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                                                                    June 5, 1995



Mr. Emery H. White
23834 Village Blacksmith Road
San Antonio, Texas 78255

Dear Mr. White:

                 In connection with your entering into an employment agreement
with Moore-Handley, Inc., a Delaware corporation (the "Company"), this will
confirm that the Company will reimburse you for all reasonable moving expenses
incurred or paid by you in connection with relocating from San Antonio, Texas
to Birmingham, Alabama, upon presentation of expense statements or vouchers and
such other information as the Company may require.  In addition, the Company
will reimburse you for any loss (defined as the excess of  your cost basis over
the sales proceeds, net of closing costs) you may sustain on resale of your
principal residence in San Antonio, Texas up to an aggregate amount not to
exceed $45,000, upon presentation of such evidence of your cost basis in such
residence and the sales price obtained therefor, net of closing costs as the
Company may require.


                                            Very truly yours,

                                            MOORE-HANDLEY, INC.


                                            By: /s/ William Riley        
                                                -----------------------------
                                                Name:  William Riley
                                                Title:  Chairman of the Board