The Gehl Company Retirement Income Plan "B" is amended in the following
respects:

     1.   Section 2.01(p) is amended by the addition of the following at the end
          thereof: A "leased employee" for this purpose is any person (other
          than a common law employee of the Company) who, pursuant to an
          agreement between the Company and any other person, has performed
          services for the Company (or for the Company and related persons
          determined in accordance with Code Section 414(n)(6)) on a
          substantially full-time basis for a period of at least one year, if
          such services are performed under the primary direction of or control
          by the Company.

     2.   Section 5.09(b) is amended by revising the first sentence thereof to
          read as follows: For purposes of converting from a periodic form of
          payment to a lump sum form of payment under Section 5.08 or 10.06
          hereof, the present value shall be based upon the applicable mortality
          table (i.e., prior to December 31, 2002, the 1983 Group Mortality
          Table blended 50% male and 50% female and after December 30, 2002, the
          table specified by the Internal Revenue Service from time to time) and
          using the applicable interest rate pursuant to Code Section 417(e)(3)
          for the month of November preceding the Plan Year in which the
          distribution occurs.

     3.   Section 10.10 is amended by the addition of the following at the end
          thereof:

          For this purpose, "compensation" shall mean compensation as determined
          pursuant to Treasury Regulations section 1.415-2(d)(11)(i), increased
          by any salary reductions pursuant to Code Section 125, 132(f), and
          402(e)(3).

     4.   Section 10.12 is amended by the addition of the following at the end
          thereof:

          The definition of "compensation" in Section 10.10 shall apply
          retroactively from and after January 1, 1998 (January 1, 2000 with
          respect to Code Section 132(f)).