RACING CHAMPIONS ERTL CORPORATION Building C, Suite 320 800 Roosevelt Road Glen Ellyn, IL 60137 April 26, 2002 Curt Stoelting, Chief Operating Officer Racing Champions Ertl Corporation Building C, Suite 320 800 Roosevelt Road Glen Ellyn, IL 60137 Dear...

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                                 April 26, 2002


▇▇▇▇  ▇▇▇▇▇▇▇▇▇,  Chief  Operating  Officer
Racing  Champions  Ertl  Corporation
Building  C,  Suite  320
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Dear  ▇▇▇▇:

     You currently are a party to an employment agreement dated October 20, 2000
with Racing Champions Ertl Corporation.  The agreement is scheduled to expire on
April 30, 2002.  We hereby agree that the agreement shall be extended until July
31,  2002.  All  other  terms  of  the  agreement shall remain in full force and
effect.

                                           Yours  very  truly,

                                           RACING  CHAMPIONS  ERTL  CORPORATION


                                           BY    /s/   ▇▇▇▇▇▇  ▇.  ▇▇▇▇
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Acknowledged  and  agreed  to
this  30th  day  of  April,  2002


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