STATE OF NORTH CAROLINA
COUNTY OF UNION




                          ARTICLE I


PARTIES:

     THIS LEASE, made and entered into this 14th day of
April, 1997, by and between Union Warehouse & Realty Co.
hereinafter called the Lessor, and Hughes Supply, Inc.,
hereinafter called the Lessee, whether one or more:


                         ARTICLE II

LEASED PREMISES:

That subject to the terms and conditions hereinafter set
forth, the Lessor does hereby let and lease unto the Lessee
those certain premises located in the County of Union, State
of North Carolina, and more particularly described as
follows:

607 E. Windsor St.
Monroe, NC 28112

                         ARTICLE III

TERM:

TO HAVE AND TO HOLD the above described premises to the
Lessee for a term of 24 1/2 months beginning on the 14th day
of April, 1997. At the end of this period the Lessee shall
have the option to renew this lease for an additional five
(5) years at the same base rate plus an inflation increase
as calculated by multiplying the Base Rate by the percentage
increase in the Consumer Price Index ("CPI" ) during the
initial term of this lease.

                         ARTICLE IV

RENTAL:

     The rental to be paid during the term of this lease is
two thousand    ($2,000.00) Dollars per month "Base Rate"
beginning April 14, 1997 and ending May 1, 1999.
     During the term of this lease the Lessee shall make all
payments due under the lease payable to Union Warehouse &
Realty Co. Agents for the Lessor at the following address:

PO Box 903
Monroe, NC 28111


                          ARTICLE V

QUIET POSSESSION

The Lessor covenants that it is the lawful owner of the
demised premises and has lawful authority to enter into this
Agreement with Lessee. The Lessor agrees that the Lessee
shall enjoy said premises during said term free from the
adverse claims of any person and enjoy peaceful and quiet
possession so long as Lessee pays the said rent and performs
the other terms and conditions as herein agreed.

The Lessee, at its own expense, shall comply with all rules,
regulations and requirements of the State and City
Governments or of the Government of the United States or of
any of the Departments or Bureaus thereof applicable to the
leased or demised premises for the prevention or abatement
of nuisances or other grievances arising out of the manner
of the occupancy of said premises during said term. Lessee,
at its sole expense, will hold Lessor harmless from all
expenses, judgments, arising damages and assessments,
including legal expenses and attorney's fees, arising out of
any claim, suit, charge, fine or penalty, arising out of
Lessee's use or occupancy of the property let under this
Lease.

Lessor represents and warrants to Lessee that as of the date
of this lease the demised premises is not in violation of
any law, regulation or code, including but not limited to
building code violations. Lessee assumes sole responsibility
for compliance with all workplace safety laws, rules, and
regulations, including, but not limited to State and Federal
OSHA requirements.

TAXES AND INSURANCE

The Lessor will pay all ad valorem taxes assessed against
the demised premises, and will at its own expense cause the
building and improvements located upon said property to be
adequately insured against fire or other casualty.

The Lessee shall provide for all hazard insurance on its own
contents, furniture, fixtures and equipment located in the
leased premises.

The Lessee shall pay all personal property taxes on property
owned by it and located in the leased premises.

                         ARTICLE VII

UTILITIES

During the terms of this lease, the Lessee will pay for all
electricity, heat, water and sewer charges to the extent
that such charges are metered to the demised premises.

                        ARTICLE VIII

MAINTENANCE

The Lessor agrees, at its expense, to maintain and keep in
good repair the roof, principal structure members and
exterior masonry walls of the upon demised premises, and
make any repairs necessitated by defects in the original
construction of the building located upon the demised
premises. The Lessee agrees to make all other repairs,
except repairs to the roof and exterior masonry walls of the
building, including repairs to the air conditioning,
plumbing, heating, electrical wiring and appliances,
painting, glass and all equipment located in the building,
and to keep the same in good condition and state of repair.
Provided, however, that the Lessee shall make all repairs
which are to be made by the Lessor under this Article if
such repairs are occasioned by or through the negligence of
the Lessee. The Lessee will keep the grounds of the demised
premises in a neat and presentable condition.

The Lessee further agrees that upon termination of the lease
it will surrender the said premises in as good order and
condition as they were at the beginning of the lease,
ordinary wear and tear excepted; and the Lessee further
covenants and agrees that it will make no unlawful or
offensive use of the premises.

                         ARTICLE IX

LIABILITY INSURANCE

The Lessee further agrees to hold the Lessor harmless from
any loss, cost, damage or expenses arising out of any
accident or other occurrence causing injury to any person or
property and due directly or indirectly to the use or
occupancy of said premises by the Lessee, and the Lessee
shall, at its own expense, carry liability insurance in the
amount of One Hundred Thousand Dollars ($100,000.00) for
injury to one person, Three Hundred Thousand Dollars
($300,000.00) for injury to more than one person, arising
out of one accident or occurrence and Fifty Thousand Dollars
($50,000.00) for property damage, in a good and responsible
insurance company authorized to do business in the State of
North Carolina which will insure and indemnify the Lessor
and Lessee against such loss or liability for loss, damage,
or expenses, and deliver such policies of insurance, or
certificates, therefor to Lessor. Said policies shall name
the Lessor as an insured, as its interest may appear.

                          ARTICLE X

LIENS

Lessee shall commit no act which would create a lien on the
Lessor's property Any lien filed as a result of action by
the Lessee will be promptly discharged and canceled at the
sole expense of the Lessee.

                         ARTICLE XI

LESSEE'S DEFAULT

It is expressly agreed that if any monthly installment or
rent is not paid on the due date as herein called for, or
within 30 days after written notice from Lessor, then the
Lessor may, after giving the Lessee thirty (30) days'
written notice of such default, declare this lease
terminated and canceled and may take possession of said
premises without prejudice to any other remedies it may
have.

If there be any other default by the Lessee in the
stipulations, agreements and covenants herein contained, and
if the Lessee fails to comply with any of the provisions of
this Agreement and Lease, the Lessor shall give the Lessee
notice of such default, and if the Lessee shall fail to
comply with such stipulations, agreements and covenants
within thirty (30) days after such notice, then it shall be
lawful for the Lessor to re-enter the premises hereby
leased, and all requirements of notice are waived by Lessee,
and Lessor reserves all other legal remedies.

It is expressly agreed that if, at any time during the term
of the lease, the Lessee shall be adjudged bankrupt or
insolvent by any federal or state court of competent
jurisdiction, the Lessor may, at its option, declare this
lease terminated and canceled and take possession of said
premises.

                         ARTICLE XII

INSPECTIONS

The Lessee agrees that the Lessor, its agents or other
representatives, shall have the right without abatement of
rent, to enter into and upon such premises, or any part
thereof, at all reasonable times for the purpose of
examining the same so long as such inspections do not
unreasonably interfere with the conduct of Lessee's business
on the demised premises.


                        ARTICLE XIII

PERSONAL PROPERTY AND FIXTURES

All personal property placed on the demised premises, or any
part thereof, shall be at the risk of the Lessee or owners
of such personal property, and Lessor shall not be liable
for any loss or damage to said personal property or to the
Lessee for any cause whatsoever not attributable to or
caused by defects in the original construction of the
building.

The Lessee shall have the right and privilege upon the
termination of this lease to remove from the demised
premises all trade fixtures installed by it, provided it be
not in default hereunder and in so doing the Lessee shall
repair all damage to said building that may have been caused
by the installation or removal thereof; and it will
surrender the demised premises in as good order and
condition as they were at the beginning of the term hereof,
ordinary wear and tear and damage by fire or other casualty
beyond the control of the Lessee excepted; provided,
however, that any partitions or other additions or
improvements in said building at Lessors option shall be and
remain the property of the Lessor.

                         ARTICLE XIV

DESTRUCTION

It is agreed between the parties hereto that if the premises
hereby let shall be destroyed or damaged by fire or other
casualty so as to become substantially untenantable, then if
the Lessor shall by writing, to be delivered to the Lessee
within ten days after such damage or destruction, elect to
rebuild or repair said premises, commencing within fifteen
days after such election to putting the premises in as good
condition as they were at the time of destruction or damage,
and, for that purpose may enter said premises and the rent
shall abate during time said premises are untenantable, but
if the Lessor does not elect as aforesaid to rebuild or
repair, and in any event such building or repairs are not
completed within One Hundred Twenty days after the date of
such fire or casualty, then the Lessor shall have possession
of said premises hereby let, and Lessee shall surrender and
deliver to the Lessor such possession and this Lease shall
become void, and the term hereby ended, and upon delivery
and surrender being made or upon recovery of said premises
by the Lessor, the obligation to pay rental shall cease.

It is agreed between the parties hereto that if the premises
hereby let shall be damaged by fire, but not to the extent
of becoming untenantable, then in that case the Lessor shall
rebuild or repair the premises within ninety days time, and
the rental during such time shall be proportionately abated;
provided, however, that the Lessor is able at that time to
obtain the necessary materials, and in the event such
materials are not available within a reasonable time, the
Lessee may terminate this Lease.

                         ARTICLE XV

CONDEMNATION

If the whole or substantial portion of the demised premises
is taken by any governmental agency or corporation vested
with the right of exercise of eminent domain, whether such
taking be effected by Court action or by settlement with the
agency exercising or threatening to exercise such power and
if the property so taken renders the remainder of said
property unfit for the use thereof by Lessee, then the
Lessee shall have the option to terminate this lease, which
option must be exercised within sixty (60) days of such
taking. If the Lessee shall not so elect to terminate' or if
the taking does not interfere with Lessee's use of the
premises to the extent that Lessee does not have an option
to terminate, there shall be a permanent reduction of the
annual rental based upon the nature and extent of the
taking.

                         ARTICLE XVI

SIGNS

The Lessee shall have the right to erect signs relating to
its business activities. The care and maintenance of such
signs shall be the responsibility of the Lessee and shall
remain the property of the Lessee. Signs must comply with
all applicable Federal, State and local codes, ordinances
and restrictions.

It is further agreed that the Lessee shall not paint on the
outside walls of the building any signs and that if the
Lessee erects any sign or signs on the building, that it
will repair any damage to the building occasioned by the
removal of such signs.

The Lessor or its designated agent shall have the privilege
of installing a "for lease" and/or "for sale" sign on the
leased premises during the last 90 days of the lease term or
any extension thereof and shall have the privilege of
showing the leased premises to prospective lessees or
purchasers during such 90 day period.

                        ARTICLE XVII

ASSIGNMENT AND SUBLETTING

The Lessee shall not assign this lease, or sublet any
portion of the demised premises without the written consent
of Lessor, which consent shall not be unreasonably withheld;
and in the event of such subletting or assignment, the
Lessee shall remain bound under all obligations hereunder.

In the event the Lessor at any time in writing consents to
the assignment of this lease or to the subletting of the
whole or any part of the demised premises, such assignment
or sublease shall be in writing and shall be subject to the
following conditions:

(a) That the said assignee or sub-lessee by an instrument in
writing in recordable form shall assume and agree to keep,
observe and perform all of the agreements, conditions,
covenants and term of this lease on the part of the Lessee
to be kept, observed and performed, and shall be, and become
jointly and severally liable with the Lessee for
non-performance thereof;

(b) That a duplicate-original of such instrument of
assignment or sublease and assumption shall be delivered to
the Lessor as soon as such assignment or sublease and
assumption shall have been executed and delivered; and

(c) That no further or additional assignment of this lease
or sublease shall be made except upon compliance with the
provisions of this Article.

                        ARTICLE XVIII

CHANGES BY LESSEE

It is agreed that the Lessee shall make no changes in the
building without the written permission of the Lessor,
except as herein specified.

                         ARTICLE XIX

SUBORDINATION OF LEASE

This lease, its terms and conditions, and all leasehold
interest and rights hereunder, are expressly made given and
granted subject and subordinate to the lien of any lending
institution mortgage or deed of trust now or hereinafter
imposed upon all or any part of the demised premises, and
Lessee agrees to execute and deliver to the Lessor, its
successors, or assigns or to any other person or corporation
designated by the Lessor, any instrument or instruments
requested by the Lessor consenting to any such mortgage or
trust deed placed upon the premises and subordinating this
lease thereto.

In the event of subordination, all rights of Lessee under
this lease shall be fully preserved and protected as long as
Lessee complies with all the covenants or conditions herein
assumed by it.

                         ARTICLE XX

ATTORNEYS FEES

In case suite be brought for the recovery of any rent due
under the provisions of this Lease, or because of the breach
of any other covenant herein contained, the prevailing party
shall be entitled to recover from the non-prevailing party
its reasonable attorneys fees and costs through all trial
levels, appeals and in bankruptcy.

                         ARTICLE XXI

HAZARDOUS WASTE

Lessor represents to Lessee that the demised premises is not
contaminated with any hazardous waste or hazardous material
as of the date of this Lease. Lessee agrees not to use the
demised premises to generate, manufacture treat, store or
dispose of any hazardous waste or hazardous substances and
not to release any hazardous materials or hazardous
substances onto the demised premises.

                        ARTICLE XXII

BROKERS

Lessor and Lessee represent each to the other that neither
Lessee nor Lessor has entered into any agreement or economic
relationship, or incurred any obligation which might result
in the obligation or the other party to pay a brokerage
commission, finders fee or similar fee. Lessor or Lessee, as
the case may be' shall indemnify, defend and hold harmless
the other from any claims, demands or judgments arising by
reason of any breach of the foregoing representation.

                        ARTICLE XXIII

COMPLETE AGREEMENT

This written lease contains the entire agreement between the
parties, and it shall not be altered or modified except in
writing signed by the parties hereto.

                        ARTICLE XXIV

DISPUTE RESOLUTION

Any dispute arising under this Lease Agreement must be
submitted to mediation before the filing of any suit by
either party. The mediator must be one qualified under the
standards established by the North Carolina Supreme Court
or, by agreement of the parties, a person qualified under
any national or state mediation/arbitration service, who is
unbiased and has no present or past business, professional,
or personal association with the parties or potential
witnesses, their agents or employees. Cost of mediation
shall be borne equally by the parties.

After mediation, if the dispute is unresolved, suit must be
filed in the county in which the leased premises are located
and the laws of North Carolina shall apply on all issues.

                         ARTICLE XXV

NOTICES

All notices required to be given under this lease shall be
forwarded by registered or certified mail as follows:

TO THE LESSOR:

Union Warehouse & Realty Co.
PO Box 903
Monroe, NC 28111

TO THE LESSEE:

Hughes Supply, Inc.
20 N. Orange Ave., Suite 200
Orlando, FL 32801

Such address may be changed from time to time by either
party by serving notice as above provided.

EXECUTION

IN WITNESS WHEREOF the parties hereto have caused the due
execution of this instrument by their officers hereunto duly
authorized and their corporate seals hereto affixed, as of
the day and year first above written.

Two Witnesses

_____________________________ HUGHES SUPPLY, INC.

_____________________________ By:  /s/ A. S. Hall, Jr.
                              President

     (CORPORATE SEAL)                        LESSEE

                              Attest:  /s/ Benjamin P. Butterfield
                              Assistant Secretary


Two Witnesses

_____________________________ UNION WAREHOUSE & REALTY CO.
_____________________________ By:  /s/ James C. Plyler
                              President


     (CORPORATE SEAL)                        LESSOR

                              Attest:  /s/ J. W. Edney
                              Secretary


STATE OF: North Carolina
COUNTY: Union

     This 23rd day of April, 1997, personally came before me
James C. Plyler who, being by me duly sworn, says that he is
the President of Union Warehouse & Realty Co., and that the
seal affixed to the foregoing instrument in writing is the
corporate seal of the company, and that said writing was
signed and sealed by him in behalf of said corporation, by
its authority duly given.  And the said James C. Plyler
acknowledged the said writing to be the act and deed of said
corporation.


                              /s/ Lucille H. Long
                              Notary Public

My Commission Expires:
        2/27/99


STATE OF: North Carolina
COUNTY OF: Union


     I, Lucille H. Long, Notary Public, certify that J. W.
Edney personally came before me this day and acknowledged
that he is Secretary of Union Warehouse & Realty Co., a
corporation, and that by authority duly given and as the act
of the corporation, the foregoing instrument was signed in
its name by its President, sealed with its corporate seal,
and attested by himself as its Secretary.

     Witness my hand and official seal, this 23rd day of
April, 1997.





My Commission Expires:
        2/27/99
                              /s/ Lucille H. Long
                              Notary Public