Exhibit 10.1

                          COLUMBUS MCKINNON CORPORATION
                         MONTHLY RETIREMENT BENEFIT PLAN

                  AMENDMENT NO. 8 OF THE 1998 PLAN RESTATEMENT


     Columbus  McKinnon  Corporation (the "Company")  hereby amends the Columbus
McKinnon  Corporation  Monthly Retirement Benefit Plan (the "Plan"),  as amended
and restated in its entirety  effective April 1, 1998, and as further amended by
Amendment Nos. 1through 8, as permitted under Section 10.1 of the Plan, in order
to comply with Section  101(b)(4) of the Pension  Funding Equity Act of 2004, as
follows:


1.   Section 11.2, entitled "Maximum Annual Benefit", is amended effective April
1, 2004 by adding new Section 11.2(e) to read as follows:

     "(E)  ADJUSTMENT  FOR CERTAIN OTHER FORMS OF BENEFIT.  NOTWITHSTANDING  ANY
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OTHER  PROVISION IN THE PLAN, IF THE ANNUAL BENEFIT IS PAYABLE UNDER THE PLAN IN
A FORM  OTHER THAN A SINGLE  LIFE  ANNUITY  (WITH NO  ANCILLARY  BENEFITS),  THE
APPLICATION  OF THE LIMITS IN SECTION  11.2(A)  SHALL BE MADE BY  ADJUSTING  THE
BENEFIT SO THAT IT IS THE  EQUIVALENT OF A SINGLE LIFE ANNUITY  (WITH  ANCILLARY
BENEFITS)  AS  PROVIDED  IN CODE  SECTION  415(B)(2)(A).  WITHOUT  LIMITING  THE
GENERALITY OF THE PRECEDING SENTENCE, IN THE CASE OF A BENEFIT PAYABLE IN A FORM
SUBJECT TO CODE SECTION  417(E) (E.G.,  A LUMP SUM  PAYMENT),  THE INTEREST RATE
SHALL NOT BE LESS THAN THE GREATER OF THE APPLICABLE  INTEREST RATE DESCRIBED IN
SECTION 1.4 OR ANY OTHER RATE SPECIFIED IN THE PLAN PROVIDED,  HOWEVER,  THAT IN
THE CASE OF PLAN YEARS  BEGINNING IN 2004 AND 2005,  THE INTEREST RATE SHALL NOT
BE LESS THAN THE GREATER OF 5.5% OR ANY OTHER RATE SPECIFIED IN THE PLAN."

     IN WITNESS  WHEREOF,  this  instrument  of amendment has been executed by a
duly authorize officer of the Corporation this 22nd day of December, 2006, to be
effective as of the dates recited herein.


                                           COLUMBUS McKINNON CORPORATION

                                           By     /S/ Timothy R. Harvey
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                                           Title: Secretary
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