SECRETARY'S CERTIFICATE The undersigned, being the duly appointed and acting Secretary of AnnTaylor Stores Corporation (the "Corporation"), hereby certifies that the following resolutions were duly adopted by the Board of Directors of the Corporation at a meeting duly held on August 11, 1995 at which a quorum was at all times present, and that such resolutions have not been amended, modified or rescinded and remain in full force and effect as of the date hereof: RESOLVED, that the AnnTaylor Stores Corporation Deferred Compensation Plan (the "Plan") be and hereby is amended to provide that (1) the Plan shall commence and be effective as of September 1, 1995, (2) deferrals of compensation may be made in whole percentages only, and (3) for the 1995 Plan Year, incentive compensation attributable to the "incentive compensation period" commencing in August 1995 shall be included as Incentive Compensation that may be deferred under the Plan; and be it further RESOLVED, that the officers of the Corporation are authorized and directed to modify the Plan document to incorporate and give effect to the amendments to the Plan adopted by the Board of Directors on the date hereof. IN WITNESS WHEREOF, the undersigned has executed this Certificate on behalf of AnnTaylor Stores Corporation the 11th day of August, 1995. ________________________ Jocelyn F.L. Barandiaran Secretary doc\cerif