securities within the 90-day period
     following the first deposit of Securities in the Trust, shall be
     distributed to Unit Holders on the Distribution Date next following such
     90-day period or such earlier date as the Depositor and the Trustee
     determine".

          D.   Article III, entitled "Administration of Trust", Section 3.01
     Initial Cost shall be amended as follows:

          Section 3.01 Initial Cost shall be amended to substitute the
following language:

          SECTION 3.01. INITIAL COST The costs of organizing the Trust and
     sale of the Trust Units shall, to the extent of the expenses
     reimbursable to the Depositor provided below, be borne by the Unit
     Holders, PROVIDED, HOWEVER, that, to the extent all of such costs are
     not borne by Unit Holders, the amount of such costs not borne by Unit
     Holders shall be borne by the Depositor and, PROVIDED FURTHER, HOWEVER,
     that the liability on the part of the Depositor under this section shall
     not include any fees or other expenses incurred in connection with the
     administration of the Trust subsequent to the deposit referred to in
     Section 2.01. Upon notification from the Depositor that the primary
     offering period is concluded, the Trustee shall withdraw from the
     Account or Accounts specified in the Prospectus or, if no Account is
     therein specified, from the Principal Account, and pay to the Depositor
     the Depositor's reimbursable expenses of organizing the Trust and sale
     of the Trust Units in an amount certified to the Trustee by the
     Depositor. If the balance of the Principal Account is insufficient to
     make such withdrawal, the Trustee shall, as di-

<PAGE>

                                      -3-

     rected by the Depositor, sell Securities identified by the Depositor, or
     distribute to the Depositor Securities having a value, as determined
     under Section 4.01 as of the date of distribution, sufficient for such
     reimbursement. The reimbursement provided for in this section shall be
     for the account of the Unitholders of record at the conclusion of the
     primary offering period and shall not be reflected in the computation of
     the Unit Value prior thereto. As used herein, the Depositor's
     reimbursable expenses of organizing the Trust and sale of the Trust
     Units shall include the cost of the initial preparation and typesetting
     of the registration statement, prospectuses (including preliminary
     prospectuses), the indenture, and other documents relating to the Trust,
     SEC and state blue sky registration fees, the cost of the initial
     valuation of the portfolio and audit of the Trust, the initial fees and
     expenses of the Trustee, and legal and other out-of-pocket expenses
     related thereto, but not including the expenses incurred in the printing
     of preliminary prospectuses and prospectuses, expenses incurred in the
     preparation and printing of brochures and other advertising materials
     and any other selling expenses. Any cash which the Depositor has
     identified as to be used for reimbursement of expenses pursuant to this
     Section shall be reserved by the Trustee for such purpose and shall not
     be subject to distribution or, unless the Depositor otherwise directs,
     used for payment of redemptions in excess of the per-Unit amount
     allocable to Units tendered for redemption.

          E.   The third paragraph of Section 3.05 is hereby amended to add
     the following sentence after the first sentence thereof: "Depositor may
     direct the Trustee to invest the proceeds of any sale of Securities not
     required for the redemption of Units in eligible money market
     instruments selected by the Depositor which will include only negotiable
     certificates of deposit or time deposits of domestic banks which are
     members of the Federal Deposit Insurance Corporation and which have,
     together with their branches or subsidiaries, more than $2 billion in
     total assets, except that certificates of deposit or time deposits of
     smaller domestic banks may be held provided the deposit does not exceed
     the insurance coverage on the instrument (which currently is $100,000),
     and provided further that the Trust's aggregate holding of certificates
     of deposit or time deposits issued by the Trustee may not ex-

<PAGE>

                                      -4-

     ceed the insurance coverage of such obligations and U.S. Treasury notes
     or bills (which shall be held until the maturity thereof) each of which
     matures prior to the  earlier of the next following Distribution Date or
     90 days after receipt, the principal thereof and interest thereon (to
     the extent such interest is not used to pay Trust expenses) to be
     distributed on the earlier of the 90th day after receipt or the next
     following Distribution Date."

          F.   The first sentence of each of Sections 3.10, 3.11 and 3.12 is
     amended to insert the following language at the beginning of such
     sentence, "Except as otherwise provided in Section 3.13,".

          G.   The following new Section 3.13 is added

          Section 3.13. EXTRAORDINARY EVENT-SECURITY RETENTION AND VOTING. In
     the event the Trustee is notified of any action to be taken or proposed
     to be taken by holders of the securities held by the Trust in connection
     with any proposed merger, reorganization, spin-off, split-off or
     split-up by the issuer of stock or securities held in the Trust, the
     Trustee shall take such action or refrain from taking any action, as
     appropriate, so as to insure that the securities are voted as closely as
     possible in the same manner and in the same general proportion as are
     the securities held by owners other than the Trust. If stock or
     securities are received by the Trustee, with or without cash, as a
     result of any merger, reorganization, spin-off, split-off or split-up by
     the issuer of stock or securities held in the Trust, the Trustee at the
     direction of the Depositor may retain such stock or securities in the
     Trust. Neither the Depositor nor the Trustee shall be liable to any
     person for any action or failure to take action with respect to this
     section.

          H.   Section 1.01 is amended to add the following definition: (9)
     "Deferred Sales Charge" shall mean any deferred sales charge payable in
     accordance with the provisions of Section 3.14 hereof, as set forth in
     the prospectus for a Trust. Definitions following this definition (9)
     shall be renumbered.

          I.   Section 3.05 is hereby amended to add the following paragraph
     after the end thereof: On each Deferred Sales Charge payment date set
     forth in the prospectus for

<PAGE>

                                      -5-

     a Trust, the Trustee shall pay the account created pursuant to Section
     3.14 the amount of the Deferred Sales Charge payable on each such date
     as stated in the prospectus for a Trust. Such amount shall be withdrawn
     from the Principal Account from the amounts therein designated for such
     purpose.

          J.   Section 3.06B(3) shall be amended by adding the following:
     "and any Deferred Sales Charge paid".

          K.   Section 3.08 shall be amended by adding the following at the
     end thereof: "In order to pay the Deferred Sales Charge, the Trustee
     shall sell or liquidate an amount of Securities at such time and from
     time to time and in such manner as the Depositor shall direct such that
     the proceeds of such sale or liquidation shall equal the amount required
     to be paid to the Depositor pursuant to the Deferred Sales Charge
     program as set forth in the prospectus for a Trust.

          L.   Section 3.14 shall be added as follows:

          Section 3.14. Deferred Sales Charge. If the prospectus for a Trust
     specifies a Deferred Sales Charge, the Trustee shall, on the dates
     specified in and as permitted by the prospectus, withdraw from the
     Income Account if such account is designated in the prospectus as the
     source of the payments of the Deferred Sales Charge, or to the extent
     funds are not available in that account or if such account is not so
     designated, from the Principal Account, an amount per Unit specified in
     the prospectus and credit such amount to a special, non-Trust account
     maintained at the Trustee out of which the Deferred Sales Charge will be
     distributed to the Depositor. If the Income Account is not designated as
     the source of the Deferred Sales Charge payment or if the balances in
     the Income and Principal Accounts are insufficient to make any such
     withdrawal, the Trustee shall, as directed by the Depositor, either
     advance funds, if so agreed to by the Trustee, in an amount equal to the
     proposed withdrawal and be entitled to reimbursement of such advance
     upon the deposit of additional monies in the Income Account or the
     Principal Account, sell Securities and credit the proceeds thereof to
     such special Depositor's account or credit Securities in kind to such
     special Depositor's Account. Such directions shall identify the
     Securities, if any, to be

<PAGE>

                                      -6-

     sold or distributed in kind and shall contain, if the Trustee is
     directed by the Depositor to sell a Security, instructions as to
     execution of such sales. If a Unit Holder redeems Units prior to full
     payment of the Deferred Sales Charge, the Trustee shall, if so provided
     in the prospectus, on the Redemption Date, withhold from the Redemption
     Price payment to such Unit Holder an amount equal to the unpaid portion
     of the Deferred Sales Charge and distribute such amount to such special
     Depositor's account or, if the Depositor shall purchase such Unit
     pursuant to the terms of Section 5.02 hereof, the Depositor shall pay
     the Redemption Price for such Unit less the unpaid portion of the
     Deferred Sales Charge. The Depositor may at any time instruct the
     Trustee to distribute to the Depositor cash or Securities previously
     credited to the special Depositor's account.

          M.   Reference to "Dean Witter Select Equity Trust" is replaced by
     "Morgan Stanley Dean Witter Select Equity Trust".

                                      II.

                     SPECIAL TERMS AND CONDITIONS OF TRUST

          The following special terms and conditions are hereby agreed to:

          A.   The Trust is denominated Morgan Stanley Dean Witter Select
Equity Trust Select 10 Industrial Portfolio 2000-6 (the "Select 10 Trust").

          B.   The publicly traded stocks listed in Schedule A hereto are
those which, subject to the terms of this Indenture, have been or are to be
deposited in trust under this Indenture.

          C.   The term "Depositor" shall mean Dean Witter Reynolds Inc.

          D.   The aggregate number of Units referred to in Sections 2.03 and
9.01 of the Basic Agreement is 25,086 for the Select 10 Trust.

          E.   A Unit is hereby declared initially equal to 1/25,086th for the
Select 10 Trust.

<PAGE>

                                      -7-

          F.   The term "In-Kind Distribution Date" shall mean December 13,
2001.

          G.   The term "Record Dates" shall mean June 1, 2001, September 1,
2001 and January 4, 2002 and such other date as the Depositor may direct.

          H.   The term "Distribution Dates shall mean June 15, 2001,
September 15, 2001 and on or about January 11, 2002 and such other date as the
Depositor may direct.

          I.   The term "Termination Date" shall mean January 4, 2002.

          J.   The Depositor's Annual Portfolio Supervision Fee shall be a
maximum of $0.25 per 100 Units.

          K.   The Trustee's Annual Fee as defined in Section 6.04 of the
Indenture shall be $0.72 per 100 Units.

          L.   For a Unit Holder to receive an "in-kind" distribution during
the life of the Trust, such Unit Holder must tender at least 25,000 Units for
redemption. There is no minimum amount of Units that a Unit Holder must
tender in order to receive an "in-kind" distribution on the In-Kind Date or
in connection with a rollover.

          M.   The Indenture is amended to provide that the period during
which the Trustee shall liquidate the Trust Securities shall not exceed 14
business days commencing on the first business day following the In-Kind Date.

              (Signatures and acknowledgments on separate pages)

<PAGE>

                                      -8-

          The Schedule of Portfolio Securities in the prospectus included in
this Registration Statement is hereby incorporated by reference herein as
Schedule A hereto.

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