Exhibit 4.7


                                 AMENDMENT NO. 2
                                     to the
                            INVACARE CORPORATION 1994
                                PERFORMANCE PLAN

     Invacare  Corporation  hereby  adopts  Amendment  No.  2  to  the  Invacare
Corporation  1994  Performance Plan (the "Plan") pursuant to the following terms
and provisions:

                  1. Section 4(a) of the Plan is hereby  deleted and restated in
its  entirety to read as follows,  subject to  shareholder  approval at the 2000
Annual Meeting of Shareholders:

                  "(a) Number of Common Shares.  The aggregate  number of Common
                  Shares that may be subject to Awards, including Stock Options,
                  granted  under this Plan  during the term of this Plan will be
                  equal  to Five  Million,  Five  Hundred  Thousand  (5,500,000)
                  Common Shares,  subject to any adjustments  made in accordance
                  with the terms of this Section 4.

                           The  assumption of  obligations  in respect of awards
                  granted by an  organization  acquired by the  Company,  or the
                  grant of Awards under this Plan in  substitution  for any such
                  awards,  will not reduce the number of Common Shares available
                  in any fiscal year for the grant of Awards under this Plan.

                           Common Shares  subject to an Award that is forfeited,
                  terminated,  or canceled  without having been exercised (other
                  than Common Shares  subject to a Stock Option that is canceled
                  upon the exercise of a related Stock Appreciation  Right) will
                  again be available for grant under this Plan, without reducing
                  the number of Common  Shares  available in any fiscal year for
                  grant of Awards under this Plan, except to the extent that the
                  availability  of those Common  Shares would cause this Plan or
                  any Awards  granted under this Plan to fail to qualify for the
                  exemption  provided by Rule  16b-3.  In  addition,  any Common
                  Shares   which  are   retained  to  satisfy  a   Participant's
                  withholding  tax  obligations or which are  transferred to the
                  Company by a Participant to satisfy such obligations or to pay
                  all or any  portion  of the  exercise  price  of the  Award in
                  accordance with the terms

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                  of the Plan, the Award  Agreement or the Notice of Award,  may
                  be  made  available  for  reoffering  under  the  Plan  to any
                  Participant,  except to the extent  that the  availability  of
                  those  Common  Shares  would  cause  this  Plan or any  Awards
                  granted  under this Plan to fail to qualify for the  exemption
                  provided by Rule 16b-3."

         IN WITNESS WHEREOF,  Invacare Corporation,  by its appropriate officers
duly  authorized,  has executed  this  instrument as of the 3rd day of February,
2000.

                                   INVACARE CORPORATION


                             By:   /S/ A. Malachi Mixon, III
                                   -------------------------
                                   A. Malachi Mixon, III, Chairman of the Board,
                                   President and Chief Executive Officer




                             By:   /S/ Thomas R. Miklich
                                   ---------------------
                                   Thomas  R.   Miklich,   Chief Financial
                                   Officer,   General   Counsel, Treasurer
                                   and Corporate Secretary


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