AMENDMENT NO. 4 DATED AS OF JANUARY 29, 1994
                      TO EXECUTIVE SERVICES AGREEMENT


     AGREEMENT dated as of January 29, 1994 between WABAN INC. ("Waban")
and THE TJX COMPANIES, INC. ("TJX").

     Waban and TJX entered into an Executive Services Agreement dated as of
June 1, 1989, as amended by Amendment dated as of January 26, 1991,
Amendment No. 2 dated as of January 25, 1992, and Amendment No. 3 dated as
of January 30, 1993, (the "Executive Services Agreement") with respect to
the services of Arthur Loewy (the "Executive").  The parties desire to
amend the Executive Services Agreement to reflect the amendment, dated as
of the date hereof, of the Employment Agreement dated as of June 1, 1989
between the Executive and TJX.

     In consideration of the premises and for other valuable consideration,
receipt of which is hereby acknowledged, the parties agree as follows:

     1.   The first paragraph of the Executive Services Agreement is hereby
amended by adding the words "and January 29, 1994" after the words
"Agreement (as amended January 26, 1991, January 25, 1992 and January 30,
1993" on the first line thereof.

     2.   The second paragraph of the Executive Services Agreement is
hereby amended by deleting the date "January 29, 1994" from the tenth line
thereof and substituting therefor the date "January 28, 1995".

     3.   Section (d) of the Executive Services Agreement is hereby amended
by deleting the date "January 29, 1994" from the second and third lines
thereof and substituting therefor the date "January 28, 1995".

     Except to the extent specifically amended hereby, the provisions of
the Executive Services Agreement shall remain unmodified, and the Executive
Services Agreement as amended hereby is hereby confirmed as being in full
force and effect.

     WITNESS the due execution by the parties hereto.


                                   WABAN INC.

                              By:  /s/ Herbert Zarkin       
                                   Herbert Zarkin


                                   THE TJX COMPANIES, INC.

                              By:  /s/ Bernard Cammarata    
                                   Bernard Cammarata