AMENDMENT AGREEMENT NO. 1


                          AMENDMENT AGREEMENT NO. 1 dated as of June 15,
                 1995 amending Lease Supplement No. One to the Equipment
                 Leasing Agreement dated as of December 15, 1994 between
                 BOT Financial Corporation ("Lessor") and LADD
                 Furniture, Inc. ("Lessee") (said Equipment Leasing
                 Agreement as amended and supplemented from time to time
                 herein called the "Agreement").  All capitalized terms
                 which are not otherwise defined herein shall have the
                 meaning given to such terms in the Agreement.

                          WHEREAS, due to an invoicing error certain
                 amounts of the Acquisition Cost of various Items of
                 Equipment were not indicated on Lease Supplement No.
                 One on the execution date thereof.

                          WHEREAS, Lessee has paid such mounts to the
                 vendors entitled thereto, respectively, and Lessor and
                 Lessee agree that Lessor shall refund such amounts to
                 Lessee.

                          WHEREAS, Lessor and Lessee desire to amend the
                 amount of Acquisition Cost and Rent payable indicated
                 on Lease Supplement No. One to reflect such amounts
                 paid by Lessor to Lessee.

                          NOW, THEREFORE, in consideration of the
                 foregoing, and of the mutual covenants contained
                 herein, Lessee and Lessor do hereby agree s follows:

                          1.      Paragraph 3 of Lease Supplement No.
                 One is amended by deleting the dollar amount
                 "$4,359,371.41" therefrom and replacing it with the
                 dollar amount "$4,437,753.13".

                          2.      Paragraph 9 of Lease Supplement No. 1
                 deleted in its entirety and replaced with the
                 following:

                          "9.     Basic Rent Payable during Basic Term:
                 $67,011.71 on each Rent Payment Date commencing
                 February 1, 1995 and ending July 1, 1995, and
                 $68,291.03 on each Rent Payment Date during the
                 remaining Basic Term, commencing August 1, 1995, in
                 each case, in arrears, plus all applicable sale and/or
                 use taxes."

                          The words "this Supplement", "hereby", and
                 other like words in Lease Supplement No. One from and
                 after the date hereof shall mean and include Lease
                 Supplement No. One as amended, and each amendment
                 thereto. Lease Supplement No. One as amended shall
                 continue in full force and effect strictly in
                 accordance with its terms and is in all respects
                 ratified and confirmed.

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                          IN WITNESS WHEREOF, Lessee and Lessor have
                 caused this Amending Agreement No. 1 to be executed
                 their duly authorized representatives as of the date
                 first above written.

                                          LADD FURNITURE, INC., Lessee



                                          By:  ___________________________
                                          Title:

                                          BOT FINANCIAL CORPORATION, Lessor



                                          By:  ___________________________
                                          Title:



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