1
                                                                   EXHIBIT 10.26

                               FIRST AMENDMENT TO
                     SECOND MASTER BENEFIT TRUST AGREEMENT


         THIS AMENDMENT is being executed as of the 22nd day of December, 1994
by BANK ONE TRUST COMPANY, N.A. (the "Trustee") and THE DURIRON COMPANY, INC.
(the "Company") under the following circumstances:

                          A.      The Company and Bank One, Dayton entered into
                    a Second Master Benefit Trust Agreement (the "Trust") on
                    October 1, 1987.

                          B.      The Trustee is the successor to Bank One, 
                    Dayton and is currently serving as Trustee under the Trust.

                          C.      As permitted by Section 13.2 of the Trust, 
                    the Company and the Trustee desire to amend the Trust as 
                    follows.

                    NOW THEREFORE, the Company and the Trustee agree as follows:

                    1.    The Trust is hereby amended by adding the following
         as new Section 5.5:

                          "5.5 RIGHT TO SUBSTITUTE ASSETS.  The Company shall
                          have the right at any time, and from time to time in
                          its sole discretion, to substitute assets of equal
                          fair market value for any asset held by the Trust
                          Fund.  This right is exercisable by the Company in a
                          non-fiduciary capacity without the approval or
                          consent of any person in a fiduciary capacity."

                    2.    The first sentence of Section 8.2(a) shall be deleted
         and replaced in its entirety by the following sentence:

                           "(a)  Invest and reinvest the Trust Fund in
                          securities or other property, real or personal,
                          wherever located, and whether or not productive of
                          income, which Trustee believes is advisable,
                          including capital, common and preferred shares of
                          stock (including, if directed by the Company,
                          investment in shares of stock or other securities
                          issued by the Company, the Trustee or any other
                          entity related through common ownership to the
                          Trustee); personal, corporation and governmental
                          obligations, whether or not secured; mortgages,
                          leaseholds, fees and other interests in realty; oil,
                          gas or mineral properties, rights, royalties,
                          payments or other interests in that property;
                          contracts, conditional sale agreements, choses in
                          action; trust and participation certificates, or
                          other evidences of ownership, part ownership,
                          interest or part interest."

                    3.    Section 8.2(g) of the Trust is hereby amended to
         delete the words "the Company," from the fifth and sixth lines of such
         section.





                                       51
   2
                    4.    Except as specifically amended hereby, the Trust
         shall remain in full force and effect.

                    IN WITNESS WHEREOF, the Company and the Trustee have caused
         this instrument to be executed by their duly authorized officers as of
         the day and year first written above.


THE DURIRON COMPANY, INC.                  BANK ONE, DAYTON, N.A.



By:  /s/ Ronald F. Shuff                   By:  /s/ Louis W. Feldmann, III
     ________________________                   __________________________ 
     Ronald F. Shuff                            Louis W. Feldmann, III 
     Vice President, Secretary                  Vice President
       and General Counsel





                                       52