<DOCUMENT>
<TYPE>EX-10.50
<SEQUENCE>13
<FILENAME>e54297ex10-50.txt
<DESCRIPTION>NONQUALIFIED ELECTIVE DEFERRAL PLAN
<TEXT>
<PAGE>
                                                                   Exhibit 10.50

           Amend Senior Executive Nonqualified Elective Deferral Plan
           ----------------------------------------------------------

Effective January 1, 1999, The New England Life Insurance Company Senior
Executive Nonqualified Elective Deferral Plan is amended, which amendment shall:

     Section 5.1(b)-delete $10,000 and substitute $25,000. Add new paragraph:
     "Account balances of less than $25,000 will be distributed in a lump sum."

In Witness Whereof, the Plan Sponsor has executed this instrument by its duly
authorized officers as of January 1, 1999.

     /s/ Illegible
------------------------                     New England Life Insurance Company
     Attest
                                             By:  /s/ James M. Benson
                                                  -------------------
                                                  James M. Benson

</TEXT>
</DOCUMENT>