EXHIBIT 10.1(o)(1)

                             AMENDMENT NO. 1 TO THE
                           UNIVERSAL FOODS CORPORATION
           INCENTIVE COMPENSATION PLAN FOR ELECTED CORPORATE OFFICERS

      WHEREAS, Universal Foods Corporation d/b/a Sensient Technologies
Corporation (the "Company") sponsors the Universal Foods Corporation Incentive
Compensation Plan for Elected Corporate Officers (the "Plan"), which was
approved by the shareholders of the Company on January 27, 2000 to restate and
replace the Universal Foods Corporation Management Incentive Plan for Elected
Corporate Officers; and

      WHEREAS, the Company's fiscal year has changed to the calendar year; and

      WHEREAS, the Company has changed its name to Sensient Technologies
Corporation, subject to shareholder approval at the annual meeting of
shareholders scheduled to be held in April 2001; and

      WHEREAS, the Company wishes to amend the Plan to reflect such changes and
other matters relating thereto.

      NOW, THEREFORE, the Plan is hereby amended as follows effective as of the
dates noted below:

      1. Effective as of November 6, 2000, this Plan shall be known as the:
"Sensient Technologies Corporation Incentive Compensation Plan For Elected
Corporate Officers".

      2. Effective as of November 6, 2000, the first sentence of Section I. is
amended in its entirety to read as follows:

            "The name of this Plan is the Sensient Technologies Incentive
            Compensation Plan for Elected Corporate Officers (formerly known as
            the Universal Foods Corporation Incentive Compensation Plan for
            Corporate Officers)."

      3. Effective as of November 6, 2000, paragraph A. of Section II. is
amended by replacing the reference to "Universal Foods Corporation" with "the
Company".

      4. Effective as of as of November 6, 2000, Paragraph E. of Section II. is
amended to read:

      "E.   'Company' means Universal Foods Corporation d/b/a Sensient
            Technologies Corporation, and effective upon approval of the
            shareholders, to be known as Sensient Technologies Corporation."

      5. Effective as of January 1, 2000, a new paragraph G. is added to Section
II. to read as follows:


      "G.   'Fiscal Year' means: (i) for the period on or after January 1, 2000,
            each twelve (12) consecutive month period beginning on January 1 and
            ending on December 31; (ii) for the period on or after October 1,
            1999 and before January 1, 2000, the three (3) consecutive month
            period beginning on October 1, 1999 and ending on December 31, 1999;
            and (iii) for the period prior to October 1, 1999, each twelve (12)
            consecutive month period beginning on October 1 and ending the
            following September 30."

      6. Effective as of January 1, 2000, paragraphs originally designated G.,
H., I., J., K. and L. of Section II. are re-designated as paragraphs H., I., J.,
K., L. and M., respectively.

      7. Effective as of January 1, 2000, paragraph H. of Section II. is amended
in its entirety to read follows:

      "H.   'Fiscal Year Salary' means the base pay earned by a Participant
            during the relevant Fiscal Year, exclusive of any incentive
            compensation or supplemental payments by the Company."

      8. Effective as of November 6, 2000, paragraph L. of Section II. is
amended in its entirety to read as follows:

      "L.   'Plan' means this Sensient Technologies Corporation Incentive
            Compensation Plan for Elected Corporate Officers."

      IN WITNESS WHEREOF, this Amendment has been duly executed this 12th day of
December, 2000.

                                        UNIVERSAL FOODS CORPORATION
                                        d/b/a SENSIENT TECHNOLOGIES CORPORATION


                                        By: /s/ Richard Carney
                                            ------------------------------------


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