FIRST DATA CORP
DESCRIPTION OF ORAL CONTRACT WITH GARIN STAGLIN
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>0004.txt
<DESCRIPTION>DESCRIPTION OF ORAL CONTRACT WITH GARIN STAGLIN
<TEXT>

<PAGE>

                                                                    EXHIBIT 10.3

                DESCRIPTION OF ORAL CONTRACT WITH GAREN STAGLIN

The Company and Garen Staglin, a director of the Company, have entered an oral
consulting agreement that became effective in May 2000 whereby Mr. Staglin is
paid $37,500 per month for his services in pursuing business opportunities on
behalf of the Company.  Mr. Staglin is also reimbursed for reasonable travel
expenses incurred in pursuing those opportunities.





</TEXT>
</DOCUMENT>
