Exhibit 10.P

                   ADDENDUM TO SEVERANCE AGREEMENT AND RELEASE

     This Addendum to Severance Agreement and Release  ("Addendum") is made this
6th day of March, 2001,  between FINOVA Capital  Corporation (the "Company") and
Robert M. Korte ("Employee").

                                    RECITALS

     A.  Employee and the Company are entering  into a Severance  Agreement  and
Release (the  "Agreement") on this date,  which provide,  among other things for
the payment of certain  compensation  and for the  repayment of a loan  Employee
owes to the Company (the "Loan").

     B. The parties desire to provide certain  additional bonus  compensation to
Employee and to assure that  Employee  applies the  proceeds  from that bonus to
satisfy  certain  portions of the Loan,  pursuant to the terms of this Addendum.
Employee has  conditioned  his acceptance of the Agreement on the payment of the
bonus and its application to the Loan as provided in this Addendum.

     NOW, THEREFORE, the parties agree as follows. Capitalized terms not defined
in this Addendum shall have the meanings given them in the Agreement.

     1. BONUS. Provided Employee executes the Agreement,  on the Effective Date,
the Company shall pay to Employee the sum of Three  Hundred  Thousand and no/100
dollars ($300,000.00), less applicable withholding taxes.

     2.  APPLICATION TO LOAN. The net proceeds of the Bonus will also be applied
to Employee's  obligations under the Loan. Any excess proceeds shall be remitted
to Employee.

     3.  REPAYMENT TO COMPANY.  If a court orders  repayment of the proceeds due
under the  Agreement  or this  Addendum  for the  benefit of the  Company or its
creditors,  except in satisfaction of the Loan, then any amounts  required to be
repaid shall again be deemed to have been borrowed  under the Executive  Officer
Loan Program, pursuant to the same terms as govern the Loan, as modified by this
Agreement.

     4. INTERPRETATION.  This Addendum supplements the Agreement.  To the extent
the Addendum and  Agreement are in conflict,  the terms of this  Addendum  shall
control.

Dated as of the date noted above.


                                     /s/ Robert M, Korte
                                     -------------------------------------------
                                     Robert M, Korte
                                     Employee


                                     FINOVA CAPITAL CORPORATION


                                     By: /s/ William C. Roche
                                         ---------------------------------------
                                         William C. Roche
                                         Senior Vice President - Human Resources