THE FLEET FINANCIAL GROUP, INC.
EXECUTIVE DEFERRED COMPENSATION PLAN NO. 2
The Fleet Financial Group, Inc. Executive Deferred Compensation Plan
No. 2 is amended effective February 1, 1999 by adding the following new Section
8.8 TRANSFER OF BENEFITS TO PLAN OF ACQUIRER. Notwithstanding anything
in this Plan to the contrary, if the Company sells a business or business unit
(whether in an asset or stock sale) and the acquirer maintains a nonqualified
deferred compensation plan that agrees to accept a transfer from this Plan of
the benefit liabilities of the Participants who become employees of the acquirer
as a result of the sale, such liabilities will be so transferred and the sale of
the business or business unit will not be treated as a termination of employment
of such Participants for purposes of the Plan.
IN WITNESS WHEREOF, this Amendment One has been adopted by the Human
Resources and Planning Committee on the 17th day of February, 1999 and is
executed by a duly authorized officer of Fleet Financial Group, Inc.
FLEET FINANCIAL GROUP, INC.
By: /s/ WILLIAM C. MUTTERPERL
William C. Mutterperl
Executive Vice President, Secretary
and General Counsel