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                                                                   EXHIBIT 10.1



           STEWART INFORMATION SERVICES CORPORATION AND SUBSIDIARIES

                               MATERIAL CONTRACTS
                               DECEMBER 31, 1998



STEWART MORRIS, JR., as Chairman of the Board, shall receive in addition to his
salary, 1% on the first $20,000,000 of the consolidated income before taxes of
Stewart Title Guaranty Company as reported to its stockholders and .75% of the
profits exceeding $20,000,000. For the calendar year 1998, Mr. Morris shall
receive no less that $125,000 in bonus compensation and his total compensation
from base salaries and bonuses shall not exceed $500,000. For the calendar year
1998, Mr. Morris received $370,000 in bonus compensation. Total compensation
shall exclude payments made by the company for insurance premiums, board fees
or stock options granted.

MALCOLM S. MORRIS, as President and Chief Executive Officer, shall receive in
addition to his salary, 1% on the first $20,000,000 of the consolidated income
before taxes of Stewart Title Guaranty Company as reported to its stockholders
and .75% of the profits exceeding $20,000,000. For the calendar year 1998, Mr.
Morris shall receive no less that $125,000 in bonus compensation and his total
compensation from base salaries and bonuses shall not exceed $500,000. For the
calendar year 1998, Mr. Morris received $370,000 in bonus compensation. Total
compensation shall exclude payments made by the company for insurance premiums,
board fees or stock options granted.

CARLOSS MORRIS, as Chairman of the Executive Committee, shall receive in
addition to his salary, 1% of the first $20,000,000 of the consolidated income
before taxes of Stewart Title Guaranty Company as reported to its stockholders
and .75% of the profits exceeding $20,000,000. For the calendar year 1998, Mr.
Morris shall receive no less than $125,000 in bonus compensation and his total
compensation from base salaries and bonuses shall not exceed $500,000. For the
calendar year 1998 Mr. Morris received $365,000 in bonus compensation. Total
compensation shall exclude any insurance premiums, board fees or stock options
granted.

STEWART MORRIS, as Vice Chairman of the Executive Committee, shall receive in
addition to his salary, 1% of the first $20,000,000 of the consolidated income
before taxes of Stewart Title Guaranty Company as reported to its stockholders
and .75% of the profits exceeding $20,000,000. For the calendar year 1998, Mr.
Morris shall receive no less than $125,000 in bonus compensation and his total
compensation from base salaries and bonuses shall not exceed $500,000. For the
calendar year 1998 Mr. Morris received $365,000 in bonus compensation. Total
compensation shall exclude any insurance premiums, board fees or stock options
granted.

MAX CRISP, as Vice President - Finance, shall receive in addition to his
salary, .4% of the consolidated income before taxes of Stewart Title Guaranty
Company as reported to its stockholders. For the calendar year 1998, Mr. Crisp
shall receive no less than $68,000 in bonus compensation and his total
compensation from base salaries and bonuses shall not exceed $425,000. For the
calendar year 1998 Mr. Crisp received $285,000 in bonus compensation. Total
compensation shall exclude any insurance premiums, board fees or stock options
granted.