Employment Agreement - Polo Ralph Lauren Corp. And John D. Idol

                               AMENDMENT NO. 1 TO
                              EMPLOYMENT AGREEMENT


      Agreement dated as of October 31, 1994 between Ralph Lauren Corporation
('Polo'), Polo Ralph Lauren, L.P. (the 'Partnership') and John D. Idol
('Executive').

      Polo and Executive are parties to a certain Employment Agreement dated as
of the 31st day of March, 1994 (the 'Agreement') and to a certain letter
agreement dated as of March 31, 1994 (the 'Letter Agreement').

      Polo has transferred substantially all of its assets and liabilities and
its business to the Partnership as of the date first written above.

      Pursuant to Section 9(a) of the Agreement the parties wish to confirm and
acknowledge that Polo has assigned to the Partnership and the Partnership has
assumed, all rights, duties and obligations of Polo under the Agreement and the
Letter Agreement.

      NOW THEREFORE, intending to be bound the parties hereby agree as follows
with effect from the first date written above.

      1. All references to the Company under the Agreement shall refer to Polo
Ralph Lauren, L.P., a Delaware limited partnership, and all notices shall be
addressed to that entity. The Partnership hereby agrees to fulfill all the
duties and


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obligations of the Company under the Agreement and the Letter Agreement and to
be bound by the terms thereof.

      2. Except where the context requires otherwise, references in the
Agreement to the 'Board of Directors' of the Company or its 'Board' or its
'Directors' shall mean the executive or managing board of the Company which is
vested with the authority to hire and dismiss the executive officers of the
Company and if that power is vested in a general partner of the Company then
such reference shall be to the Board of Directors or the executive or managing
board, as the case may be, of such general partner.

      3. The Agreement remains in full force and effect and unmodified except as
herein provided.



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      IN WITNESS WHEREOF, each of the undersigned has executed this Agreement as
of the date first written above.

                        POLO RALPH LAUREN CORPORATION, a
                            New York corporation


                        By:    /s/ Michael J. Newman
                            -----------------------------------------

                        POLO RALPH LAUREN, L.P., a
                            Delaware limited partnership
                        By:  POLO RALPH LAUREN
                            CORPORATION, General Partner

                        By:    /s/ Michael J. Newman
                            -----------------------------------------

                        EXECUTIVE:

                            /s/ John D. Idol
                        ---------------------------------------------