EXHIBIT 10c3 AMENDMENT TO TRUST AGREEMENT THIS AMENDMENT, made as of the 1st day of November, 1993, among AMERICAN BRANDS, INC., a Delaware corporation (the "Company"), THE CHASE MANHATTAN BANK (National Association), incorporated under the laws of the United States of America (the "Trustee") and HEWITT ASSOCIATES, a partnership formed under the laws of Illinois ("Hewitt") W I T N E S S E T H : WHEREAS, the Company and the Trustee have entered into a Trust Agreement for the purpose of establishing a trust in order to provide a source of benefits under the terms of the Company's Supplemental Retirement Plan for the benefit of William J. Alley and Hewitt is designated as Trustee's Contractor thereunder; and WHEREAS, the Trust Agreement sets forth the permitted investments of the assets held thereunder and it is desired to change the permitted investments; NOW, THEREFORE, in consideration of the premises, the parties agree that the third sentence of Section 5.2 of the Trust Agreement is hereby amended to read as follows: "The investment manager shall invest the assets of the Fund solely in The Chase Manhattan Bank Fixed Income Fund to the extent practicable and otherwise in The Chase Manhattan Bank Personal Trust Market Rate Account." IN WITNESS WHEREOF, the parties have caused this AMENDMENT to be duly executed as of the day and year first written above. AMERICAN BRANDS, INC. Attest: Theresa B. Fealey Steven C. Mendenhall - ----------------------- By------------------------ Assistant Secretary Steven C. Mendenhall Vice President and Chief Administrative Officer THE CHASE MANHATTAN BANK Attest: Mark W. Moore William P. Barbeosch - ----------------------- By------------------------ Assistant Treasurer William P. Barbeosch Vice President HEWITT ASSOCIATES Witness: Peter E. Ross C.L. Connolly, III - ----------------------- By------------------------ I hereby consent to the foregoing AMENDMENT. Witness: Steven C. Mendenhall William J. Alley - ----------------------- By------------------------ William J. Alley 2 STATE OF CONNECTICUT ) : ss.: Old Greenwich, CT-November 9, 1993 COUNTY OF FAIRFIELD ) Personally appeared Steven C. Mendenhall, Vice President and Chief Administrative Officer of AMERICAN BRANDS, INC., signer and sealer of the foregoing instrument, and acknowledged the same to be his free act and deed as such Vice President and Chief Administrative Officer and the free act and deed of said Corporation, before me. Louis F. Fernous, Jr. ----------------------------------- Notary Public STATE OF NEW YORK ) : ss.: New York, NY-November 24, 1993 COUNTY OF NEW YORK ) Personally appeared William P. Barbeosch, Vice President of THE CHASE MANHATTAN BANK, signer and sealer of the foregoing instrument, and acknowledged the same to be his free act and deed as such Vice President and the free act and deed of said Company, before me. Kamla Jaipal ----------------------------------- Notary Public STATE OF ) : ss.: , -November , 1993 COUNTY OF ) Personally appeared , of HEWITT ASSOCIATES, signer and sealer of the foregoing instrument, and acknowledged the same to be his free act and deed as such and the free act and deed of said Corporation, before me. ----------------------------------- Notary Public STATE OF CONNECTICUT ) : ss.: Old Greenwich, CT-November 18, 1993 COUNTY OF FAIRFIELD ) Personally appeared William J. Alley, signer of the foregoing instrument, and acknowledged the same to be his free act and deed, before me. Louis F. Fernous, Jr. ----------------------------------- Notary Public STATE OF ILLINOIS ) : ss.: Lincolnshire, IL -November 19, 1993 COUNTY OF LAKE ) Personally appeared C.L. Connolly, III, Partner of HEWITT ASSOCIATES, signer and sealer of the foregoing instrument, and acknowledged the same to be his free act and deed as such Partner and the free act and deed of said Partnership, before me. Barbara L. Stern ----------------------------------- Notary Public