EXHIBIT 10.71.1 [Letterhead of Trump Taj Mahal Casino Resort] May 27, 1997 Mr. Larry Clark 10 Clipper Court Abescon, New Jersey 08201 Dear Larry: This letter will serve as a Second Amendment to the Employment Agreement dated December 10, 1993, and amended October 10, 1995, entered into between Trump Taj Mahal Associates d/b/a Trump Taj Mahal Casino Resort and you ("the Agreement"). TTMA shall extend your Agreement, commencing June 1, 1997 and expiring June 30, 2001 ("the Expiration Date"). Paragraph 2 of the Agreement is hereby amended to provide for an annual base salary of Three Hundred and Fifty Thousand ($350,000.00) Dollars. You shall also receive a bonus upon signing in the amount of Fifty Thousand ($50,000.00) Dollars (net amount after payment of taxes). Paragraph 5b of the Agreement is hereby amended to provide a company provided car in lieu of the car allowance, in an amount not to exceed Ten Thousand ($10,000.00) Dollars per year, commencing immediately. Paragraph 5 of the First Amendment shall remain in effect, whereby TTMA shall pay an annual bonus in a minimum amount of One Hundred Twenty Five Thousand ($125,000.00) Dollars. Except as hereby modified, all the other terms and conditions of the Agreement and the First Amendment, dated October 10, 1995, shall remain in full force and effect. Larry W. Clark Page 2 May 27, 1997 Please acknowledge your agreement with this modification by signing below. Very truly yours, /s/ Rodolfo E. Prieto - --------------------- RODOLFO E. PRIETO Chief Operating Officer Agreed & Consented To: /s/ Larry W. Clark Date: - -------------------- -------------- LARRY W. CLARK