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                                                                Exhibit 10.1

                     CENTRAL EUROPEAN MEDIA ENTERPRISES LTD.
                               18 D'Arblay Street
                             London WIV 3FP England


                                 January 1, 1997


Mr. Andrew Gaspar
President
Bukfenc Inc.
122 Salem Road
Roslyn, NY 11577

Dear Mr. Gaspar:

         In connection with the Services Agreement between Central European
Media Enterprises Ltd. dated as of July 29, 1994, as extended by letter
agreement dated October 23, 1996, this will reflect our agreement to amend
Section 1.1 of such Services Agreement.

         We agree that Section 1.1 of the Services Agreement shall be amended to
read as follows:

                  "Section 1.1. The Corporation engages Bukfenc, and Bukfenc
         hereby accepts such engagement to act as the Corporation's Agent, to
         make available to the Corporation the services of its employee, Gaspar,
         to perform for the Corporation such functions as are designated by the
         Board of Directors of the Corporation and, in addition, to serve as an
         officer and/or director of subsidiaries of the Corporation. Gaspar's
         duties shall include assisting in the planning and implementation of
         financial strategies for the Corporation and its subsidiaries as well
         as the planning and the implementation of overall organizational
         strategies for the Corporation and its subsidiaries. The Corporation
         authorizes Bukfenc, for the Corporation's account and on its behalf, to
         perform any lawful act and do everything lawful and necessary or
         desirable in order for Bukfenc to perform under this Agreement.

         Please indicate your approval of this amendment by signing below and
returning this letter to me.

                                      Sincerely,


                                      Leonard Fertig
                                      Chief Executive Officer

AGREED AND ACCEPTED:

BUKFENC INC.



Andrew Gaspar, President